Development effectiveness at the country level

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Abstract: "While we know a lot about how countries become prosperous, we have only begun to understand how aid contributes to economic growth and poverty reduction. The development record is mixed and no robust association between the volume of aid and development performance has been unearthed. Cross country regressions do not throw much light on the reality of aid. The novel mix of qualitative and quantitative methods fashioned by independent evaluators is more informative regarding aid effectiveness both at project level and at country level. A new brand of country assistance evaluations demonstrates that success at project level matters even if it does not always translate into success at country level - the 'micro-macro paradox'. Well managed aid works when it uses instruments that are tailored to specific country contexts. Budget support mechanisms and program aid instruments have a role to play in some circumstances. Projects are the aid vehicles of choice in others. The popular notio