Showing 1 - 10 of 480
This study uses loan-level data on syndicated lending to a large sample of developing countries between 1993 and 2017 to estimate the mobilization effects of multilateral development banks (MDBs), that is, their ability to crowd-in capital from private creditors. Controlling for a large set of...
Persistent link: https://www.econbiz.de/10012840715
This paper argues for a novel approach to financing infrastructure needs in Arab countries. It first describes the context of rising public debt in the region, contrasting it with the vast infrastructure needs. It then discusses the challenges in meeting these needs with traditional financing....
Persistent link: https://www.econbiz.de/10012869701
developmental goods like aid, credit, or technology transfer to the poor. The paper considers a situation where credible …
Persistent link: https://www.econbiz.de/10012971491
The World Bank Group recently adopted the "cascade framework" to "maximize finance for development." The cascade recommends that reforms be tried first, followed by subsidies, and then public investments. To understand the economics of the cascade, this paper presents a model where reforms,...
Persistent link: https://www.econbiz.de/10012928891
do, generating disproportionate impact in terms of development and stability. But pioneer firms are rare in fragile …
Persistent link: https://www.econbiz.de/10012889910
Sovereign wealth funds represent a large and growing pool of savings. An increasing number of these funds are owned by natural resource?exporting countries and have a variety of objectives, including intergenerational equity and macroeconomic stabilization. Traditionally, these funds have...
Persistent link: https://www.econbiz.de/10012973511
This paper provides an overview of the history of development research at the World Bank and points to new future directions in both what we research and how we research. Six main messages emerge. First, research and data have long been essential elements of the Bank's country programs and its...
Persistent link: https://www.econbiz.de/10012976352
Over the past decade, donors of foreign aid quadrupled their annual contributions to trust funds at the World Bank … alignment of trust funds with the performance-based allocations of aid by the International Development Association, the World … Bank's concessional lending arm, and raises the question of the role of this new "multi-bi" aid channel. This study finds …
Persistent link: https://www.econbiz.de/10012968729
This paper analyzes the impact of donor fragmentation on the quality of government bureaucracy in aid-recipient nations …-country empirical tests using an index of bureaucratic quality available for aid-recipient nations over the 1982-2001 period. Declines … a small share of aid), and with smaller shares of aid coming from multilateral agencies, a proxy for donor quot;altruism.quot …
Persistent link: https://www.econbiz.de/10012746896
There are significant weaknesses in some of the traditional justifications for assuming that aid will foster … development. This paper looks at what the cross-country aid effectiveness literature and World Bank Operations Evaluation … Department reviews have suggested about effective aid, first in terms of promoting income growth, and then for promoting other …
Persistent link: https://www.econbiz.de/10012747979