FINANCING DEVELOPMENT

Aid and Debt Relief - Reading

1. Growth and Aid

Ravi Kanbur, "The Economics of International Aid", November, 2003. Revised version published in Serge-Christophe Kolm and Jean Mercier Ythier (eds.), Handbook of the Economics of Giving, Altruism and Reciprocity, Elsevier, 2006.
Nancy Birdsall, John Williamson with Brian Deese, Delivering on Debt Relief: From IMF Gold to a New Aid Architecture, Chapters 1 and 2, (Washington, D.C.: Peterson Institute for International Economics, 2002).
Robert Howse, The concept of odious debt in public international law, UNCTAD Discussion Paper 185, July 2007, UNCTAD/OSG/DP/2007/4 - , 01/07/07.
Mitu Gulati, Lee C. Buchheit and Robert B. Thompson, "The Dilemma of Odious Debts," 56 Duke Law Journal 1201 (2007).
Anna Gelpern, "What Iraq and Argentina Might Learn from Each Other," 6 Chicago Journal of International Law 391 (2005).
Moisés Naím, Help Not Wanted, New York Times, February 15, 2007.

2. Case Study - The Millennium Challenge Corporation/Benin Compact

United States Government Accountability Office (GAO), Millennium Challenge Corporation: Compact Implementation Structures Are Being Established; Framework for Measuring Results Needs Improvement.
Steve Radelet, The Millennium Challenge Account: Transforming US Foreign Assistance Policy?
Kaysie Brown, Bilal Siddiqi and Myra Sessions (Center for Global Development), US Development Aid and the Millennium Challenge Account: Emerging Trends in Appropriations.
Foreign Affairs, Defense and Trade Division, CRS Report for Congress: Millennium Challenge Account.
Joshua Kurlantzick, "Bush's Fake Aid," Rolling Stone, March 10, 2006.
Benin Compact - Read Article 1, Article 3, Section 5.4, Section 5.8; Annex I and Annex III. Skim: Article II, Schedule 1-4, Annex II.
Benin Disbursement Agreement - Read Articles 1-3. Skim Exhibit A-C.
Benin Procurement Agreement - Read Articles 1-3