This report contains proposals for a new framework for development cooperation. The Cold War is over and we have an opportunity to replace the ideological competition that dominated international relations for nearly half a century by a new ethos of solidarity and cooperation. The world is no...

This paper examines how macroeconomic policies can be managed to accommodate a large inflow of foreign aid to combat the HIV/AIDS epidemic and still maintain macroeconomic stability. Because of the daunting scale of this epidemic, funds need to be disbursed urgently in order to contain its...