This article investigates how financial development helps to reduce poverty directly through the McKinnon conduit effect and indirectly through economic growth. The results obtained with data for a sample of developing countries from 1966 through 2000 suggest that the poor benefit from the...

The objectives of international development cooperation have undergone profound changes in recent decades. To the traditional goals constituted by the fight against poverty and the development of less developed countries the promotion of global public goods has been added. It is in terms of all...

Public financial flows to developing countries serve a multitude of purposes, the growing number of which has led over time to an incoherent institutional landscape of international financing. Institutional fragmentation has profound consequences for the effectiveness of policies. Starting from...