The rapid growth of trust funds at multilateral development organizations has been widely neglected in the academic literature so far. Using a simple illustrative model, this paper examines the choice by sovereign donors among various trust fund options. The authors contend that the choice among...

The rapid growth of trust funds at multilateral development organizations has not received much attention in the academic literature. We consider the choice by sovereign donors among various types of multilaterally channeled funds. Taking the example of the World Bank, we distinguish between...

Bilateral aid projects continue to proliferate in an uncoordinated fashion, leading to fragmented aid delivery, despite high-level political promises to reign in the practice. Frequently absent in the academic and policy debates is an exploration of which policy venues can be elective in...