CIAO DATE: 06/2009
May 2009
Danish Institute for International Studies
Over the past decade, development policy has witnessed a clear shift towards a poverty reduction agenda. Unsurprisingly, this has been accompanied by changes in views concerning development finance. A dominant refrain of the present agenda is that ‘traditional' approaches to development finance, characterised by official bilateral and multilateral assistance to discrete projects through a combination of loans and credits, have been inadequate. In response, reforms of traditional aid and alternative approaches to financing are being advocated.
Resource link: Alternative development financing mechanisms: pre-crisis trends and post-crisis outlook [PDF] - 461K