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 dimension...
| Main Authors: | , , , , , , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2021
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/undefined/394731639508728939/A-Puzzle-with-Missing-Pieces-Explaining-the-Effectiveness-of-World-Bank-Development-Projects http://hdl.handle.net/10986/36742 |
| Summary: | 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. |
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