Beyond Foreign Aid: How Do African Countries Substitute Concessional Financing?

• In Event: Political and Institutional Effects of Foreign Aid and Donor Strategies

Brief Overview

This study examines how African countries adapt to the loss of concessional aid, exploring the choice of financing substitutes like taxation, private bonds, and Chinese loans, and their effects on fiscal sustainability and governance.

Authors

• Avi Ahuja, New York University

• Mengfan Cheng, New York University