“Corruption” in Development Grants and Aids: An Impediment to Sustainable Development Initiatives

Abstract

“Development” is a human-centric concept and so is “corruption”. A cursory glance at the neo-liberal world order reinforces the simultaneity of these two almost undeniably linked concepts. Focus on corruption as a development issue is not an isolated trend. Rather, it is part of a general shift in development thinking. In any system, corruption is related to political and economic development. Studies have documented the fact that the corruption in any society is the materialization of relationships between the state and the society as in: the role state plays, the manner of working of political systems, the existing development model, its potential future trail and also the type of global policies it adopts for development. The present paper, in one hand, analyzes the importance and relevance of grants and aids provided by the International Finance Institutions (IFIs) in smoothing development initiatives especially in the developing world. On the other hand, it also underlines the trends of corruption in such grants and aids programme and the pernicious impacts such corruption can cause in creating obstacles and interventions for developmental activities in the developing economies.