We investigate whether elected members of the United Nations Security Council receive favorable treatment from the International Monetary Fund (IMF), analyzing panel data on the level of conditionality attached to (a maximum of) 314 IMF arrangements with 101 countries over the period of 1992 to...

Performance-based aid has been proposed as an alternative to the failed traditional approach whereby donors make aid conditional on the reform promises of recipient countries. However, hardly any empirical evidence exists on whether ex post rewards are effective in inducing reforms. We attempt...

In 2005 the World Trade Organization announced the Aid for Trade initiative aiming developing countries to connect to the multilateral trading system. This financial assistance is to improve the supply-side capacity (economic infrastructure, productive capacity) in the underdeveloped countries...

We investigate whether democratic aid flows, which are directed toward the democratization of recipients by covering democracy-related programs and government and civil society activities, affect the future political regime of recipient countries. We introduce a multinomial multivariate logit...

The political and economic collapse of communism in the Eastern Europe and the former Soviet Union has created enormous challenge for Western democracies. The challenge has been not that of providing financial developmental aid although it is very important for countries facing the double...

The “inducement” function of conditionality has failed. Its intrusive, shortsighted and ineffective character is now increasingly criticized, and may have contributed, at least in part, to the poor growth performance associated with adjustment programs in sub-Saharan Africa. This article...

This paper assesses the macroeconomic implications of scaling up aid for Benin in line with the Gleneagles commitment to double aid to poor countries over the next three years to reach $85 per capita by 2010 and keep it at that level thereafter. The analysis suggests that the additional aid...