文章基本信息

标题：Foreign Aid: Grants versus Loans
本地全文：下载
作者：Benedict Clements ; Sanjeev Gupta ; Alexander Pivovarsky 等
期刊名称：Finance and Development
印刷版ISSN：0015-1947
电子版ISSN：0145-1707
出版年度：2004
卷号：41
期号：03
出版社：International Monetary Fund
摘要：Recent initiatives have called for more foreign aid in the form of grants in lieu of loans, which may have led many developing countries to accumulate massive debts. This article addresses the question of whether the proposed shift will have fiscal considerations for recipient countries. Based on empirical tests, the authors conclude that grant aid should be accompanied by a strengthening of institutions.