Conditionality and Ownership
ثبت نشده
چکیده
I will divide my comments in five parts. First, I will focus on the nature of relationship between an individual country and the IMF. Unless this context is properly analyzed the subsequent discussion on conditionality and ownership will remain incomplete. Second, I will offer a few suggestions about the division of labor between the IMF and the World Bank. The next three sections will be focused on the contents, process and results of conditionality.
منابع مشابه
Fiscal Ownership and the Role of Donors . Will HIPC Matter ?
3. The HIPC-Initiative, Fiscal Ownership and the Quality of Aid 3.1. The Quantitative and Qualitative Impact of the HIPC-Initiative 3.2. Impact on Resource Flows: The Debt Reduction Dividend 3.2.1. Measuring the Amount of Virtual Resources 3.2.2. Additionality 3.2.3. Debt Overhang 3.2.4. Debt Sustainability 3.3. Impact on Poverty Reduction and Aid Effectiveness 3.3.1. Channeling Debt Relief int...
متن کاملSocial Implications of Governance Related Conditionality Analysis of the roles of the WTO and the Bretton Woods Institutions in Fostering Stability and Long-Term Development
The Bretton Woods Institutions, and lately the World Trade Organisation, have all been accused of representing narrow Western economic interests and ignoring important elements of culture and local conditions in their policies towards the developing countries. In drafting ‘one-fit-for-all’ strategies and conditionalities they have paid little attention to existing governance structures and have...
متن کاملStrategic Aid allocation in the 21 st Century : Lessons from the 1980 ’ s and 1990
An evaluation of recipient countries’ experience with foreign aid in the 1980s and 90s shows that there is plenty of evidence that policy conditionality has by and large failed, and that there is no evidence that the policy conditions attached to aid have by and large been appropriate. In that light, is the currently advocated move in aid allocation away from policy conditionality and towards s...
متن کاملSovereign Debt , Structural Adjustment , and Conditionality 1
The lack of proper enforcement mechanism for sovereign debt generates a commitment failure. As a result, a sovereign may seek to improve its position in debt renegotiations and thus evade its debt obligations by reducing exports. Conditionality seeks to provide a solution to the incentive problem by addressing the commitment failure. Formalizing this argument, we show that conditionality helps ...
متن کاملAre “New” Donors Challenging World Bank Conditionality?
This paper investigates whether World Bank conditionality is affected by the presence of “new” donors by using panel data for 54 African countries over the 1980 to 2013 period. Empirical results indicate that the World Bank delivers loans with significantly fewer conditions to recipient countries which are assisted by China. Less stringent conditionality is also observed in better off borrowers...
متن کامل