Reforming Aid: Toward More Predictable, Performance-Based Financing for Development
We explore ways of mitigating the costs of aid volatility: in particular, we show that these can be dramatically reduced by a flexible pre-commitment rule which adjusts flows in the case of drastic improvements or deteriorations in country performance ratings. Such a system can further reduce variab...
| Main Authors: | , |
|---|---|
| Language: | EN |
| Published: |
2012
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/5682 |