The monetary and exchange rate system of the West African Economic and Monetary Union (WAEMU) is characterised by a single currency, the West African CFA franc (XOF). Its anchor is a fixed exchange rate against the euro. France provides an unlimited and unconditional guarantee for this exchange...

The issue of introducing a vulnerability indicator in an aid allocation formula such as the Performance Based Allocation (PBA) used by several Multilateral Development Banks (MDBs) has been discussed for a long time. Three reasons make it particularly desirable to now reconsider the issue.

The aim of this note is to provide an analytical framework for a bilateral donor, in this case France, wishing to draw up a list of priority countries for its aid in a rational way, based on transparent political choices. Drawing up a list of priority countries for French aid, intended to...

Following the Paris Summit for a Global Financial Pact and the United Nations resolution on the adoption of a Multidimensional Vulnerability Index (MVI), multilateral development banks (MDBs) have been called upon to integrate structural vulnerability into the allocation of their concessional...

Following the Paris Summit for a Global Financial Pact and the United Nations resolution on the adoption of a Multidimensional Vulnerability Index (MVI), multilateral development banks (MDBs) have been called upon to integrate structural vulnerability into the allocation of their concessional...

The aim of this note is to provide an analytical framework for a bilateral donor, in this case France, wishing to draw up a list of priority countries for its aid in a rational way, based on transparent political choices. Drawing up a list of priority countries for French aid, intended to...

The issue of introducing a vulnerability indicator in an aid allocation formula such as the Performance Based Allocation (PBA) used by several Multilateral Development Banks (MDBs) has been discussed for a long time. Three reasons make it particularly desirable to now reconsider the issue.