Grants or Loans? Development Finance and Incentive Effects

Grants or Loans? Development Finance and Incentive Effects

Some people think the best way to give aid is through grants. Others advocate aid embedded in subsidized loans. Mostly, incentive effects on donors and recipients are ignored in this debate. But grants and loans carry different incentives and in so...

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Bibliographic Details
Main Authors: Harford, Tim, Klein, Michael
Format: Publications & Research
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
ACCOUNTABILITY
BILATERAL LOANS
BORROWER
CAPITAL
CAPITAL MARKETS
CONCESSIONAL LOAN
CONCESSIONAL LOANS
DEBT
DEVELOPMENT BANKS
DEVELOPMENT FINANCE
DISBURSEMENTS
DONOR COUNTRIES
ECONOMIC GROWTH
FINANCING OPTIONS
FOREIGN AID
INVESTMENT SPENDING
LENDERS
LOAN
LOANS
MORAL HAZARD
PRIVATE SECTOR
PUBLIC POLICY
RELENDING
TAX
TAX REVENUE
GRANTS
Online Access:http://documents.worldbank.org/curated/en/2005/03/6040022/grants-or-loans-development-finance-incentive-effects
http://hdl.handle.net/10986/11230

Internet

http://documents.worldbank.org/curated/en/2005/03/6040022/grants-or-loans-development-finance-incentive-effects
http://hdl.handle.net/10986/11230

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