Publication:
Reducing the Transaction Costs of Development Assistance : Ghana’s Multi-Donor Budget Support (MDBS) Experience from 2003 to 2007

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dc.contributor.authorCavalcanti, Carlos
dc.date.accessioned2012-06-11T15:23:43Z
dc.date.available2012-06-11T15:23:43Z
dc.date.issued2007-11
dc.description.abstractThis paper examines whether the structure of the Multi-Donor Budget Support (MDBS) in Ghana evolved over time to minimize transaction costs commonly found in accessing and delivering development assistance in multi-donor settings. While the MDBS was expected to reduce the transaction costs involved in dealing with multiple development agencies, it created three additional sources of transaction costs: coordination failures, the costs of collective action, and measurement costs. The answer that emerges from this paper is that the structure of the MDBS evolved to mitigate these transaction costs. The problems associated with coordination was addressed by delegating the policy dialogue to sector-specific groups aimed at reaching agreements over a narrower set of issues and amongst a smaller group of participants. Also, the MDBS reduced the cost of collective action by devising rules that allowed all the participating agencies to have a role in the decision-making process, and, in doing so, encouraged these agencies to increase the share of their contribution coming through the MDBS, rather than through large projects and off-budget disbursements. There was less success in reaching a settled view on how to reduce so-called measurement costs, however. While the group of development agencies made several attempts to overcome the difficulties in measuring progress in the program supported by the MDBS, it was not able to reach consensus on the extent to which the monitoring of the program should rely on outcome indicators. The Government did not favor the use of outcome indicators, and some development agencies placed greater emphasis on maintaining a dialogue around policy actions aimed at reaching the desired outcomes.en
dc.identifierhttp://documents.worldbank.org/curated/en/2007/11/8744884/reducing-transaction-costs-development-assistance-ghanas-multi-donor-budget-support-mdbs-experience-2003-2007
dc.identifier.doi10.1596/1813-9450-4409
dc.identifier.urihttps://hdl.handle.net/10986/7649
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 4409
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTANT
dc.subjectACCOUNTING
dc.subjectACCOUNTING SYSTEM
dc.subjectAGRICULTURE
dc.subjectAID
dc.subjectALLOCATION
dc.subjectANNUAL BUDGET
dc.subjectANNUAL REPORT
dc.subjectARTICLE
dc.subjectASYMMETRIC INFORMATION
dc.subjectAUCTION
dc.subjectBENCHMARK
dc.subjectBENCHMARKS
dc.subjectBUDGET COVERAGE
dc.subjectBUDGET CYCLE
dc.subjectBUDGET EXECUTION
dc.subjectBUDGET PROPOSAL
dc.subjectBUDGET STATEMENT
dc.subjectBUDGET STRATEGY
dc.subjectBUDGET SUPPORT
dc.subjectBUDGET SUPPORT OPERATIONS
dc.subjectCENTRAL GOVERNMENT
dc.subjectCENTRAL GOVERNMENT DEBT
dc.subjectCOLLECTIVE ACTION
dc.subjectCOLLUSION
dc.subjectCOMPETITIVE MARKET
dc.subjectCONTINGENCIES
dc.subjectCONTINGENCY
dc.subjectCONTRACTUAL ARRANGEMENTS
dc.subjectCONTRIBUTION
dc.subjectCOORDINATION FAILURES
dc.subjectCREDITS
dc.subjectDEBT
dc.subjectDEBT RELIEF
dc.subjectDECENTRALIZATION
dc.subjectDECISION MAKING
dc.subjectDECISION-MAKING
dc.subjectDECISION-MAKING PROCESS
dc.subjectDEVELOPMENT AGENCIES
dc.subjectDEVELOPMENT AGENCY
dc.subjectDEVELOPMENT ASSISTANCE
dc.subjectDEVELOPMENT BANK
dc.subjectDEVELOPMENT ISSUES
dc.subjectDEVELOPMENT PARTNERS
dc.subjectDEVELOPMENT POLICY
dc.subjectDEVELOPMENT PROGRAMS
