The available evidence on the effects of aid on growth is notoriously mixed. We use a novel empirical methodology, a heterogeneous panel vector-autoregression model identified through factor analysis, to study the dynamic response of exports, imports, and per capita GDP growth to a "global" aid...

The Latin American and Caribbean region is highly exposed to natural disasters. The social and economic impact of these events has been historically very significant and it is showing an increasingly growing trend. During the first quarter of 2010, this unfortunate reality was evidenced with the...

This paper focuses on the performance of IDB projects between 1996 and 2011 disbursements. We present evidence on the evolution of disbursements with respect to the available funds and the evolution of disbursements with respect to the historic disbursement curve of IDB projects. We also...

La Cooperación Sur-Sur (CSS) ha surgido con gran ímpetu en los últimos cinco años e iniciado su consolidación en América Latina y el Caribe (ALC), contribuyendo al aumento del número de actores, de instrumentos de intercambio de conocimiento y experiencias de desarrollo y a la...

This paper examines Official Development Assistance (ODA) in the aftermath of large natural disasters between 1970 and 2008. Using an event-study approach, the paper finds that while the median increase in ODA is 18 percent compared to pre-disaster flows, the typical surge is small in relation...

This paper uses simple regression techniques to make an initial assessment of the monetary damages caused by the January 12, 2010 earthquake that struck Haiti. Damages are estimated for a disaster with both 200,000 and 250,000 total dead and missing (i.e., the range of mortality that the...

This paper models incentives and information asymmetries between the different participants in multilateral development banks' decision process, namely borrowing countries, managers and the board of governors (with borrower and non-borrower members). We propose technical cooperation requirements...