The implications of foreign aid fungibility for development assistance (English)

A foreign aid or foreign lending policy that focuses exclusively on project financing may have unintended consequences, report the authors. New research shows that aid intended for crucial social and economic sectors often merely substitutes for spending that recipient governments would have undertaken anyway and the funds that are thereby freed up are spent for other purposes. If the aid funds something that would have been done anyway, traditional...
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Citation

Devarajan,Shantayanan; Swaroop,Vinaya.

The implications of foreign aid fungibility for development assistance (English). Policy, Research working paper ; no. WPS 2022 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/660401468766542269

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