"Aid is expected to promote better living standards by raising investment and growth. But aid may also affect institutions directly. In theory, these effects may or may not work in the same direction as those on investment. The authors examine the effect of aid on economic institutions and find...

"The authors examine the empirical evidence in support of the poverty trap view of underdevelopment. They calibrate simple aggregate growth models in which poverty traps can arise due to either low saving or low technology at low levels of development. They then use these models to assess the...

Afghanistan's reconstruction has made considerable progress during the past four years. Led by the Government with international support but relying mostly on the energy and initiative of the Afghan people, reconstruction has resulted in solid achievements -- rapid economic growth, unprecedented...

This evaluation provides an early-stage assessment of the Sustainable Development Finance Policy (SDFP) of the International Development Association (IDA), which went into effect July 1, 2020. A steep rise in debt vulnerabilities in IDA-eligible countries over the past decade highlighted...