Anwar, Mumtaz (2006): THE POLITICAL ECONOMY OF INTERNATIONAL FINANCIAL INSTITUTIONS’ LENDING TO PAKISTAN. Published in: Pakistan Economic and Social Review , Vol. 2, No. 44 (December 2006): pp. 155-180.
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This paper analyzes the determinants of multilateral aid from international financial institutions (IFIs) to Pakistan, focusing on the world three major IFIs, the World Bank, the IMF and the ADB. Political economic factors, notably bureaucratic interests and major shareholders economic interests, are suspected to be relevant in international aid allocation decisions. Pooled Tobit estimation analyses confirm this hypothesis. Although recipient need also proves to be a relevant determinant of lending, bureaucratic interest outranks the former. Among the main multilateral donors, the IDA and the ADB are shown to be more bureaucratic and stakeholders economic interest-oriented in their lending decisions than the IBRD and the IMF, which tend to adhere to official lending explanations.
|Item Type:||MPRA Paper|
|Institution:||Hamburg Institute of International Economics|
|Original Title:||THE POLITICAL ECONOMY OF INTERNATIONAL FINANCIAL INSTITUTIONS’ LENDING TO PAKISTAN|
|Keywords:||Foreign aid; International organizations; Bureaucracy|
|Subjects:||F - International Economics > F3 - International Finance > F35 - Foreign Aid
D - Microeconomics > D7 - Analysis of Collective Decision-Making > D70 - General
|Depositing User:||Mumtaz Anwar|
|Date Deposited:||05. Nov 2007|
|Last Modified:||19. Feb 2013 03:06|
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