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Public financial flows to developing countries serve a multitude of purposes, the growing number of which has led over time to an incoherent institutional landscape of international financing. Institutional fragmentation has profound consequences for the effectiveness of policies. Starting from...
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financial institutions (IFIs). For multilateral development banks like the World Bank, their central mission, the promotion of … growth and the reduction of poverty, is clear. The steps toward fulfilling this mission in a changing world are also … our thinking both on why we have IFIs in the first place, and the role that they should play in a changing world. …
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