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The Annual Review of Development Effectiveness (ARDE) 2003, examines the effectiveness of Bank support to borrower … twice the rate of those that did not. Evaluation evidence links Bank support to recent improvements in policy. At the … project level, good country policy ratings tend to be associated with good evaluation ratings on project outcomes. The Bank …
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This paper surveys the theoretical and empirical literature on the role of state-owned banks and also presents some new results and a robustness analysis. The paper shows that state-owned banks located in developing countries have fiscal costs because they are characterized by lower returns than...
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