The International Finance Facility: The UK HM Treasury-DFID Proposal to Increase External Finance to Developing Countries

International Finance Facility, development aid, Millennium Development Goals

Multilateral Development Banks and Private Sector Financing: The Case of IFC

IFC, private sector financing, multinational development banks, causality tests

Multilateral Aid Agencies and Strategic Donor Behaviour

The paper builds on recent empirical evidence on the importance of strategic donor behaviour in aid allocation in order to develop a theoretical model where donor pressure on a recipient for influencing the aid disbursement of a multilateral institution is endogenously determined. Our game-theoretic, multi-agent model with one aid recipient, two bilateral donors and one multilateral institution illustrates the advantage of putting pressure on the recipient as an instrument for foreign policy, as seen from the mighty donor's point of view. The model shows how this strategic donor behaviour is damaging to the aid-recipient; we also show that other donors not sharing foreign policy goals similar to the strategic, influential donors will, in fact, reduce their aid contributions to the multilateral organizations. This may obviously have profound implications for the volume of total aid flows and may crucially undermine current efforts to substantially increase ODA to meet the Millennium Development Goals by 2015. Our paper also contributes to the common debate on foreign aid by presenting a rigorous model that explains the coexistence of both multilateral aid organizations and bilateral aid programmes.foreign aid, strategic donor behaviour, multilateral aid agencies

Savings and Financial Sector Development: Panel Cointegration Evidence from Africa

financial sector development, private savings, panel cointegration tests, Africa

The Composition of Aid and the Fiscal Sector in an Aid-Recipient Economy: A Model

foreign aid, fiscal sector, fiscal response literature, aid effectiveness

Financial Sector Development - Futile or Fruitful? An Examination of the Determinants of Savings in Sri Lanka

saving, financial sector development, cointegration, principal components, Sri Lanka

A Contract Perspective on the International Finance Facility

foreign aid, International Finance Facility, contract theory, uncertainty

The Volatility of Aid

aid volatility, aid heterogeneity, project aid, programme assistance, MDGs

Aid Disaggregation, Endogenous Aid and the Public Sector in Aid-Recipient Economies: Evidence from C.te d'Ivoire

foreign aid, aid effectiveness, aid disaggregation, fiscal response literature, C.te d'Ivoire

Examining Private Investment Heterogeneity: Evidence from a Dynamic Panel

domestic private investment, public investment, dynamic heterogeneity, endogeneity, Generalised Method of Moments