"Donor agencies were trying to find ways to make cash disbursements to refugees," says Masiyiwa.
But while the new bail-out may end up bigger than the old, it will not necessarily lead to the quick disbursements that Ukraine desperately needs.For that reason Ukrainian officials were forced into a volte-face on the question of debt restructuring.
That agency, which last year staved off economic collapse in Turkey with pledges of huge loans, says it will freeze further disbursements until after the elections.In this section The coalition labours and brings forth not very much Rearming Try again Kuchma weaker, but still boss The voters who didn't vote Do you want us or do you not?
Poor countries would like to see the amount doubled, and disbursements made less agonising.
The Global Fund closed its latest round of funding applications this week but much of the money committed remains unused (see chart).Officials at the fund insist that all is fine: disbursements always lag commitments and money can be released only if it will be spent effectively.
He and other scholars have argued that large disbursements are subject to the law of diminishing returns.
Altogether euro-area governments have made commitments approaching €200 billion the same as to Greece but actual disbursements have been less than half that.
Still more depressingly, rows between finance and health ministries over who should accept money from the Global Fund have slowed disbursements.
Mario Draghi, head of the ECB, has made it clear that such a concession would be possible only if a "credible perspective" for a "strong" agreement allowing disbursements of funds has been reached.Today's decision by creditors calls time on the negotiations.
Alas, Canada's performance and reputation as a leading aid donor without special political interests has slipped during the 1990s.Canada's aid disbursements peaked, in volume terms, in 1991-92, at C$3.2 billion ($2.8 billion at the time).
IMF disbursements have also been suspended for ten months as negotiations on a new IMF programme have dragged on.If the World Bank loan isn't repaid within 30 days of the due date, no new loans will be forthcoming and there can be no interest-rate reductions on existing loans; if the government remains in default for 60 days, all disbursements of existing loans will stop as well.
