A Puzzle with Missing Pieces Explaining the Effectiveness of World Bank Development Projects

The identification of key determinants of aid effectiveness is a long-standing question in the development community. This paper reviews the literature on aid effectiveness at the project level and then extends the inquiry in a variety of dimensions with new data on World Bank investment project fin...

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Bibliographic Details
Main Author: Ashton, Louise
Other Authors: Khan, Akib, Goldemberg, Diana, Friedman, Jed
Format: eBook
Language:English
Published: Washington, D.C The World Bank 2021
Subjects:
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
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100 1 |a Ashton, Louise 
245 0 0 |a A Puzzle with Missing Pieces  |h Elektronische Ressource  |b Explaining the Effectiveness of World Bank Development Projects  |c Louise Ashton 
260 |a Washington, D.C  |b The World Bank  |c 2021 
300 |a 66 pages 
653 |a Macroeconomics and Economic Growth 
653 |a International Governmental Organizations 
653 |a Economic Policy, Institutions and Governance 
653 |a Project Effectiveness 
653 |a Governance 
653 |a Development Project Success 
653 |a Project Design 
653 |a Public Sector Development 
653 |a Institutional Setting 
653 |a Development Aid Effectiveness 
653 |a World Bank Operations 
653 |a Development Economics and Aid Effectiveness 
653 |a Project Implementation 
700 1 |a Khan, Akib 
700 1 |a Goldemberg, Diana 
700 1 |a Friedman, Jed 
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520 |a The identification of key determinants of aid effectiveness is a long-standing question in the development community. This paper reviews the literature on aid effectiveness at the project level and then extends the inquiry in a variety of dimensions with new data on World Bank investment project financing. It confirms that the country institutional setting and quality of project supervision are associated with project success, as identified previously. However, many aspects of the development project cycle, especially project design, have been difficult to measure and therefore under-investigated. The paper finds that project design, as proxied by the estimated value added of design staff, the presence of prior analytic work, and other specially collected measures, is a significant predictor of ultimate project success. These factors generally grow in predictive importance as the income level of the country rises. The results also indicate that a key determinant of the staff's contribution is their experience with previous World Bank projects, but not other characteristics such as age, education, or country location. Key inputs to the project production process associated with subsequent performance are not captured in routine data systems, although it is feasible to do so. Further, the conceptualization and measurement of the success of project-based aid should be revisited by evaluative bodies to reflect a project's theorized contribution to development outcomes