What are the reasons for and the costs of Latin America's volatility? Because there is no consensus on these fundamental questions, there is no consensus on the appropriate policy response to macroeconomic volatility in Latin America, and other shock-prone countries. This paper provides new...

In a first-ever joint report by the UN, the OECD, the World Bank and the IMF, the world’s four principal development institutions assess progress towards poverty reduction goals and agree on a common vision for the way forward. The goals for international development address that most...

The Development Effectiveness of Food Aid: Does Tying Matter? provides a detailed look into two food aid issues. First, the study assesses the effectiveness of the various ways in which food aid can promote food security and poverty alleviation. Second, the study demonstrates that food aid...