The Political Economy of Conditional and Unconditional Foreign Assistance : Grants vs. Loan Rollovers »
Series: IMF Working Papers
Author(s): Wolfgang Mayer , and Alex Mourmouras
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2004
Keywords: common agency models, grants vs. loans, interest group, economic policies, interest groups, political influence, International Monetary Arrangements and Institutions, International Lending and Debt Problems,
Improving the effectiveness of financial assistance programs is a priority of international financial institutions (IFIs). This paper examines the effectiveness of alternative assistance instruments in a dynamic po...