The World Bank COVID-19 Response: Politics as Usual?

Christopher Kilby and Carolyn McWhirter
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Carolyn McWhirter: Villanova University

No 46, Villanova School of Business Department of Economics and Statistics Working Paper Series from Villanova School of Business Department of Economics and Statistics

Abstract: Have geopolitics influenced World Bank COVID-19 lending? Analyzing World Bank lending from April 1, 2020 (the start of COVID-19 lending) to June 30, 2020, we find countries that hold a politically important nonpermanent seat on the UN Security Council received larger regular World Bank loans and countries that align with the US on important UN General Assembly votes received more World Bank regular loans (and hence more funding). However, these geopolitical variables are not significant factors in determining COVID-19 funding. In contrast to ordinary business, the World Bank appears to have kept politics out of its initial pandemic response.

Keywords: COVID-19; pandemic; World Bank; foreign aid; geopolitics (search for similar items in EconPapers)
JEL-codes: F35 F53 F55 O19 (search for similar items in EconPapers)
Date: 2020-07
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http://repec.library.villanova.edu/workingpapers/VSBEcon46.pdf (application/pdf)

Related works:
Journal Article: The World Bank COVID-19 response: Politics as usual? (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:vil:papers:46

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