Author: Helmut Reisen / Publishing Institution: The Organisation for Economic Co-operation and Development

Author:: Helmut Reisen, Pierre Jacquet, and Daniel Cohen
Publication Date:: 12-2006
Content Type:: Policy Brief
Institution:: The Organisation for Economic Co-operation and Development
Abstract:: Suppose a DAC donor earmarks $1 billion of taxpayers' money for official development assistance (ODA). The donor may use two instruments as an outright grant or in combination with a market loan to produce a concessional loan of $2 billion with a percentage grant element of 50 per cent. Many nowadays think the choice should be clear: provide grants only, leave loans to the market. The purpose of this Policy Brief is to qualify and inform this choice.
Topic:: International Relations, Debt, Economics, and Third World

Author:: Helmut Reisen
Publication Date:: 04-2004
Content Type:: Policy Brief
Institution:: The Organisation for Economic Co-operation and Development
Abstract:: At the United Nations Millennium Summit in September 2000, world leaders adopted the Millennium Development Goals (MDGs), which set clear targets for reducing poverty, hunger, disease, illiteracy, environmental degradation, and discrimination against women by 2015.The need for additional development funding, if the MDGs are to be achieved by 2015, is widely recognized. The figure of additional $50 billion per year, roughly the present total of ODA spent by DAC donors, is often quoted (e.g. Zedillo Report). This estimate is of back-of-the-envelope nature, and it seems to be the minimum estimate. If governments exclude the option to abandon the MDGs, they have either to double the existing ODA or to find alternative sources of comparable magnitude–or a balance of the two. The challenge to the international community is mounting by the day.
Topic:: Agriculture, Economics, Environment, Human Rights, International Organization, Political Economy, and United Nations

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