title: Are “New” Donors Challenging World Bank Conditionality?
creator: Hernandez, Diego 
subject: ddc-330
subject: 330 Economics
description: 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.
date: 2015-09
type: Working paper
type: info:eu-repo/semantics/workingPaper
type: NonPeerReviewed
format: application/pdf
identifier: https://archiv.ub.uni-heidelberg.de/volltextserverhttps://archiv.ub.uni-heidelberg.de/volltextserver/19552/1/hernandez_2015_dp601.pdf
identifier: DOI:10.11588/heidok.00019552
identifier: urn:nbn:de:bsz:16-heidok-195529
identifier:   Hernandez, Diego   (2015) Are “New” Donors Challenging World Bank Conditionality?  [Working paper]     
relation: https://archiv.ub.uni-heidelberg.de/volltextserver/19552/
rights: info:eu-repo/semantics/openAccess
rights: http://archiv.ub.uni-heidelberg.de/volltextserver/help/license_urhg.html
language: eng