1. After Gleneagles: What role for loans in ODA?
- 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