As is now well documented, aid is given for both political as well as economic reasons. The conventional wisdom is that politically-motivated aid is less effective in promoting developmental objectives. We examine the ex-post performance ratings of World Bank projects and generally find that...

Recommended readings (Machine generated): 1. Buhong Zheng (1993), 'An Axiomatic Characterization of the Watts Poverty Index', Economic Letters, 42 (1), 81-86 -- 2. Amartya Sen (1976), 'Poverty: An Ordinal Approach to Measurement', Econometrica, 44 (2), March, 219-31 -- 3. James Foster, Joel...