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Responsible financing or unwarranted interventions : fiduciary obligations in loan and aid contracts between donors, client states and citizens
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Tan, Celine (2006) Responsible financing or unwarranted interventions : fiduciary obligations in loan and aid contracts between donors, client states and citizens. Discussion Paper. EURODAD. European Network on Debt and Development (Eurodad) .
An open access version can be found in:
Official URL: http://www.eurodad.org/
Abstract
This briefing aims to clarify the notion of fiduciary responsibility in development financing and unpack the complex box of fiduciary conditions associated with development loans, grant aid and debt relief agreements. Towards this end, this briefing draws on data from a review of existing academic and institutional literature on the subject as well as an examination of the operational policies of main financing institutions, with specific reference to the financing instruments of the World Bank and the International Monetary Fund (IMF). This briefing aims to serve as a background paper for discussions on the issues of fiduciary conditions in international sovereign lending from public institutions and forwards some issues to consider in and proposals for the design of fiduciary conditions in such financing agreements.
The issue of fiduciary responsibility in development financing has been gaining importance in the discourses on aid and development lending of late. The recent international focus on increases in official development aid (ODA) for poverty reduction and humanitarian crises and debt relief for developing countries have resulted in greater attention being paid to the issues such as transparency, accountability and legitimacy in the processes of aid allocation and in the contracting of development loans.
| Item Type: | Working or Discussion Paper (Discussion Paper) | ||||
|---|---|---|---|---|---|
| Divisions: | Faculty of Social Sciences > School of Law | ||||
| Series Name: | European Network on Debt and Development (Eurodad) | ||||
| Publisher: | EURODAD | ||||
| Official Date: | 2006 | ||||
| Dates: |
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| Status: | Peer Reviewed | ||||
| Publication Status: | Published | ||||
| Access rights to Published version: | Open Access | ||||
| Open Access Version: |
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