This paper analyses the financial performance of the African Development Bank. A two-pronged approach is applied. Firstly, we conduct a discussion of the role of development banks and the difficulties of finding an appropriate measure with which to assess their performance. Secondly, we develop...

The regional allocation of aid within recipient countries has been largely ignored in the aid allocation literature. We use geocoded data on the location of aid projects financed by the World Bank and the African Development Bank within a sample of 27 recipient countries to assess the claim of...