Since the turn of the millennium the aid business has witnessed an important shift in the conceptualization and practice of aid delivery. The move towards harmonized and aligned approaches, including the need to make aid more predictable and flexible, introduced the budget support modality....

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)....

Until the end of the 1990s, Nicaragua was marked with social conflict and internal political struggles. From 2000 until 2006 Nicaragua experienced a relatively democratic period, in which the country drafted Poverty Reduction Strategy Papers (PRSPs) with participation of the civil society. In...