Conditionality in the global financial architecture
Abstract:
Conventional models of foreign aid and macroeconomic support, in which creditors typically demand policy reforms in return for providing financing, are widely criticized as outdated and inequitable. ‘Conditionality’ will remain relevant, but the system must become more cooperative, locally focused and pragmatic.
The article is Chapter 5 in the report Building Global Prosperity, produced by Chatham House with support from the Rockefeller Foundation.
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