With intellectual rigour, the Handbook of Aid and Development not only critically examines the relationship between aid and development, but also discusses recent trends within the field and judiciously considers its future prospects. Bringing together unique perspectives from across the globe, this Handbook features contributions from an array of eminent scholars who assess the controversies surrounding aid and development stemming from the effects of aid in donor and recipient countries. Chapters include timely discussions relating to aid in fragile states, conditionality, elite capture of aid, and the dilemma that aid is most effective where it is least needed (and vice-versa). Recent data are used to explore new players, instruments, and issues in the field such as climate change, and the Handbook highlights the need for more innovation and experimentation in the future. This incisive Handbook will be essential for policy-oriented scholars, researchers, and students in economics and finance, political science, development studies, international affairs, and public policy. Policymakers and their technical advisors who wish to be informed about recent developments in the field will similarly find this to be an indispensable read.