US politics and World Bank IDA-lending

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This paper studies the role of US political factors in the allocation of World Bank concessional lending, where US political interests are proxied by voting similarity in the United Nations General Assembly on issues identified as important by the US Department of State. In contrast to previous studies we find that the US exerted a significant influence on IDA lending during the period 1993-2000. We demonstrate that the influence was both statistically as well as economically significant. Finally, we demonstrate that our result is robust with respect to the omission of the IDA Country Performance Rating index
Original languageEnglish
JournalJournal of Development Studies
Volume42
Issue number5
Pages (from-to)772-794
ISSN0022-0388
DOIs
Publication statusPublished - 2006

ID: 324401