Correlates of Success in World Bank Development Policy Lending

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dc.creatorMoll, Peter
dc.creatorGeli, Patricia
dc.creatorSaavedra, Pablo
dc.date2015-02-23T20:24:55Z
dc.date2015-02-23T20:24:55Z
dc.date2015-01
dc.date.accessioned2026-07-01T00:48:52Z
dc.descriptionThis paper examines the correlates of success of development policy lending operations of the World Bank between 2004 and 2012. The paper uses a data set constructed of individual loan characteristics and ex-post loan ratings produced by the World Bank's Independent Evaluation Group. Departing from the related literature, the paper focuses mostly on examining the impact of loan characteristics, reform program design features, and task team leader skills, among other variables, on intended development results, while still controlling for country characteristics. It finds that a variable used to reflect congruence or "line of sight" between the policy reforms supported and the results framework is a critical ingredient for success. Task team leader skills in general, and task team leadership by staff affiliated with the former "Economic Policy" department of the World Bank, also increase the chance of success. Conversely, a weaker set of supported reforms in these operations tends to reduce the chance of success. Reforms supported in the energy sector seem to reduce the likelihood of success, perhaps because of the inherent political difficulties of implementing reforms in this sector. The paper also draws important policy and institutional implications from these and other findings.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2015/01/23908834/correlates-success-world-bank-development-policy-lending
dc.identifierhttps://hdl.handle.net/10986/21471
dc.identifierhttps://doi.org/10.1596/1813-9450-7181
dc.identifier.urihttp://hdl.handle.net/123456789/411407
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank Group, Washington, DC
dc.relationPolicy Research Working Paper;No. 7181
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectADJUSTMENT
dc.subjectAGRICULTURE
dc.subjectBANK POLICY
dc.subjectCHECKS
dc.subjectCOMMITMENT
dc.subjectCOMMITMENTS
dc.subjectCONCESSIONAL TERMS
dc.subjectCORRUPTION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT FINANCING
dc.subjectDEVELOPMENT POLICY
dc.subjectDEVELOPMENT STRATEGIES
dc.subjectDUMMY VARIABLE
dc.subjectDUMMY VARIABLES
dc.subjectECONOMETRIC MODELS
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC POLICIES
dc.subjectECONOMIC RESEARCH
dc.subjectEMERGING ECONOMIES
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURE
dc.subjectFINANCE MANAGEMENT
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFISCAL DISCIPLINE
dc.subjectFOREIGN AID
dc.subjectFOREIGN ASSISTANCE
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGROWTH POLICIES
dc.subjectHUMAN DEVELOPMENT
dc.subjectIDA CREDITS
dc.subjectINDIVIDUAL LOAN
dc.subjectINFRASTRUCTURE INVESTMENTS
dc.subjectINSTRUMENT
dc.subjectINTERNAL AUDITS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINVESTMENT LOANS
dc.subjectINVESTMENT PROJECTS
dc.subjectJUSTICE
dc.subjectLEADERSHIP
dc.subjectLENDING INSTRUMENT
dc.subjectLENDING OPERATIONS
dc.subjectLOAN
dc.subjectLOAN SIZE
dc.subjectMACROECONOMIC CONDITIONS
dc.subjectMACROECONOMIC MANAGEMENT
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC POLICY
dc.subjectMACROECONOMIC STABILITY
dc.subjectMACROECONOMIC VARIABLES
dc.subjectMACROECONOMICS
dc.subjectMULTILATERAL DEVELOPMENT BANKS
dc.subjectNATURAL DISASTERS
dc.subjectPATRONAGE
dc.subjectPOLITICAL ECONOMY
dc.subjectPORTFOLIO
dc.subjectPOSITIVE COEFFICIENT
dc.subjectPRIVATE SECTOR CREDIT
dc.subjectPUBLIC FINANCE
dc.subjectREGIONAL DUMMIES
dc.subjectREGRESSION ANALYSIS
dc.subjectRETURN
dc.subjectRISK AVERSION
dc.subjectSTRUCTURAL ADJUSTMENT
dc.subjectSTRUCTURAL ADJUSTMENT LOANS
dc.subjectTAX
dc.subjectTRADE POLICIES
dc.subjectTRANSPORT
dc.subjectURBAN DEVELOPMENT
dc.subjectWORLD BANK FINANCING
dc.subjectWORLD BANK LENDING
dc.subjectWORLD BANK LOANS
dc.titleCorrelates of Success in World Bank Development Policy Lending

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