After Gleneagles [E-Book]: What Role for Loans in ODA? / Daniel Cohen, Pierre Jacquet and Helmut Reisen
Cohen, Daniel.
Jacquet, Pierre. / Reisen, Helmut.
Paris : OECD Publishing, 2006
27 p. ; 21 x 29.7cm.
OECD Development Centre Policy Briefs ; 31
Full Text
Suppose a DAC donor earmarks $1 billion of taxpayers’ money for official development assistance (ODA). The donor may use two instruments as an outright grant or in combination with a market loan to produce a concessional loan of $2 billion with a percentage grant element of 50 per cent. Many nowadays think the choice should be clear: provide grants only, leave loans to the market. The purpose of this Policy Brief is to qualify and inform this choice....