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Are “New” Donors Challenging World Bank Conditionality?

Hernandez, Diego

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Abstract

This paper investigates whether World Bank conditionality is affected by the presence of “new” donors by using panel data for 54 African countries over the 1980 to 2013 period. Empirical results indicate that the World Bank delivers loans with significantly fewer conditions to recipient countries which are assisted by China. Less stringent conditionality is also observed in better off borrowers that are in addition funded by Kuwait and the United Arab Emirates, but this effect vanishes after the start of the new millennium. In contrast, World Bank conditionality is rarely affected by aid inflows from DAC donors, and when it is, conditionality is revised upwards. These findings suggest that new donors might be perceived as an attractive financial option to which the World Bank reacts by offering credits less restrictively in order to remain competitive in the loan-giving market.

Dokumententyp: Arbeitspapier
Name der Reihe: Discussion Paper Series, University of Heidelberg, Department of Economics
Band: 0601
Ort der Veröffentlichung: Heidelberg
Erstellungsdatum: 02 Okt. 2015 07:56
Erscheinungsjahr: September 2015
Seitenanzahl: 42
Institute/Einrichtungen: Fakultät für Wirtschafts- und Sozialwissenschaften > Alfred-Weber Institut
DDC-Sachgruppe: 330 Wirtschaft
Freie Schlagwörter: World Bank, Conditionality, New Donors
Schriftenreihe: Discussion Paper Series / University of Heidelberg, Department of Economics
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