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http://hdl.handle.net/10419/19306
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| Titel: | The Political Economy of International Financial Institutions? Lending to Pakistan |
| Autoren: | Anwar, Mumtaz |
| Datum: | 2005 |
| Verleger: | |
| Reihe/Nr.: | HWWA Discussion Paper 338 |
| Zusammenfassung: | This paper analyzes the determinants of international financial institutions (IFIs)?s
lending decisions to Pakistan. At the example of three major IFIs, the World Bank, IMF
and ADB, this paper suggests that political economic factors, notably bureaucratic
interest of international civil servants and major shareholders? economic interest belong
to the most relevant determinants of international lending. Pooled Tobit estimation
analysis for the period ever since when these institutions established their lending
instruments to developing countries, confirm this hypothesis. Recipients? need is shown
to have some relevance as well but not as strong as bureaucratic interest. Further
analysis suggests that IDA and ADB lending is more interest oriented than lending by
the IBRD and IMF. |
| Erscheint in der Sammlung: | HWWA Discussion Paper
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