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Mobilization Effects of Multilateral Development Banks
Broccolini, Chiara - 2020
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
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How Does the World Bank Influence the Development Policy Priorities of Low-Income and Lower-Middle Income Countries?
Knack, Stephen - 2020
This study investigates the World Bank's use of lending and non-lending instruments to affect the policy priorities of … developing countries. In a typical year, the World Bank lends more than $30 billion to its client countries. It also spends … countries has made it difficult for policymakers and scholars to understand which World Bank instruments are most useful for …
Persistent link: https://www.econbiz.de/10012835417
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Elite Capture of Foreign Aid : Evidence from Offshore Bank Accounts
Andersen, Jørgen Juel - 2020
Do elites capture foreign aid? This paper documents that aid disbursements to highly aid-dependent countries coincide with sharp increases in bank deposits in offshore financial centers known for bank secrecy and private wealth management, but not in other financial centers. The estimates are...
Persistent link: https://www.econbiz.de/10012841192
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Better Policies from Policy-Selective Aid?
Annen, Kurt - 2019
countries an incentive to improve policies. The paper estimates that a change in the World Banks Country Policy and …
Persistent link: https://www.econbiz.de/10012865492
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Developing Public-Private Partnership Initiatives in the Middle East and North Africa : From Public Debt to Maximizing Finance for Development
Arezki, Rabah - 2019
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
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On the Delegation of Aid Implementation to Multilateral Agencies
Annen, Kurt - 2017
other donors to be policy selective. The World Bank?s aid program for lower-income countries, the International Development …
Persistent link: https://www.econbiz.de/10012970782
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Do Capital Inflows Boost Growth in Developing Countries? Evidence from Sub-Saharan Africa
Calderón, César - 2017
This paper examines whether domestic output growth helps attract capital inflows and, in turn, capital inflows help boost output growth in a set of 38 Sub-Saharan African countries. Using a two-step approach to address reverse causality and omitted variable issues, the paper finds that output...
Persistent link: https://www.econbiz.de/10012971630
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Correlates of Success in World Bank Development Policy Lending
Moll, Peter G. - 2017
This paper examines the correlates of success of development policy lending operations of the World Bank between 2004 … the World Bank's Independent Evaluation Group. Departing from the related literature, the paper focuses mostly on … Policy" department of the World Bank, also increase the chance of success. Conversely, a weaker set of supported reforms in …
Persistent link: https://www.econbiz.de/10012972006
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Aid is Good for the Poor
Hirano, Yumeka - 2017
Aid is good for the poor. This paper uses detailed aid data spanning 60 developing countries over the past two decades to show that social aid significantly and directly benefits the poorest in society, while economic aid increases the income of the poor through growth. This new and unequivocal...
Persistent link: https://www.econbiz.de/10012972919
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How Should Donors Respond to Resource Windfalls in Poor Countries? From Aid to Insurance
Dobronogov, Anton - 2017
Natural resources are being discovered in more countries, both rich and poor. Many of the new and aspiring resource exporters are low-income countries that are still receiving substantial levels of foreign aid. Resource discoveries open up enormous opportunities, but also expose producing...
Persistent link: https://www.econbiz.de/10012973047