Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/211234
Authors: 
Winters, Matthew S.
Year of Publication: 
2019
Series/Report no.: 
WIDER Working Paper No. 2019/6
Abstract: 
The total funding envelope for World Bank projects is often divided among various state and non-state actors, each of which can have competing ideas about or interests in the project. How does the division of financing relate to overall project effectiveness? I argue that too many funding streams in a project can reduce project effectiveness by creating delays, increasing transaction costs, and blurring lines of accountability. I combine original data on the number and concentration of financial collaborators in World Bank projects with the World Bank's ratings of project performance, looking at within-country variation across projects to explore whether there is evidence of reduced aid effectiveness in projects with more participants. The results suggest that projects with significant co-financing receive somewhat worse project ratings.
Subjects: 
aid effectiveness
co-financing
foreign aid
World Bank
JEL: 
F33
F34
F35
O12
O19
Persistent Identifier of the first edition: 
ISBN: 
978-92-9256-640-1
Document Type: 
Working Paper

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