Improving upon the World Bank’s Country Policy and Institutional Assessment: A New Performance Indicator Based on Aid Effectiveness

This article questions the relevance of the different measures of policy performance that are currently used by international organizations to allocate development aid. It evaluates more especially the pertinence of the World Bank’s Country Policy and Institutional Assessment (CPIA). Using a cross-c...

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Published in:Journal of globalization and development 2014-01, Vol.5 (2), p.213-233
Main Author: Cage, Julia
Format: Article
Language:English
Subjects:
Business metrics
conditionality
Developing countries
development aid allocation
Economics and Finance
Enrollments
F35
H50
Humanities and Social Sciences
International organizations
LDCs
O10
O19
performance criteria
Poverty
selectivity
World Bank’s CPIA
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creator Cage, Julia
description This article questions the relevance of the different measures of policy performance that are currently used by international organizations to allocate development aid. It evaluates more especially the pertinence of the World Bank’s Country Policy and Institutional Assessment (CPIA). Using a cross-country panel dataset over 146 countries between 1977 and 2008, I show that while the CPIA is correlated with current growth, it is not a good predictor for future growth. I then discuss the relevance of several instruments for aid allocation. In particular, I propose a performance indicator based on “aid effectiveness” to allocate aid selectively, and discuss a new way of assessing time-varying aid effectiveness.
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subjects Business metrics
conditionality
Developing countries
development aid allocation
Economics and Finance
Enrollments
F35
H50
Humanities and Social Sciences
International organizations
LDCs
O10
O19
performance criteria
Poverty
selectivity
World Bank’s CPIA
title Improving upon the World Bank’s Country Policy and Institutional Assessment: A New Performance Indicator Based on Aid Effectiveness
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