CGD in the News

The World Bank, Stuck In the Mud [Washington Post]

April 16, 2007

In this Washington Post editorial Sebastian Mallaby references a new working paper by CGD: What Have IMF Programs With Low-Income Countries Assumed About Aid Flows?

From the article:

Then there is the aid story. After Sept. 11, foreign assistance from governments doubled from $52 billion in 2001 to $107 billion in 2005; and that year, the leaders of the industrialized nations gathered at the Group of Eight summit in Gleneagles, Scotland, and pledged a further doubling of aid to sub-Saharan Africa. But the Gleneagles promise is proving empty. The latest data show that governments gave less in 2006 than they had a year earlier. An analysis by the Center for Global Development projects that aid to sub-Saharan Africa will grow at less than half the rate promised at Gleneagles.