Development Assistance and Development Finance: Evidence and Global Policy Agendas

TLDR: The authors reviewed the current evidence regarding the impact of aid on growth and poverty reduction, and developed a new narrative, and then examined aid trends, focusing on the regions of sub-Saharan Africa and the Pacific.

Abstract: Understanding the development effects of official aid is crucial to building a better bridge between research and policy. This paper reviews the current evidence regarding the impact of aid on growth and poverty reduction, and develops a new narrative. In the light of this narrative, the paper then examines aid trends, focusing on the regions of sub-Saharan Africa and the Pacific.