Publication

This paper examines trends in the international aid system from 2005-2010. The study considers four main elements of the aid system and highlights their implications in the areas of aid volume and absorption, new tied aid, selectivity and balance and grants versus loans. Furthermore, the author assesses the main elements of the stylized 2003 consensus model of aid effectiveness (including the Monterrey Aid Compact, the Millennium Development Goals, the Poverty Reduction Strategy process, streamlined conditionality and performance-based aid allocations).