Policy Selectivity Forgone: Debt and Donor Behavior in Africa

Nancy Birdsall · Stijn Claessens · Ishac Squire Diwan

98 citations0/0 files storedThe World Bank Economic Review

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International Development and Aid Global Financial Crisis and Policies Fiscal Policies and Political Economy

Abstract

Authors assess the dynamics behind the high net resource transfers by donors and creditors to Sub-Saharan African countries. Analyzing the determinants of overall net transfers for a panel of 37 recipient countries in 1978-98, Authors find that country policies mattered little. Donors especially bilateral donors actually made greater transfers to countries with high debt, largely owed to multilateral creditors, when policies were 'bad'. Authors conclude that comprehensive debt relief has the potential, though not the certainty, to restore selectivity in support of good policies. That would make development assistance more effective going forward and increase public support in donor countries.

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References

1995Economic Reform and the Process of Global Integration n.d.Aid, Policies, and Growth 2000Who Gives Foreign Aid to Whom and Why?2001Aid and growth regressions 2000Aid effectiveness disputed 2013Aid allocation and poverty reduction 2002How Did Heavily Indebted Poor Countries Become Heavily Indebted? Reviewing Two Decades of Debt Relief 1999Aid Allocation and Poverty Reduction

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