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Overview
There will always be critics of foreign aid, both on practical and theoretical grounds, who regard aid programs as ineffective or even counter-productive. This work, resulting from a study commissioned by the World Bank and the International Monetary Fund, asserts that most aid succeeds in terms of its own objectives and obtains a reasonable rate of return. At the same time, the study acknowledges that foreign aid has its pitfalls and compares these failings with other forms of private and public investments, proposing measures for improving aid effectiveness.
"The book is well written and is unique in coverage and scope...a must for any collection on development issues."--Choice