Income status is an unreliable guide to aid allocation. Looking ahead to Addis 2015, this report argues that middle income countries need more access to ‘hard’ loans and aid if they are vulnerable, requiring a thorough overhaul of the system of multilateral development banks and a new international target on lending.
The development finance conference in Addis next year should consider two seemingly counterintuitive ideas: focus international grants on the least creditworthy countries; and boost access to non-concessional aid for richer countries.
'Social enterprises are described as capable of achieving both social impact and financial viability. That deceptively simple sentence offers a hugely appealing spending prospect for international development agencies – small and judicious injections of capital and skills which seed self-sustaining engines of social change. Wow. Why not?'