This study explores whether IMF-supported programs in low-income countries (LICs) catalyze Official Development Assistance (ODA). Based on a comprehensive set of ODA measures and using Propensity Score Matching approach to address selection bias, we show that programs addressing policy or...

This paper shows that donors that maximize relative aid impact spread their budgets across many recipient countries in a unique Nash equilibrium, explaining aid fragmentation. This equilibrium may be inefficient even without fixed costs, and the inefficiency increases in the equality of donors'...

Jim Yong Kim, President of the World Bank Group, spoke about the forces in the world that are making us fundamentally rethink the approach to development at the World Bank Group. He described three paths. The first path is to accelerate inclusive and sustainable economic growth, by laying the...

Jim Yong Kim, President of the World Bank Group, discussed the following topics. The Bank is helping many manage the humanitarian and development challenge. The Bank supports the global knowledge partnership on migration and development (KNOMAD), which helps countries develop evidence-based...

The Global Monitoring Report 2015/2016: Development Goals in an Era of Demographic Change details the progress toward the global development goals and examines the impact of demographic change on achieving these goals. Part I examines global development progress, the unfinished development...

This paper examines the correlates of success of development policy lending operations of the World Bank between 2004 and 2012. The paper uses a data set constructed of individual loan characteristics and ex-post loan ratings produced by the World Bank's Independent Evaluation Group. Departing...

Botswana has been one of the most successful countries in the developing world over the last 40 years by many measures. Incomes have grown at a sustained pace, poverty has fallen, and the citizenry has become more educated. To be sure, poverty and income inequalities remain a problem, but rising...

Capacity development is one of the IMF's core activities. Its impact is monitored through a Results-Based Management framework. Using for the first time the resulting dataset, the paper investigates how the likelihood of achieving targeted outcomes correlates with macroeconomic conditions and...