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The International Finance Facility: The UK HM Treasury-DFID Proposal to Increase External Finance to Developing Countries

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  • George Mavrotas

Abstract

The paper discusses the International Finance Facility (IFF), a joint HM Treasury-DFID proposal to increase development aid substantially for the Millennium Development Goals to be achieved by 2015. The main conclusion of the paper is that the proposed IFF is a promising, forward-looking and creative proposal for it implies a substantial increase in fresh, predictable and stable aid as well as a robust financial structure.

Suggested Citation

  • George Mavrotas, 2003. "The International Finance Facility: The UK HM Treasury-DFID Proposal to Increase External Finance to Developing Countries," WIDER Working Paper Series DP2003-79, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:dp2003-79
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    File URL: https://www.wider.unu.edu/sites/default/files/dp2003-079.pdf
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    References listed on IDEAS

    as
    1. G Mavrotas & B Ouattara, 2003. "The Composition of Aid and the Fiscal Sector in an Aid-Recipient Economy: A model," Economics Discussion Paper Series 0307, Economics, The University of Manchester.
    2. Levy, Victor, 1987. "Anticipated Development Assistance, Temporary Relief Aid, and," Economic Journal, Royal Economic Society, vol. 97(386), pages 446-458, June.
    3. Devesh Kapur, 2002. "Do as I Say Not as I Do: A Critique of G-7 Proposals on Reforming the MDBs," Working Papers 16, Center for Global Development.
    4. George Mavrotas, 2002. "Aid and Growth in India: Some Evidence from Disaggregated Aid Data," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 3(1), pages 19-48, March.
    5. repec:bla:rdevec:v:4:y:2000:i:2:p:156-63 is not listed on IDEAS
    6. repec:bla:devpol:v:21:y:2003:i::p:293-300 is not listed on IDEAS
    7. George Mavrotas & Bazoumana Ouattara, 2003. "Aid Disaggregation, Endogenous Aid and the Public Sector in Aid-Recipient Economies: Evidence from Côte d'Ivoire," WIDER Working Paper Series DP2003-15, World Institute for Development Economic Research (UNU-WIDER).
    8. Griffin, Keith, 1970. "Foreign Capital, Domestic Savings and Economic Development," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 32(2), pages 99-112, May.
    9. Mark McGillivray & Oliver Morrissey, 2000. "Aid fungibility in Assessing Aid: red herring or true concern?," Journal of International Development, John Wiley & Sons, Ltd., vol. 12(3), pages 413-428, April.
    10. George Mavrotas, 2002. "Foreign aid and fiscal response: Does aid disaggregation matter?," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 138(3), pages 534-559, September.
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    Citations

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    Cited by:

    1. Paul Mosley, 2004. "Avoiding the elephant traps: a commentary on the International Finance Facility," Journal of International Development, John Wiley & Sons, Ltd., vol. 16(6), pages 879-886.
    2. Contamin, Bernard & Milanesi, Julien & Montaud, Jean-Marc, 2008. "Les nouvelles logiques de l’aide publique au développement : entre rationalisation, pragmatisme et logiques institutionnelles," L'Actualité Economique, Société Canadienne de Science Economique, vol. 84(2), pages 155-178, juin.
    3. Tun Lin & George Mavrotas, 2004. "A Contract Perspective on the International Finance Facility," WIDER Working Paper Series RP2004-60, World Institute for Development Economic Research (UNU-WIDER).
    4. Reis, José Guilherme Almeida dos., 2004. "International finance : meeting the needs of people in developing countries," ILO Working Papers 993701163402676, International Labour Organization.
    5. repec:ilo:ilowps:370116 is not listed on IDEAS
    6. Anthony Barnes Atkinson, 2003. "Innovative Sources for Development Finance: Over-Arching Issues," WIDER Working Paper Series DP2003-88, World Institute for Development Economic Research (UNU-WIDER).

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