Foreign Aid: Policy and Practice offers a complete overview of the basics of foreign aid. Who is it for? Who pays for it? Why does it exist? What is it spent on? How much is it? And most important, does it work? The aid debate has been flooded by academic studies and popular books that either challenge or champion the effectiveness of aid. Most presume that the reader already knows the basic facts and characteristics of the aid industry. This book provides readers with a comprehensive summary of the background, actors, core principles and policies, and intended (and unintended) outcomes of foreign aid, followed by a more informed and balanced treatment of the key controversies and trends in aid today. Drawing on the author's 25 years' experience in development practice and 15 years in teaching, the book reflects on recent efforts to accelerate aid's impact and concludes by taking a look at the future of aid and the headwinds it will face in the first half of the 21st century. Perfect for university teaching at advanced undergraduate and graduate levels, this book will also encourage development practitioners, policy makers, and members of the public to engage in more informed debates about aid and development finance.