This paper extends and applies principal-agent theory to the performance of donor projects. There is variation in the degree of divergence between the interests of the donor (the principal) and the recipient government (the agent). Further, the effort expended on observation of the agent is a...

Vietnam is a very important country for the World Bank. It is the first recipient of IDA credits. It is also presented by the Bank as a model country for development success, especially in terms of poverty reduction. At the same time, the Bank is very active in Vietnam: it is the first provider...

The ownership of the development policies is the very basis of the new international consensus formulated in the Paris Declaration (2005). The theoretical foundations of this approach remain somehow unclear, and we can hardly consider that PRSPs are really “owned” by the recipient...

This paper proposes an econometric analysis of the effects of three kinds of socio-political instability - violent, social and elite - on foreign aid allocation. Arellano and Bond [1991] application of the generalized method of moments estima­tions show that the effect of socio-political...

The ownership of the development policies is the very basis of the new international consensus formulated in the Paris Declaration (2005). The theoretical foundations of this approach remain somehow unclear. The main problem is that the Bretton Woods institutions “assess” the Poverty...