This paper extends and applies principal-agent theory to the performance of donor projects. There is variation in the degree of divergence between the interests of the donor (the principal) and the recipient government (the agent). Further, the effort expended on observation of the agent is a...

(english) In this paper we use a simple standard overlapping-generation model to assess the impact of foreign aid. Because of deference to the elders, donors are not able to modify the sharing out of aid between the old and the young in the recipient economy. The model shows that, if aid is...

(english) After debt cancellations, in particular MDRI (Multilateral Debt Relief Initiative) debt ratios in Low Income Country dropped to historic lows. They are now getting into debt again, because of Bretton Woods Institutions (BWI) new loans, of emerging countries’ (namely China) loans, and...

(english) Vietnam is a very important country for the World Bank. It is the first recipient of IDA credits. It is also presented by the Bank as a model country for development success, especially in terms of poverty reduction. At the same time, the Bank is very active in Vietnam: it is the first...

(english) The ownership of the development policies is the very basis of the new international consensus formulated in the Paris Declaration (2005). The theoretical foundations of this approach remain somehow unclear, and we can hardly consider that PRSPs are really “owned” by the recipient...

This paper analyzes the respective impact of aid, remittances and medical brain drain on child mortality using panel and cross-country quintile-level data on respectively 84 and 46 developing countries. Our results show that remittances reduce child mortality and that the impact of health aid is...

We propose an econometric analysis of the distributive impact of trade flows, foreign direct investment (FDI), official aid and migrants’ remittances. Results suggest that FDI increases inequality, while remittances tend to reduce inequality. Trade and aid have a non-linear relationship with...

(english) We build and implement a normative procedure to allocate international aid based on equality of opportunity concerning the risk of poverty. This is an alternative to Collier and Dollar’s proposal (2001) which stresses the impact of aid on worldwide poverty reduction. The big problem...

UNDP Round Tables have been traditionally used to facilitate the dialogue between recipient governments, chiefly in the least developed countries (LDCs), and their main donors. In this document, written for UNDP as part of an evaluation of its Round Table process, we investigate the...

This paper studies interactions between aid and three other major North-South flows : international trade, FDI and migrations. It mainly focuses on the question of whether aid is allocated to countries that are benefiting from the other flows considered here or the reverse. It appears that aid...