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economic growth (i.e. that aid is more effective in countries which are more vulnerable to external shocks). Recently an … may involve some volatility in aid flows, which then is not necessarily negative for growth. In this paper the authors … to which aid can respond, they consider the effect of aid on income volatility and again find that aid is making growth …
Persistent link: https://www.econbiz.de/10010707453
Persistent link: https://www.econbiz.de/10010707619
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 sometimes...
Persistent link: https://www.econbiz.de/10010708906
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...
Persistent link: https://www.econbiz.de/10011212045
agreement, our equality of opportunity principle takes account of structural disadvantages to growth rather than quality of past …
Persistent link: https://www.econbiz.de/10010706636
growth of the countries, the term of a set of practices under the common expression of “development aid” continued in …
Persistent link: https://www.econbiz.de/10011171599
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 provider...
Persistent link: https://www.econbiz.de/10011072101
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...
Persistent link: https://www.econbiz.de/10011072733
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. The main problem is that the Bretton Woods institutions “assess” the Poverty...
Persistent link: https://www.econbiz.de/10011073075
growth rate of the economy depending on a threshold share of aid accruing to the elders. Conversely, even in this setting …
Persistent link: https://www.econbiz.de/10011073173