The Aid paradigm for poverty reduction: Does it make sense?

YesWhilst thinking on economic policy for development has undergone many shifts with the perceived weak results of earlier adjustment reforms a new donor consensus has emerged based around the central themes of economic growth, good governance and social development. This paper examines the logic behind this new Aid paradigm and discusses the empirical evidence to support it. A nuanced story is revealed with country circumstances playing a critical role and particular interventions varying in impact across countries. For example, growth does not always lead to gains for the poor that match the national average; public expenditure needs to be targeted to achieve social development but effective targeting is difficult; governance reform may be critical but there is no simple governance blueprint and the corruption-growth association need not always be negative

Sustainable Agricultural Productivity Growth and Bridging the Gap for Small-Family Farms: Interagency Report to the Mexican G20 Presidency

In 2011, G20 leaders committed to sustainably increase agricultural (production and) productivity (paragraph 43 of the Cannes Declaration). They "agree(d) to further invest in agriculture, in particular in the poorest countries, and bearing in mind the importance of smallholders, through responsible public and private investment," they "decide(d) to invest in research and development of agricultural productivity. Early in 2012 Mexico, as G20 President, invited international organisations to examine practical actions that could be undertaken to sustainably improve agricultural productivity growth, in particular on small family farms. The preparation of this report, co-ordinated by the FAO and the OECD, responds to this request. It is a collaborative undertaking by Bioversity, CGIAR Consortium, FAO, IFAD, IFPRI, IICA, OECD, UNCTAD, Coordination team of UN High Level Task Force on the Food Security Crisis, WFP, World Bank, and WTO. We, the international organisations, are pleased to provide you with this joint report and look forward to continuing collaboration within the G20 framework to further elaborate and, as appropriate, implement the recommendations that it contains

Bridging Integration Gaps: Scenarios and Policy Recommendations to Promote Physical Infrastructure and Reduce Intra-Regional Trade Costs

This policy brief is intended to serve as the basis for the discussion of the Ministers of Finance on action needed to promote physical infrastructure and reduce intra-regional trade costs, in the context of the Third Meeting of the Finance Ministers of the Americas and the Caribbean held in Lima (Perú), on May 28, 2010. It is argued that the Latin American and Caribbean region must bridge three interrelated policy gaps in order to advance its integration agenda. First, despite advances in trade liberalization, significant progress still must be made to perfect, harmonize, and bridge existing trade agreements. Second, the logistical costs related to the coverage and quality of physical infrastructure and lack of regulatory harmonization pose a serious constraint to regional integration and global competitiveness. Third, although cross-border strategic investments hold the potential to further advance the region¿s integration, their execution would be accelerated by overcoming certain institutional and operational obstacles.Integration & Trade :: Trade Agreements, Integration & Trade