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Business and Economics > Public Finance

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  • Type: Journal Issue x
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Cover IMF Working Papers
Does Foreign Aid Reduce Poverty? Empirical Evidence from Nongovernmental and Bilateral Aid
Boriana Yontcheva
and
Mrs. Nadia Masud
This paper assesses the effectiveness of foreign aid in reducing poverty through its impact on human development indicators. We use a dataset of both bilateral aid and NGO aid flows. Our results show that NGO aid reduces infant mortality and does so more effectively than official bilateral aid. The impact on illiteracy is less significant. We also test whether foreign aid reduces government efforts in achieving developmental goals and find mixed evidence of a substitution effect.
Keywords:
WP; health expenditure; recipient country government; dependent variable; education expenditure; government effort
Cover IMF Survey
IMF Survey, Volume 33, Issue 20
International Monetary Fund. External Relations Dept.
The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx
Keywords:
SVNGO aid; SDR interest rate; growth Facility; fund Facility; NGO aid; IMF quota; Nongovernmental organizations; Central bank bills; Tariffs; Structural reforms; Global; Europe; Africa; Asia and Pacific