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Too Many Cooks in the Kitchen? The Division of Financing in World Bank Projects and Project Performance
[journal article]
Abstract The total funding envelope for World Bank projects is often divided among various state and non-state actors, each of which can have competing ideas about or interests in the project. How does the division of financing relate to overall project effectiveness? I argue that too many funding streams in... view more
The total funding envelope for World Bank projects is often divided among various state and non-state actors, each of which can have competing ideas about or interests in the project. How does the division of financing relate to overall project effectiveness? I argue that too many funding streams in a project can reduce project effectiveness by creating delays, increasing transaction costs, and blurring lines of accountability. I combine original data on the number and concentration of financial collaborators in World Bank projects with the World Bank’s ratings of project performance, looking at within-country variation across projects to explore whether or not there is evidence of reduced aid effectiveness in projects with more participants. The results suggest that projects with significant cofinancing receive somewhat worse project ratings.... view less
Classification
International Relations, International Politics, Foreign Affairs, Development Policy
Free Keywords
World Bank; aid effectiveness; cofinancing; foreign aid
Document language
English
Publication Year
2019
Page/Pages
p. 117-126
Journal
Politics and Governance, 7 (2019) 2
Issue topic
Aid Impact and Effectiveness
ISSN
2183-2463
Status
Published Version; peer reviewed