This is an output of the Acropolis BeFinD project. The ‘Belgian Policy Research group on Financing for Development’ (BeFinD) is a collaboration between the University of Namur (CRED), the KU Leuven (HIVA and CGGS) and the University of Antwerp (IOB) in the framework of the VLIR-UOS and...

We study how 22 donors allocate their bilateral aid among 147 recipient countries over the 1970- 2004 period to investigate whether changes in the international aid architecture?at the international and country level?have led to changes in behavior. We find that after the fall of the Berlin...

This paper grew out of our bewilderment with the insouciance with which some in the donor community seem ready to abandon accounting for the use of aid. If one listens to the rhetoric surrounding the new approach to aid, one gets the impression that most of the crucial accounting tasks must be...

The perennial lamentation since the inception of the aid business has been fragmentation: too many donors carrying relatively small amounts of money to too many different interventions in too many different countries (Easterly and Pfutze 2008: 2; Acharya et al. 2006; Frot and Santiso 2010, 2011)....

Developing countries have recently proved reluctant to participate in sovereign debt moratoria and debt relief initiatives. We argue that debtors' (non-)participation decisions can be understood through the lens of real options. Eligible countries compare the net benefits of participating in a...

The empirical literature on aid effectiveness is mired with controversy. In this regard, the paper aims to investigate the effect of aid on economic growth in Ghana. Using Auto-Regressive Distributed Lagged Models as the main estimation strategy, the study concludes that aid has a positive and...