The Ethical Foundations of Aid

2018 ◽  
pp. 545-558
Author(s):  
Paul Collier
Keyword(s):  
Financial Institutions ◽  
Poverty Reduction ◽  
Development Assistance ◽  
Humanitarian Aid ◽  
Mutual Benefit ◽  
International Financial Institutions ◽  
Poor Countries ◽  
Ethical Rationale ◽  
The Common

Despite its long history, aid for poor countries has never had a secure ethical rationale. “Poverty reduction” is inadequate: I show that people who are equally poor, but in countries with different circumstances, should not be equally eligible. I ground the rationale for aid in two psychologically instinctive duties of rescue: for humanitarian aid the rescue is from catastrophe, for development assistance it is from mass despair. I argue that the common practice of making aid conditional upon policy—whether economic, as developed by the International Financial Institutions, or social and environmental as required by NGOs—is both unethical and counterproductive. Instead, I develop the advantages and limitations of aid for mutual benefit.

Development Assistance

2017 ◽  
Author(s):  
Mark Pieth
Keyword(s):  
Financial Institutions ◽  
Development Assistance ◽  
Development Aid ◽  
Aid Effectiveness ◽  
International Financial Institutions ◽  
Multilateral Development Banks ◽  
Flow Of Funds ◽  
Key Players ◽  
The Impact ◽  
Donor Interest

Amongst the key players in combatting corruption are the institutions promoting development assistance, the International Financial Institutions (or Multilateral Development Banks, MDBs) and the bilateral development aid agencies. This chapter questions the effectiveness of development assistance, particularly the autocratic states’ tolerating embezzlement. That discussion also touches on the logic of development assistance and describes donor interest. The chapter then turns to the Oil-for-Food Programme, describing its planned distribution of oil proceeds, and then notes what went wrong, including the topic of the impact of oil surcharges and humanitarian contract kickbacks on the flow of funds. It concludes with a discussion of the contributions of the International Financial Institutions (IFIs) toward improving aid effectiveness.

scholarly journals Measuring the inclusiveness of international financing to tourism in Latin America and the Caribbean

2018 ◽  
Vol 15 (3) ◽  
pp. 15-34 ◽  
Author(s):  
Isabel Carrillo-Hidalgo ◽  
Juan Ignacio Pulido-Fernández
Keyword(s):  
Latin America ◽  
Financial Institutions ◽  
Small Businesses ◽  
Financial Support ◽  
Poverty Reduction ◽  
Economic Life ◽  
International Financial Institutions ◽  
The Caribbean ◽  
International Financing

Globally, tourism has been identified as a means of poverty reduction and development, and as a means of encouragement of females, minorities and small businesses to better engage in the mainstream of economic life. This paper examines whether the international and governmental financial support, grated by international financial institutions, is effectively achieving these aims in Latin America and the Caribbean. A series of indices are established in the paper that assess the extent to which such funding includes non-corporate enterprise while also considering the volume and nature of such funding. It is concluded that the goals of inclusiveness are not being met.

Guterres reforms shake up UN agency dynamics

2018 ◽  
Keyword(s):  
Member State ◽  
Financial Institutions ◽  
Development Assistance ◽  
Secretary General ◽  
International Financial Institutions ◽  
Content Type ◽  
Development System ◽  
Reform Agenda ◽  
Reform Plan ◽  
State Representatives

Significance Member state representatives are expected to use the opportunity to debate long-awaited reforms to the UN development system and make it clear which elements of UN Secretary-General Antonio Guterres’s ambitious reform plan they support -- and whether they will provide the funds needed to implement it. Impacts Authority over UN development assistance will become more centralised within the UN Secretariat, as opposed to the agencies. Even with modest reform, UN agencies will remain more fragmented and less efficient than international financial institutions. Countries hoping to raise their UN stature may back Guterres’s reform agenda by financing the proposed Resident Coordinator system.

A Matter of Life and Debt

2018 ◽  
Author(s):  
David M. Webber
Keyword(s):  
Financial Institutions ◽  
Debt Relief ◽  
National Accounts ◽  
International Financial Institutions ◽  
New Approach ◽  
Poor Countries ◽  
Economic Framework ◽  
Heavily Indebted Poor Countries ◽  
The International Monetary Fund

The first of these case study chapters in chapter 5 draws parallels between the economic framework designed by Treasury officials at home and ‘the new international economic architecture’ that Gordon Brown was keen to pursue abroad. This would provide the basis for a new approach to debt relief to reform the Heavily Indebted Poor Countries initiative. The new Multilateral Debt Relief Initiative would be conditional upon recipient countries meeting their obligations towards this new economic architecture, designed by Brown and based upon the principles of the ‘post-Washington Consensus’. This approach however, ran counter to many within civil society who viewed the issue of debt relief in ‘moral’ rather than simply ‘economic’ terms. In meeting with these different faith groups, NGOs and other debt activists, Brown certainly appeared sympathetic to such claims but the biblical language of forgiveness, justice and redemption that he used in speaking to these audiences differed from when he spoke in altogether more punitive terms to the international financial institutions. Here Brown spoke of the need for greater stability, demanded that indebted countries recognise their financial obligations, and urged greater surveillance by the International Monetary Fund of these countries national accounts.

INTERACTION OF THE NATIONAL ECONOMY OF UKRAINE WITH INTERNATIONAL CREDIT AND FINANCIAL ORGANIZATIONS

2017 ◽  
Author(s):  
Serhii Voitko ◽  
◽  
Yuliia Borodinova ◽  
Keyword(s):  
Financial Institutions ◽  
National Economy ◽  
Financial Support ◽  
Global Economy ◽  
Financial Sector ◽  
Negative Consequences ◽  
International Financial Institutions ◽  
The Future ◽  
International Credit

The article examines the interaction of the national economy of Ukraine with international credit and financial organizations, evaluates the positive and negative consequences and identifies possible areas for further cooperation. The role of international credit and financial organizations in the development of the global economy is analyzed. Today, international financial institutions have taken a leading place among institutions that provide financial support and contribute to the implementation of necessary reforms aimed at developing enterprises in various sectors of the economy and strengthening the country's financial sector as a whole. The importance of cooperation between Ukraine and international financial institutions for the development of the country's economy has been determined. The problems and directions of development of cooperation with leading credit and financial organizations in modern conditions are identified. Despite the presence of certain shortcomings, cooperation between Ukraine and international credit and financial organizations will continue in the future.

Sign in / Sign up

Export Citation Format

Share Document