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Too Many Cooks in the Kitchen? The Division of Financing in World Bank Projects and Project Performance
[Zeitschriftenartikel]
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... mehr
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.... weniger
Klassifikation
internationale Beziehungen, Entwicklungspolitik
Freie Schlagwörter
World Bank; aid effectiveness; cofinancing; foreign aid
Sprache Dokument
Englisch
Publikationsjahr
2019
Seitenangabe
S. 117-126
Zeitschriftentitel
Politics and Governance, 7 (2019) 2
Heftthema
Aid Impact and Effectiveness
ISSN
2183-2463
Status
Veröffentlichungsversion; begutachtet (peer reviewed)