Arbeitspapier

Shooting the messenger of good news: a critical look at the World Bank's success story of effective aid

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.

Language
Englisch

Bibliographic citation
Series: Kiel Working Paper ; No. 1103

Classification
Wirtschaft
Foreign Aid
Subject
World Bank
International Development Association
financial aid
Entwicklungsfinanzierung
Entwicklungshilfe
Armutspolitik
Wirtschaftspolitische Wirkungsanalyse
Kritik
Welt
Entwicklungsländer

Event
Geistige Schöpfung
(who)
Nunnenkamp, Peter
Event
Veröffentlichung
(who)
Kiel Institute of World Economics (IfW)
(where)
Kiel
(when)
2002

Handle
Last update
10.03.2025, 11:41 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Nunnenkamp, Peter
  • Kiel Institute of World Economics (IfW)

Time of origin

  • 2002

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