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Book Title: International Economic Law, Globalization and Developing Countries
Editor(s): Faundez, Julio; Tan, Celine
Publisher: Edward Elgar Publishing
ISBN (hard cover): 9781848441132
Section: Chapter 6
Section Title: The New Disciplinary Framework: Conditionality, New Aid Architecture and Global Economic Governance
Author(s): Tan, Celine
Number of pages: 26
Extract:
6. The new disciplinary framework:
conditionality, new aid architecture
and global economic governance*
Celine Tan**
1. INTRODUCTION
`Country ownership', `partnership' and `participation' are key pillars of
what has become increasingly referred to as the `new aid architecture'.
This prioritisation of `country-owned' development strategies in the nego-
tiations for development financing including engendering a broad-based
participatory policymaking process signifies part of a wider concep-
tual shift in development policy and practice that has been taking place
since the late 1990s. Catalysed primarily by the inception of the Poverty
Reduction Strategy Paper (PRSP) framework, introduced in 1999 as
preconditions for debt relief under the enhanced Heavily Indebted Poor
Countries (HIPC) initiative and for concessional financing from the World
Bank and the International Monetary Fund (IMF), this new blueprint for
official development assistance (ODA) claims to move away from the pre-
scriptive legacy of conditionality which has traditionally characterised the
relationship between parties to such financing.
In this respect, the principles underpinning the new aid architecture1
are regarded as the opposite of the doctrine of `conditionality', operating
as a conceptually and operationally divergent framework for regulat-
* This chapter is drawn from the author's book, Governance through
Development: Poverty Reduction Strategies, International Law and the Disciplining
of Third World States (2010), London: Routledge.
** Lecturer in Law, Birmingham Law School, University of Birmingham,
Birmingham, UK.
1 The term `aid architecture' is conventionally understood as `the set of rules
and institutions governing aid flows to developing countries' (IDA, 2007: para. 3).
The terms ` ...
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URL: http://www.austlii.edu.au/au/journals/ELECD/2010/630.html