Complementarity between Multilateral Lending and Private Flows to Developing Countries: Some Empirical Results

Dilip Ratha

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Abstract

Complementarity betweenEventhoughmultilateral loans may have behaved M ultilateral Lending and countercyclically with respect Private Flows to Developin to private flows to developing r1vate r wstocountries in the sho,-t term, Countries these flows tended to complement private flows in the medium term by Some Empirical Results signaling-and often fostering-a better investment Dilip Ratha environment in the borrowing country.

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n.d.Aid, Policies, and Growth 2000Who Gives Foreign Aid to Whom and Why?2002Aid allocation and poverty reduction 1998Who Gives Foreign Aid to Whom and Why?2000When is foreign aid policy credible? Aid dependence and conditionality 1995Why is there Multilateral Lending?1999Aid Allocation and Poverty Reduction 1997IMF Programmes in Developing Countries: Design and Impact

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