The Fallout from the Financial Crisis (3) Will Aid Budgets Fall Victim to the Credit Crisis?
The financial crisis should give a new impetus to governments' efforts to improve aid effectiveness. Over the last few months, the governments of OECD countries have pledged trillions of dollars in loans, guarantees, capital injections, and other assistance in their coordinated effort to prop u...
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| Other Authors: | , |
| Format: | eBook |
| Language: | English |
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Paris
OECD Publishing
2008
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| Series: | OECD Development Centre Policy Insights
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| Online Access: | |
| Collection: | OECD Books and Papers - Collection details see MPG.ReNa |
| Summary: | The financial crisis should give a new impetus to governments' efforts to improve aid effectiveness. Over the last few months, the governments of OECD countries have pledged trillions of dollars in loans, guarantees, capital injections, and other assistance in their coordinated effort to prop up the global financial system. In comparison, annual aid flows, currently standing at around $100 billion, are just "a drop in the ocean", in the words of Robert Zoellick, President of the World Bank |
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| Physical Description: | 2 p. 21 x 29.7cm |