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Which Donors, Which Funds?: The Choice of Multilateral Funds by Bilateral Donors at the World Bank

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dc.contributor.authorReinsberg, Bernhard
dc.contributor.authorMichaelowa, Katharina
dc.contributor.authorKnack, Stephen
dc.date.accessioned2015-11-05T18:54:20Z
dc.date.available2015-11-05T18:54:20Z
dc.date.issued2015-10
dc.description.abstractThe 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 different trust funds involves a fundamental trade-off: larger funds provide donors with the benefit of burden sharing. Conversely, each donor can better assert its individual preferences in a fund with fewer other donors. The theoretical considerations yield testable implications on a range of factors affecting this fundamental tradeoff, most notably the area of intervention of the trust fund and competing domestic interests of donor countries. Using a sample of World Bank trust funds, the paper examines the participation decisions of Organisation for Economic Co-operation and Development/Development Assistance Committee donors over the past decade. In line with the theoretical argument, preference homogeneity among donors as well as indicators for global activities and fragile states assistance are robust determinants of participation in (large) multi-donor funds. In contrast, donors tend to prefer single-donor trust funds in areas in which their national interests dominate. Although they could use bilateral aid for the same purpose, they often prefer to channel their contributions through trust funds at multilateral agencies. Donors thereby reduce their own administrative costs, while benefiting from the expertise of the multilateral agency. These findings confirm prior qualitative case studies and evidence from donor reports, suggesting that reduced reliance on single-donor trust funds—a costly instrument from the perspective of multilateral agencies—can improve the development effectiveness of aid.en
dc.identifierhttp://documents.worldbank.org/curated/en/2015/10/25155022/donors-funds-choice-multilateral-funds-bilateral-donors-world-bank
dc.identifier.doi10.1596/1813-9450-7441
dc.identifier.urihttps://hdl.handle.net/10986/22872
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7441
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectLIMITED
dc.subjectTERRORISM
dc.subjectEMPLOYMENT
dc.subjectBILATERAL AGENCIES
dc.subjectMULTILATERAL AID
dc.subjectACCOUNTING
dc.subjectDEVELOPMENT ASSISTANCE
dc.subjectDONOR
dc.subjectINTEREST
dc.subjectPRIVATIZATION
dc.subjectAID FINANCING
dc.subjectNATIONS
dc.subjectSTRATEGIES
dc.subjectSERVICES
dc.subjectPUBLIC SERVICES
dc.subjectPORTFOLIO
dc.subjectHEALTH
dc.subjectPROJECTS
dc.subjectMULTILATERAL DEVELOPMENT BANKS
dc.subjectVOLUNTARY CONTRIBUTIONS
dc.subjectASSOCIATIONS
dc.subjectNEGOTIATION
dc.subjectPARTNER COUNTRIES
dc.subjectCONFLICT
dc.subjectINTERNATIONAL BANK
dc.subjectGOVERNANCE ARRANGEMENTS
dc.subjectEXPERT
dc.subjectCONSTRAINT
dc.subjectSTATES
dc.subjectAID
dc.subjectTECHNICAL ASSISTANCE
dc.subjectDISEASES
dc.subjectLEADS
dc.subjectPARTNERSHIPS
dc.subjectFOREIGN AID
dc.subjectUNION
dc.subjectAGREEMENTS
dc.subjectRESOURCE MOBILIZATION
dc.subjectFOREIGN POLICIES
dc.subjectWORLD DEVELOPMENT
dc.subjectTRUST
dc.subjectORGANIZATIONS
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectMIDDLE-INCOME COUNTRIES
dc.subjectDIVERGENCES
dc.subjectMIC
dc.subjectTRUST FUNDS
dc.subjectFINANCE
dc.subjectADMINISTRATIVE COSTS
dc.subjectDIRECTORS
dc.subjectALLOCATION DECISIONS
dc.subjectMICS
dc.subjectBANKS
dc.subjectUNDP
dc.subjectDONOR COUNTRIES
dc.subjectPROBABILITY MODELS
dc.subjectIMF
dc.subjectLEAD
dc.subjectFOOD SECURITY
dc.subjectACCOUNTABILITY
dc.subjectCLIMATE CHANGE
dc.subjectMEMBER STATES
dc.subjectINTERNATIONAL AFFAIRS
dc.subjectINTERNATIONAL TRADE
dc.subjectFOUNDATIONS
dc.subjectCOMPROMISE
dc.subjectVALUE
dc.subjectDEVELOPMENT BANKS
dc.subjectBANK
dc.subjectPARTNERSHIP
dc.subjectAID INSTITUTIONS
dc.subjectECONOMY
dc.subjectTACTICS
dc.subjectNATION
dc.subjectTRANSACTION COSTS
dc.subjectMIDDLE-INCOME COUNTRY
dc.subjectINTERNATIONAL COMMUNITY
dc.subjectINTERNATIONAL STUDIES
dc.subjectIFC
dc.subjectGOVERNANCE
dc.subjectTAXATION
dc.subjectSTATE
dc.subjectWAR
dc.subjectINVESTMENT
dc.subjectBILATERAL DONORS
dc.subjectRISK
dc.subjectORGANIZATION
dc.subjectBILATERAL AID
dc.subjectDONORS
dc.subjectMULTILATERAL AGENCIES
dc.subjectINTERNATIONAL NEGOTIATION
dc.subjectUNIVERSITY
dc.subjectDEVELOPED COUNTRY
dc.subjectLENDING
dc.subjectSOCIETY
dc.subjectFOREIGN POLICY
dc.subjectCONFLICT RESOLUTION
dc.subjectGOVERNMENTS
dc.subjectAIDS
dc.subjectUNITED NATIONS SYSTEM
dc.subjectHEALTH SERVICES
dc.subjectPEACE
dc.subjectRECONSTRUCTION
dc.subjectECONOMIES
dc.subjectBILATERAL DONOR
dc.subjectDONOR COUNTRY
dc.titleWhich Donors, Which Funds?en
dc.title.subtitleThe Choice of Multilateral Funds by Bilateral Donors at the World Banken
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleWhich Donors, Which Funds? The Choice of Multilateral Funds by Bilateral Donors at the World Bank
okr.date.disclosure2015-10-14
okr.date.doiregistration2025-04-10T07:19:46.039353Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2015/10/25155022/donors-funds-choice-multilateral-funds-bilateral-donors-world-bank
okr.guid948551467997028331
okr.identifier.doi10.1596/1813-9450-7441
okr.identifier.externaldocumentum090224b083145961_1_0
okr.identifier.internaldocumentum25155022
okr.identifier.reportWPS7441
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/10/14/090224b083145961/1_0/Rendered/PDF/Which0donors000rs0at0the0World0Bank.pdfen
okr.topicFinance and Financial Sector Development
okr.topicMacroeconomics and Economic Growth::Development Economics & Aid Effectiveness
okr.unitHuman Development and Public Services Team, Development Research Group
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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