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'...

The World Bank's health sector projects in Timor-Leste - the Health Sector Rehabilitation and Development Project and the Second Health Sector Rehabilitation and Development Project - have been among the few successful operations it has funded in that country. This paper examines the factors...

This study focuses on the determinants of bilateral and multilateral aid given to developing countries. We try to model the allocation process of different types of foreign aid and derive testable hypotheses using the public choice framework. The decisive motives are identified by explicitly...

The paper assesses the multilateral development financing system in the light of the replenishments of three key funds in 2013. It argues that the replenishments showed strong continuing support for each institution, but identifies challenges emerging from the reliance on traditional donors and...