dc.subjectDEVELOPMENT STRATEGY
dc.subjectDISBURSEMENT
dc.subjectDISBURSEMENTS
dc.subjectDIVISION OF LABOR
dc.subjectDOMESTIC CREDIT
dc.subjectDOMESTIC DEBT
dc.subjectDONOR FLOWS
dc.subjectDROUGHT
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC MANAGEMENT
dc.subjectEDUCATION PROGRAMS
dc.subjectEDUCATION SERVICES
dc.subjectENFORCEABLE CONTRACTS
dc.subjectEXPENDITURE
dc.subjectEXPENDITURE MANAGEMENT SYSTEM
dc.subjectEXTERNAL AUDIT
dc.subjectFINANCIAL ACCOUNTABILITY
dc.subjectFINANCIAL CONTRIBUTIONS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFISCAL ACCOUNTS
dc.subjectFISCAL CONSOLIDATION
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL POLICY
dc.subjectFLOW OF INFORMATION
dc.subjectGDP
dc.subjectGENERAL BUDGET SUPPORT
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectHEALTH SECTOR
dc.subjectINSTRUMENT
dc.subjectINTERNAL AUDIT
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectLOCAL GOVERNMENT
dc.subjectLOCAL GOVERNMENTS
dc.subjectMACROECONOMIC STABILITY
dc.subjectMINISTRY OF FINANCE
dc.subjectMONETARY FUND
dc.subjectMULTILATERAL AGENCIES
dc.subjectNATIONAL BUDGET
dc.subjectOIL PRICES
dc.subjectOUTCOME INDICATORS
dc.subjectOUTSIDE OBSERVERS
dc.subjectPERFORMANCE EXPECTATIONS
dc.subjectPERFORMANCE MEASUREMENT
dc.subjectPOLITICAL ECONOMY
dc.subjectPOVERTY REDUCING
dc.subjectPOVERTY REDUCTION
dc.subjectPOVERTY REDUCTION STRATEGY
dc.subjectPOVERTY REDUCTION SUPPORT
dc.subjectPRINCIPAL-AGENT
dc.subjectPRIVATE SECTOR
dc.subjectPROGRAMS
dc.subjectPUBLIC ACCOUNTS
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC EXPENDITURE MANAGEMENT
dc.subjectPUBLIC FINANCIAL MANAGEMENT
dc.subjectPUBLIC PROCUREMENT
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SECTOR DEFICITS
dc.subjectPUBLIC SECTOR REFORM
dc.subjectREAL RESOURCES
dc.subjectREFORM AGENDA
dc.subjectREFORM PROGRAM
dc.subjectREFORM STRATEGY
dc.subjectRENEGOTIATIONS
dc.subjectRESOURCE MANAGEMENT
dc.subjectROAD TRANSPORT
dc.subjectSANITATION
dc.subjectSECTOR MINISTRIES
dc.subjectSECTOR PROGRAMS
dc.subjectSENIOR
dc.subjectSERVICE DELIVERY
dc.subjectSHARE OF CREDIT
dc.subjectSTATED OBJECTIVE
dc.subjectSUM OF MONEY
dc.subjectSUPPORT PROGRAM
dc.subjectSUPPORT PROGRAMS
dc.subjectTERM CONTRACTS
dc.subjectTRANSACTION
dc.subjectTRANSACTION COST
dc.subjectTRANSACTION COSTS
dc.subjectTRANSACTIONS COSTS
dc.subjectUNCERTAINTY
dc.subjectWORTH
dc.titleReducing the Transaction Costs of Development Assistance : Ghana’s Multi-Donor Budget Support (MDBS) Experience from 2003 to 2007en
dspace.entity.typePublication
okr.crossref.titleReducing The Transaction Costs Of Development Assistance Ghana's Multi-Donor Budget Support (MDBS) Experience From 2003 To 2007
okr.date.doiregistration2025-04-10T10:42:57.541229Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2007/11/8744884/reducing-transaction-costs-development-assistance-ghanas-multi-donor-budget-support-mdbs-experience-2003-2007
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.guid585241468037531692
okr.identifier.doi10.1596/1813-9450-4409
okr.identifier.externaldocumentum000158349_20071121100622
okr.identifier.internaldocumentum8744884
okr.identifier.reportWPS4409
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2007/11/21/000158349_20071121100622/Rendered/PDF/wps4409.pdfen
okr.region.administrativeAfrica
okr.region.countryGhana
okr.topicEconomic Theory and Research
okr.topicPublic Sector Expenditure Analysis and Management
okr.topicDevelopment Economics and Aid Effectiveness
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth
okr.topicPublic Sector Development
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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