Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/2751
Authors: 
Nunnenkamp, Peter
Year of Publication: 
2002
Series/Report no.: 
Kiel Working Paper 1103
Abstract: 
In a report presented at the UN Conference on Financing for Development in March 2002, the World Bank claims that the effectiveness of its financial aid has improved substantially by targeting aid at poor developing countries pursuing sound economic policies. However, the World Bank's success story rests on an extremely weak foundation: First, the institution's contribution to financial rescue packages for some emerging markets, rather than poverty concerns and policy assessments, dominated the distribution of World Bank financing. Second, the picture portrayed in the report takes a bad turn if only two outliers with extremely high per capita aid (Cape Verde and Honduras) are excluded from the sample. Third, according to our regression results, the allocation of World Bank aid did not improve in the course of the 1990s.
Subjects: 
World Bank
International Development Association
financial aid
JEL: 
F35
Document Type: 
Working Paper

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