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Do IMF and World Bank influence voting in the UN general assembly?

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Abstract

Using panel data for 188 countries over the period 1970-2002 this paper empirically analyzes the influence of the IMF and the World Bank on voting patterns in the UN General Assembly. Countries receiving adjustment programs and larger non-concessional loans from the World Bank vote more frequently in line with the average G7 country. The same is true for countries obtaining non-concessional IMF programs. Regarding voting coincidence with the US, World Bank (concessional and non-concessional) loans have a significant impact, while the IMF has not. These results are robust to the inclusion of control variables and method of estimation.

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  • Axel Dreher & Jan-Egbert Sturm, 2006. "Do IMF and World Bank influence voting in the UN general assembly?," KOF Working papers 06-137, KOF Swiss Economic Institute, ETH Zurich.
  • Handle: RePEc:kof:wpskof:06-137
    DOI: 10.3929/ethz-a-005187413
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    Keywords

    IMF; World Bank; UN General Assembly; Voting; Aid;

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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