By Karin Arts, Anna K. Dickson
It's more and more well-known that european improvement cooperation coverage has did not meet its acknowledged goals. during this booklet Arts and Dickson ask the most obvious and significant query: if the coverage does not paintings, why hassle with it? The authors examine why european improvement coverage has develop into principally useless, bringing up one of the exterior causal elements the liberalisation of exchange, and the transforming into effect people and foreign actors corresponding to the realm financial institution and the overseas financial Fund upon european coverage. It additionally considers contributing elements in the ecu equivalent to the growth of its club and the ensuing shifts in priorities. it really is this research of inner and exterior components affecting the decline of ecu improvement coverage that makes this research either cutting edge and specified. It brings jointly a powerful diversity of individuals from diverse disciplines leading to an intensive and clever evaluation of the talk.
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Extra resources for EU Development Cooperation: From Model to Symbol
Thus development assistance would, in the Bank’s view, become conditional on commitments to good government. The wider political issues of human rights and democracy have also been taken on board by the Bank but to a lesser degree. Within the good governance agenda, the Bank’s focus has often been on tackling corruption, which not only results in wasted resources but also distorts the policy process. However, 25 William Brown this has direct political implications, for not only is corruption seen as bad for citizens’ rights and freedoms, but enhancing those rights, and improving openness and accountability, are a key mechanism for reducing corruption.
The scheme was launched in 1996 and entailed debt write-offs for the poorest countries that had proven records of implementing IMF and World Bank adjustment programmes. In the summer of 1999 the HIPC initiative was accelerated when speedier routes to debt relief were agreed by the Group of 8 industrialised countries. In order to ensure that funds released by debt relief contributed to development, and in line with the Bank’s twin-track conceptualisation of aid policies, debt relief was conditional upon both adherence to macroeconomic stability under IMF guidance and the creation and implementation of programmes through which poverty reduction would be achieved in recipient countries.
Furthermore, the other Commission aim of protecting long-term, and nominally non-conditional, aid from the Convention was also only partially realised. The Commission had stated that ‘The Community has always insisted that it would be wrong to convert the aid earmarked for long term development . . into adjustment support’ (CEC, 1992a: 16). However, aid instruments such as Stabex (compensation for falls in export earnings) and aid allocated through the project-dominated NIPs were used for adjustment support.