In the face of continuing financial and economic crises in Europe, the European Investment Bank (EIB) has been criticized for being overly-conservative in its loans to Europe. Critics in particular have called on the EIB to vastly increase its investment in utilities as a counter-cyclical...

This study uses loan-level data on syndicated lending to a large sample of developing countries between 1993 and 2017 to estimate the mobilization effects of multilateral development banks (MDBs), that is, their ability to crowd-in capital from private creditors. Controlling for a large set of...

Has the World Bank's dramatic expansion of aid to countries devastated by civil conflict met its stated goals of speeding economic recovery and decreasing the probability of conflict recidivism? Our answer marries previous research into the politics of civil conflict with an understanding of the...

Within the sphere of multilateral development banks' (MDB) dispute settlement, the accountability system is one stellar important development. It is essentially MDBs' legal efforts to address complaints made by people adversely affected by an MDB-funded project. Such complaints arise from...

We use loan-level data on syndicated lending to a large sample of developing countries between 1993and 2017 to estimate the mobilization effects of multilateral development banks (MDBs), controllingfor a large set of fixed effects. We find evidence of positive and significant direct and...

Jacqueline Best argues that the changes in International Monetary Fund, World Bank and donor policies in the 1990s, towards what some have called the "Post-Washington Consensus", were driven by an erosion of expert authority and an increasing preoccupation with policy failure. Failures such as...