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...

Is generalized debt relief an effective development strategy, or should assistance be tailored to countries' characteristics? To answer this question, the authors build a simple model in which recipient governments reveal their creditworthiness if donors offer them to choose between aid and debt...