An empirical assessment of informal influence in the World Bank.

Recent scholarship has uncovered convincing evidence of systematic donor influence in international financial institutions (IFIs) such as the World Bank. Less clear is how donors influence IFI decisions. Possible avenues are formal and informal: formal influence through official decisions of the board of executive directors and informal influence over decisions not made at the board level. This paper explores the role of informal influence at the World Bank by examining the flow of funds after loans are approved. Controlling for commitments (loan approvals), are subsequent disbursements linked to the geopolitical interests of important donors? Since the board of executive directors is formally involved in loan approval but not in disbursement decisions, this provides an interesting case to identify the avenues of influence. The results indicate the scope of reforms needed to bolster the independence of the World Bank.

Main Author: Kilby, Christopher.
Format: Villanova Faculty Authorship
Language: English
Published: 2010
Online Access: http://ezproxy.villanova.edu/login?url=https://digital.library.villanova.edu/Item/vudl:177722
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dc_source_str_mv Economic Development and Cultural Change, August 27, 2010, 1-38.
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An empirical assessment of informal influence in the World Bank.
author-letter Kilby, Christopher.
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dc_title_str An empirical assessment of informal influence in the World Bank.
title An empirical assessment of informal influence in the World Bank.
title_short An empirical assessment of informal influence in the World Bank.
title_full An empirical assessment of informal influence in the World Bank.
title_fullStr An empirical assessment of informal influence in the World Bank.
title_full_unstemmed An empirical assessment of informal influence in the World Bank.
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description Recent scholarship has uncovered convincing evidence of systematic donor influence in international financial institutions (IFIs) such as the World Bank. Less clear is how donors influence IFI decisions. Possible avenues are formal and informal: formal influence through official decisions of the board of executive directors and informal influence over decisions not made at the board level. This paper explores the role of informal influence at the World Bank by examining the flow of funds after loans are approved. Controlling for commitments (loan approvals), are subsequent disbursements linked to the geopolitical interests of important donors? Since the board of executive directors is formally involved in loan approval but not in disbursement decisions, this provides an interesting case to identify the avenues of influence. The results indicate the scope of reforms needed to bolster the independence of the World Bank.
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dc.title An empirical assessment of informal influence in the World Bank.
dc.creator Kilby, Christopher.
dc.description Recent scholarship has uncovered convincing evidence of systematic donor influence in international financial institutions (IFIs) such as the World Bank. Less clear is how donors influence IFI decisions. Possible avenues are formal and informal: formal influence through official decisions of the board of executive directors and informal influence over decisions not made at the board level. This paper explores the role of informal influence at the World Bank by examining the flow of funds after loans are approved. Controlling for commitments (loan approvals), are subsequent disbursements linked to the geopolitical interests of important donors? Since the board of executive directors is formally involved in loan approval but not in disbursement decisions, this provides an interesting case to identify the avenues of influence. The results indicate the scope of reforms needed to bolster the independence of the World Bank.
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