Working Paper
Can fungibility of development aid lead to more effective achievement of the SDGs?
In this paper, we explore the relationship between foreign aid fungibility and aggregate welfare. Using panel data from 35 low-income and lower-middle-income countries, we first check the presence of sectoral aid fungibility in our sample and find...
Working Paper
Fungibility and the Choice of Aid Modalities
The ‘right’ choice of instruments and modalities to provide aid to developing countries in support of poverty reduction and economic development is arguably the most contested issue in the current international debate on aid effectiveness. A...
Blog
Aid fungibility, ownership and the effectiveness agenda
by
Zunera Rana
June 2023
For many people, aid fungibility is a misunderstood topic—it is mostly confused with the idea of corruption. Aid fungibility, on the other hand, is...