Targeting Aid: What the World Bank Has (Not) Achieved

Peter Nunnenkamp

East Asian Economic Review, 2002, vol. 6, issue 1, 87-111

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. This paper argues that the World Bank's success story rests on a weak empirical foundation. The evidence does not support the view that poverty concerns and policy assessments dominated the distribution of World Bank financing in the 1990s. We conclude that the task of improving the allocation of aid is far from being accomplished. Finally, we discuss some implications of our findings for the future role of the World Bank in development financing.

Keywords: Financial Aid; World Bank; International Development Association (search for similar items in EconPapers)
JEL-codes: F35 F53 (search for similar items in EconPapers)
Date: 2002
References: Add references at CitEc
Citations:

Downloads: (external link)
http://dx.doi.org/10.11644/KIEP.JEAI.2002.6.1.91 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:eaerev:0231

Access Statistics for this article

East Asian Economic Review is currently edited by JE Lee

More articles in East Asian Economic Review from Korea Institute for International Economic Policy [30147] 3rd Floor Building C Sejong National Research Complex 370 Sicheong-daero Sejong-si, Korea. Contact information at EDIRC.
Bibliographic data for series maintained by JE Lee ().