Publication: Which donors, which funds? Bilateral donors' choice of multilateral funds at the World Bank
Which donors, which funds? Bilateral donors' choice of multilateral funds at the World Bank
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Reinsberg, B., Michaelowa, K., & Knack, S. (2017). Which donors, which funds? Bilateral donors’ choice of multilateral funds at the World Bank. International Organization, 71, 767–802. https://doi.org/10.1017/S0020818317000340
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The rapid growth of trust funds at multilateral development organizations has been widely neglected in the academic literature. We examine sovereign donors' choices among various trust fund options and contend that the choice among the different trust funds involves a fundamental trade-off: larger funds provide donors with “burden-sharing” benefits, but each donor can better assert its individual preferences in a fund with fewer other donors. The theoretical considerations yield testable hypotheses on a range of factors affecting this
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Reinsberg, B., Michaelowa, K., & Knack, S. (2017). Which donors, which funds? Bilateral donors’ choice of multilateral funds at the World Bank. International Organization, 71, 767–802. https://doi.org/10.1017/S0020818317000340
