After almost 40 years of development aid most commentators agree that aid as we know it has not worked. Aid fatigue is suffered on both the donor and recipient sides, with a wide divergence between those who call for a radical overhaul of aid delivery methods, those who advocate a complete end to development aid and those who continually demand significant increases in aid flows. How to Manage an Aid Exit provides a refreshing insightful and comprehensive analysis of how an exit may actually be possible - drawing on real experience and as such supplying a simple summary of recommended policy steps. The author thoroughly reviews the functions of capital markets, aid for trade, regional integration and microfinance and a host of other solutions that have been proposed - arguing that an exit strategy for both donors and the Least Developed Countries will have to consider the optimal combination of these specific initiatives which will best satisfy the necessity of development and at the same time solve the problems which have been identified with conventional aid.
Introduction Part I The business of Development Aid Chapter 1 Africa and Aid Chapter 2 A Short History of Development Aid Chapter 3 The Development Aid Business Part II The search for Magic Bullets Chapter 4 Domestic Resource Mobilization Chapter 5 Trade Liberalization Chapter 6 The BRICS and Development Chapter 7 Regional Integration Chapter 8 Microfinance Chapter 9 Remittances Chapter 10 Non-Governmental Organizations and Philanthropic Foundations Part II An Aid Exit Strategy Chapter 11 Towards an Aid Exit Strategy Chapter 12 Conclusion Notes Bibliography
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