Aid fungibility in Assessing Aid: red herring or true concern?
✍ Scribed by Mark McGillivray; Oliver Morrissey
- Publisher
- John Wiley and Sons
- Year
- 2000
- Tongue
- English
- Weight
- 153 KB
- Volume
- 12
- Category
- Article
- ISSN
- 0954-1748
No coin nor oath required. For personal study only.
✦ Synopsis
This paper critically reviews Assessing Aid (World Bank, 1998), focussing on Chapter 3, which looks at public sector aspects of aid, speci®cally the issue of aid fungibility. Whilst Assessing Aid's focus on public sector aspects of aid is highly appropriate, it is based on a partial review of the literature and draws conclusions not entirely supported by the literature. We argue that fungibility itself is not an important concern, and distracts attention from what donors can do to ensure that more of their aid is allocated to areas that they want to support. Insucient attention is paid to how aid impacts on public sector behaviour overall and how ®scal management can be improved.