In 2005, the UN Millennium Project recommended a doubling of aid flows worldwide from their recent levels of $60 billion per year. The Commission for Africa called for a doubling of aid to Africa over the next three to five years, and the Gleneagles G8 summit committed the major donors to achieving this target. But the impact of such increases in aid on world poverty will depend crucially on how they are spent. If a doubling of aid leads to a doubling of donor projects, missions, and bureaucracy, developing country administrations will collapse under the strain. But if it leads to a doubling of partner governments' own spending on infrastructure, education, health, HIV/AIDS, and social safety nets, we can be optimistic about achieving the MDGs.
|Number of pages||3|
|Specialist publication||Finance and Development|
|Publication status||Published - Sep 2005|