The foreign aid landscape has undergone a paradigm shift in the last few decades, with changes in the behaviour of .traditional. donors and a new focus on selectivity in aid disbursement, as well as .new. donors and South-South co-operation playing an inc

At the very time that professional skepticism concerning the effectiveness of foreign aid has reached new heights, donors seem to be ready to substantially increase the volume of aid they are willing to make available. This paper attempts to address this paradox by first examining the record of...