We develop screens and principles designed to maximise the impact of aid, especially in richer recipients. All else equal, a dollar spent in the poorest countries will have a larger impact on well-being than a dollar spent in richer countries, so ODA should be concentrated in those countries.

As much as current US policy has sought to characterize China’s lending program in blunt and strictly negative terms, the reality is mixed. 

If the ODA budget is to be cut, doing so will be painful, messy, and imperfect, but there is a way to wield the chisel well, says Ranil Dissanayake.

We examine the behavior of Chinese government lenders in two debt rescheduling episodes: a “low stakes” case involving Seychelles and a “high stakes” case involving the Republic of Congo. The fact that the Republic of Congo was worse off after rescheduling its debts with Beijing underscores the impo...

We compile a new data set, combining official sources with transaction-level records scraped from the World Bank website, spanning all commitments, disbursements, and payments on all World Bank loans from before the 2008-09 Global Financial Crisis through August 2020, allowing us to compare the...

Being a force for good in the world is more than about branding, or even good intentions: it requires impact and an organisation capable of it. The Foreign, Commonwealth and Development Office’s vision offers a good starting point for being a values-driven force for good in the world, but within tha...

The World Bank’s non-concessional borrowing (NCBP) policy for IDA countries was introduced in 2006 following major rounds of debt relief and debt cancellation for a large subset of these countries through the Heavily Indebted Poor Country Initiative and the Multilateral Debt Relief Initiative.