eprintid: 19552
rev_number: 27
eprint_status: archive
userid: 2744
dir: disk0/00/01/95/52
datestamp: 2015-10-02 07:56:21
lastmod: 2016-01-07 12:56:20
status_changed: 2015-10-02 07:56:21
type: workingPaper
metadata_visibility: show
creators_name: Hernandez, Diego 
title: Are “New” Donors Challenging World Bank Conditionality?
subjects: ddc-330
divisions: i-181000
keywords: World Bank, Conditionality, New Donors
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.
date: 2015-09
id_scheme: DOI
id_number: 10.11588/heidok.00019552
schriftenreihe_cluster_id: sr-3
schriftenreihe_order: 0601
ppn_swb: 1658168771
own_urn: urn:nbn:de:bsz:16-heidok-195529
language: eng
bibsort: HERNANDEZDARENEWDONO201509
full_text_status: public
series: Discussion Paper Series, University of Heidelberg, Department of Economics
volume: 0601
place_of_pub: Heidelberg
pages: 42
citation:   Hernandez, Diego   (2015) Are “New” Donors Challenging World Bank Conditionality?  [Working paper]     
document_url: https://archiv.ub.uni-heidelberg.de/volltextserver/19552/1/hernandez_2015_dp601.pdf