Abstract

Most developing countries grew at impressive rates during the first five years of this Century, managing to pull millions of people out of poverty. But now their perspectives are bleak: by the end of the year, the number of poor people can increase by more than 100 million. In the last seven years, a range of new financing mechanisms have been launched. The time has come to take stock of this wealth of experiences and to look in more detail at their impact on the global aid architecture and on countries’ strategies, priorities and systems.