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International Financial Institutions And International Public Goods: Operational Implications For The World Bank

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  • Ravi KANBUR

Abstract

The global International Financial Institutions (IFIs) increasingly justify their operations in terms of the provision of International Public Goods (IPGs). This is partly because there appears to be support among the rich countries of the North for expenditures on these IPGs, in contrast to the "aid fatigue" that afflicts the channelling of country specific assistance. But do the IFIs necessarily have to be involved in the provision of IPGs? If they do, what are the terms and conditions of that engagement? How does current practice compare to the ideal? And what reforms are needed to move us closer to the ideal? These are the questions that this paper attempts to ask, in the framework of the theory of International Public Goods, and in light of the practice of International Financial Institutions, the World Bank in particular. For the World Bank, a series of specific operational and resource reallocation implications are drawn from the reasoning.

Suggested Citation

  • Ravi KANBUR, 2002. "International Financial Institutions And International Public Goods: Operational Implications For The World Bank," G-24 Discussion Papers 19, United Nations Conference on Trade and Development.
    • Handle: RePEc:unc:g24pap:19
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    References listed on IDEAS

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    1. Finn Tarp, 2006. "Aid and Development," Discussion Papers 06-12, University of Copenhagen. Department of Economics.
    2. David Dollar & Craig Burnside, 2000. "Aid, Policies, and Growth," American Economic Review, American Economic Association, vol. 90(4), pages 847-868, September.
    3. Kanbur, Ravi & Sandler, Todd & Morrison, Kevin, 1999. "The Future of Development Assistance: Common Pools and International Public Goods," Staff General Research Papers Archive 1629, Iowa State University, Department of Economics.
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    7. Jayaraman, Rajshri & Kanbur, Ravi, 1999. "International Public Goods and the Case for Foreign Aid," Working Papers 127684, Cornell University, Department of Applied Economics and Management.
    8. Kanbur, Ravi, 2001. "Cross-Border Externalities, International Public Goods and Their Implications for Aid Agencies," Working Papers 127364, Cornell University, Department of Applied Economics and Management.
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    Cited by:

    1. Christopher Kilby & Carolyn McWhirter, 2022. "The World Bank COVID-19 response: Politics as usual?," The Review of International Organizations, Springer, vol. 17(3), pages 627-656, July.

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