Why Do Development Finance Institutions Use Offshore Financial Centres?
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2017/10 – Overseas Development Institute (ODI); research paper; Author(s): Paddy Carter
Taxation is at the centre of global development policy. It is widely recognised that a major improvement in the ability of developing countries to raise tax revenues will be necessary, if not sufficient, to achieve the Sustainable Development Goals. At the same time, the tide of public opinion in Organisation for Economic Co-operation and Development countries continues to turn against tax evaders, and governments are introducing new legislation to crack down on tax evasion and avoidance, and increase transparency. The role that offshore financial centres (OFCs) can play in enabling tax evasion and avoidance is widely recognised, and it is easy to see why they attract such condemnation.
This report is concerned with the pragmatic consequences of the use of OFCs by Development Finance Institutions (DFIs) from a development perspective.
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Dualism, Poverty Exits and Growth Accelerations
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2017/07 – Foundation pour les Etudes et Recherches sur le Développement International (FERDI); FERDI Working paper P197; Author(s): Ngoc-Sang Pham, Thi Kim Cuong Pham
This paper introduces a theoretical framework for studying the effectiveness of aid for a recipient country, receiving aid to finance its public investment. It contributes to the debate on the nexus between aid and economic growth and in particular on the conditionality of aid effects. Focusing on autonomous technology, government effort, corruption in the use of aid, fixed cost and efficiency in public investment, we can distinguish 4 levels of circumstances following which, the same aid flows may have very different effects. Given donor’s rules, we determine conditions under which the foreign aid can generate economic growth in the long run for the recipient. We also discuss the conditions leading to an economic take-off and an escape from the poverty trap. Analyses of the dynamics of capital also give conditions for a convergence towards a middle income trap or endogenous fluctuations around it.
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Confronting the Contradiction – An Exploration Into the Dual Purpose of Accountability and Learning in Aid Evaluation
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2017/05 – Expert Group for Aid Studies (EBA); Rapport 2017:06; Author(s): Hilde Reinertsen, Kristian Bjørkdahl and Desmond McNeill
Evaluation is a firmly rooted practice in international development cooperation. It is part and parcel of established routines in order to learn from experience and improve future undertakings. Evaluations also satisfy the need for accountability, i.e. ensuring that dedicated resources, whether they be human, financial or other, are well spent. At the same time, some argue that it is problematic for evaluation ascurrently practiced to contribute to both learning and accountability. In this EBA report three researchers from the Centre for Development and Environmentat the University of Oslo, Hilde Reinertsen,Kristian Bjørkdahl and Desmond McNeill have explored the dual nature of aid evaluation.
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New Research on Aid Effectiveness
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