Although since 1974, under pressure of the new trends in the world economy, public financing began gradually to lose its relative importance for Latin American countries, there seems to persist an obvious demand for bodies such as the Inter-American Development Bank. In the author's view, the...

This study evaluates the absorptive capacity of a government agency for domestic and external funds. It takes the case of the Department of Public Works and Highways (DPWH), one of the biggest recipients of funds from government and foreign sources. Specifically, the paper a) provides an...