Aid Isn’t Fairy Dust is a CGD note. Long-term changes and the lessons of the past decade suggest rhetoric around what aid can accomplish needs to be dialed down. It is largely macroeconomically irrelevant in middle-income countries and has a weak record in leveraging or crowding in other resources. But aid still has a vital role to play in the poorest countries, and this is where we should spend it.
Charles Kenny
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Charles Kenny writes about global development — what’s working, what isn’t, and how the world can do better. An economist who spent fifteen years at the World Bank, he is now a senior fellow at the Center for Global Development in Washington, DC.
Charles Kenny 
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