normative
Give Aid Not Loans To Developing Countries
Too much money given to developing countries comes as loans rather than aid, which distorts policy because the loans never get fully repaid; for geopolitically important but uncollectible cases like Pakistan, it would be better to give outright aid rather than perpetually rolling over loans.
normativepending
Speaker
Kenneth RogoffEvidence Quote
“But I think in general, in money we’re giving to developing countries, too much of it comes in the form of loans, and it distorts what we do because we don’t get them all repaid.”
Created: 6/13/2026, 3:28:48 AM
My Notes
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