In this paper we investigate how country shareholding arrangements affect the lending of multilateral development banks (MDBs) under different economic conditions and over time. To do so, we consider three different “types” of MDBs - one dominated by non-borrowers (the World Bank), another...

This paper proposes a theory on the interference of World Bank and IMF programs with domestic politics by changing the prevailing power balance between pro-democratic and anti-democratic forces. However, World Bank and IMF programs differ in design and impact. Thus, the question arises whether...

In Malawi, informal off-farm labour (ganyu) has often been described as a survival strategy which eventually drives poor rural households into even further destitution. Based on data from the Second Integrated Household Survey for 2004, we estimate the determinants of the decision to supply...

During the last few decades, general awareness has increased that along with problems of international development, environmental problems, notably with respect to climate change, represent yet another global challenge. In an attempt to win further public support for aid expenditures, aid...

Through the principle of country ownership including broad-based participation, Poverty Reduction Strategies (PRS) introduced by the World Bank and the IMF as a new condition for aid at the turn of the century have a non-negligible potential to promote democratization in developing countries. In...