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optimal form of debt write-downs and the conditionality requirements attached to it with such governance problems in mind. To … deal with the domestic distributive conflict, it is crucial that the conditionality requirements target both provision of … use of long-run conditionality requirements. Against such a benchmark, we then evaluate the efficacy of the current debt …
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This study investigates the World Bank's use of lending and non-lending instruments to affect the policy priorities of developing countries. In a typical year, the World Bank lends more than USD 30 billion to its client countries. It also spends approximately USD 200 million on the provision of...
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