An empirical assessment of informal influence in the World Bank
Recent scholarship has uncovered convincing evidence of systematic donor influence in international financial institutions (IFIs) such as the World Bank. Less clear is how donors influence IFI decisions. Possible avenues are formal and informal: formal influence through official decisions of the board of executive directors and informal influence over decisions not made at the board level. This paper explores the role of informal influence at the World Bank by examining the flow of funds after loans are approved. Controlling for commitments (loan approvals), are subsequent disbursements linked to the geopolitical interests of important donors? Since the board of executive directors is formally involved in loan approval but not in disbursement decisions, this provides an interesting case to identify the avenues of influence. The results indicate the scope of reforms needed to bolster the independence of the World Bank.
|Date of creation:||Feb 2010|
|Date of revision:|
|Contact details of provider:|| Web page: http://www.villanova.edu/business/facultyareas/economics/|
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ale Bulir & A. Javier Hamann, 2003. "Aid Volatility: An Empirical Assessment," IMF Staff Papers, Palgrave Macmillan, vol. 50(1), pages 4.
- Domenico Lombardi, 2008. "The governance of the World Bank: Lessons from the corporate sector," The Review of International Organizations, Springer, vol. 3(3), pages 287-323, September.
- Axel Dreher & Nathan Jensen, 2003.
"Independent Actor or Agent? An Empirical Analysis of the impact of US interests on IMF Conditions,"
0310004, EconWPA, revised 08 Jan 2004.
- Axel Dreher & Nathan Jensen, 2005. "Independent Actor or Agent? An Empirical Analysis of the impact of US interests on IMF Conditions," KOF Working papers 05-118, KOF Swiss Economic Institute, ETH Zurich.
- Barro, Robert J. & Lee, Jong-Wha, 2005.
"IMF programs: Who is chosen and what are the effects?,"
Journal of Monetary Economics,
Elsevier, vol. 52(7), pages 1245-1269, October.
- Robert J Barro & Jong-Wha Lee, 2003. "IMF Programs: Who Is Chosen and What Are the Effects?," Departmental Working Papers 2003-09, The Australian National University, Arndt-Corden Department of Economics.
- Robert J. Barro & Jong-Wha Lee, 2002. "IMF Programs: Who is Chosen and What Are the Effects?," NBER Working Papers 8951, National Bureau of Economic Research, Inc.
- Thomas Barnebeck Andersen & Henrik Hansen & Thomas Markussen, 2006.
"US politics and World Bank IDA-lending,"
Journal of Development Studies,
Taylor & Francis Journals, vol. 42(5), pages 772-794.
- Thomas Barnebeck Andersen & Thomas Harr & Finn Tarp, 2004.
"On US politics and IMF Lending,"
04-11, University of Copenhagen. Department of Economics.
- Christopher Kilby, 2009. "Donor influence in international financial institutions: Deciphering what alignment measures measure," Villanova School of Business Department of Economics and Statistics Working Paper Series 8, Villanova School of Business Department of Economics and Statistics.
- repec:cup:cbooks:9780521029018 is not listed on IDEAS
- Axel Dreher & Jan-Egbert Sturm & James Raymond Vreeland, 2007.
"Development Aid and International Politics: Does membership on the UN Security Council influence World Bank decisions?,"
KOF Working papers
07-171, KOF Swiss Economic Institute, ETH Zurich.
- Dreher, Axel & Sturm, Jan-Egbert & Vreeland, James Raymond, 2009. "Development aid and international politics: Does membership on the UN Security Council influence World Bank decisions?," Journal of Development Economics, Elsevier, vol. 88(1), pages 1-18, January.
- Fleck, Robert K. & Kilby, Christopher & Fleck, Robert K., 2001.
"World Bank Independence: A Model and Statistical Analysis of U.S. Influence,"
Vassar College Department of Economics Working Paper Series
53, Vassar College Department of Economics.
- Robert K. Fleck & Christopher Kilby, 2006. "World Bank Independence: A Model and Statistical Analysis of US Influence," Review of Development Economics, Wiley Blackwell, vol. 10(2), pages 224-240, 05.
- Oya Celasun & Jan Walliser, 2008. "Predictability of aid: Do fickle donors undermine aid effectiveness?," Economic Policy, CEPR;CES;MSH, vol. 23, pages 545-594, 07.
- Odedokun, Matthew, 2003. "Analysis of Deviations and Delays in Aid Disbursements," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
- Aleš Bulíř & A Javier Hamann, 2007. "Volatility of Development Aid: An Update," IMF Staff Papers, Palgrave Macmillan, vol. 54(4), pages 727-739, November.
- Dreher, Axel & Sturm, Jan-Egbert & Vreeland, James Raymond, 2009. "Global horse trading: IMF loans for votes in the United Nations Security Council," European Economic Review, Elsevier, vol. 53(7), pages 742-757, October.
- Christopher Kilby, 2006. "Donor influence in multilateral development banks: The case of the Asian Development Bank," The Review of International Organizations, Springer, vol. 1(2), pages 173-195, June.
- Kilby, Christopher, 2009. "The political economy of conditionality: An empirical analysis of World Bank loan disbursements," Journal of Development Economics, Elsevier, vol. 89(1), pages 51-61, May.
When requesting a correction, please mention this item's handle: RePEc:vil:papers:9. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher Kilby)
If references are entirely missing, you can add them using this form.