Following a series of debt cancellations, the public debt of many developing countries has reached low levels. These countries are being urged to extent public spending to reach The Millennium Development Goals (MDGs), but can not exclusively rely on external financing. Consequently, is an...

Developing countries are being urged to extent public spending to reach The Millennium Development Goals (MDGs). Following a series of debt cancellations, the public debt of many developing countries has reached low levels, so that external borrowing is a plausible option. However, developing...

Ethical foundations of the development aid of France may be found in General de Gaulle's speeches and in Paul VI's encyclical Popularum Progressio, the roots of which are the New Testament. This article aims at reconciling ethic with aid effectiveness as it is defined by economics. It analyses...

This article investigates how financial development is beneficial to the reduction of poverty, on the one hand by promoting growth and in the other hand directly by the McKinnon conduit effect. At the same time, however, financial instability which accompanies financial development is...

We examine whether absorptive capacity represents a compulsory reason to reject the proposal of a large aid increase to support a big push. We argue that poverty trap is a probability for many countries, in particular the Least Developed Countries and that an aid increase is relevant for them....