Understanding the development effects of official aid is crucial to building a better bridge between research and policy. This paper reviews the current evidence regarding the impact of aid on growth and poverty reduction, and develops a new narrative. In the light of this narrative, the paper...

Poverty reduction has become the central goal of development policies over the last decade but there is a growing realization that the poorest people rarely benefit from poverty reduction programmes. Microfinance programmes can help poor people improve their lives but generally such programmes...

Understanding the development effects of official aid is crucial to building a better bridge between research and policy. This paper reviews the current evidence regarding the impact of aid on growth and poverty reduction, and develops a new narrative. In the light of this narrative, the paper...