'The goal of this paper is to understand better, at the empirical level, how public spending contributes to growth by focusing on both the level and composition of public spending, in connection to the dynamics of GDP per capita growth. It attempts to answer two specific questions: (a) What are the policy conditions under which public spending contributes positively to growth? and (b) What are the public spending components that have a stronger and longer-lasting impact on growth?'
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Long before Cyclone Sidr struck the southern coastal areas of Bangladesh on 15 November 2007, many important life-saving actions had been carried out. Thanks to early warning systems and disaster preparedness measures, up to 3,000,000 people had already evacuated low-lying coastal areas, many finding refuge in anti-cyclone shelters. Nevertheless, as Cyclone Sidr tore through several coastal districts, it left enormous devastation in its wake.
Preparations for disaster saved many lives and th more...
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The world’s poor must not pay the price for the collapse of financial markets. Without immediate action, millions will suffer. The G20 must take three actions now to protect the world’s poor from the economic crisis and build a new political and economic governance system.
Source: Oxfam
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'This public expenditure analysis for Aceh in 2008 states that the Government of Aceh has received a Special Autonomy Fund to give greater opportunities to build infrastructure and public services and promote economic development. Budget allocation for the provincial government and district went to the main sectors such as infrastructure, health and agriculture. Indicators of social output also show the improvement in the provision of public services. However, major challenges still remain. For more...
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'Afghanistan's reconstruction has made considerable progress during the past four years. Led by the Government with international support but relying mostly on the energy and initiative of the Afghan people, reconstruction has resulted in solid achievements -- rapid economic growth, unprecedented primary school enrollments including enrollments for girls, great expansion of immunization, rehabilitation of major highways, a new and stable currency, promulgation of a new Constitution, Presidential more...
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The Publish What You Fund (PWYF) Campaign is a new initiative to promote transparency of international aid. It is formed by civil society groups from around the world, including organizations working on aid effectiveness and groups working on access to government information.
These organizations believe that for aid to be effective, accountable and participatory it must be transparent: information must be available to recipient governments, affected communities, and other stakeholders as well more...
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Homi Kharas argues that leaders must look to maintain aid flows now more than ever at this critical financial inflection point, particularly as developing nations may be hit hardest and long-term global stability depends as much on reducing poverty as it does on fixing the regulations governing global private capital.(PDF), 3 pages. Source: Brookings Institution
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