Blended concessional finance for private sector projects is one of the significant tools that Multilateral Development Banks and development finance institutions can use, in cooperation with donors and other development partners, to increase finance for important private sector activities, help address the Sustainable Development Goals (SDGs), and mobilize private capital. This paper summarizes th...
Exposure to fecal contamination is a leading cause of childhood infectious diseases in low- and middle-income countries. Low-quality sanitation infrastructure and inadequate maintenance can make on-site solutions such as latrines connected to septic tanks and cesspools prone to spillage, exposing children to sewage. This paper uses a unique dataset with independent verification of sewage in an...
The paper shows that international government borrowing from multilateral development banks is countercyclical while international government borrowing form private sector lenders is procyclical. The countercyclicality of official lending is mostly driven by the behavior of the World Bank (borrowing from regional development banks tends to be acyclical). The paper also shows that official sector ...
Public expenditures on non-contributory pensions are equivalent to at least one percent of GDP in several countries in Latin America and is expected to increase. We explore the effect of non-contributory pensions on the well-being of the beneficiary population by studying the Pension 65 program in Peru, which uses a poverty eligibility threshold. We find that the program reduced the average sc...
While the effects of conditional cash transfers on primary school enrollment, attendance and dropouts are well documented, few studies address their impact on longer-term outcomes like high-school graduation. The literature is even scarcer regarding how changes in the amount of school grants affect educational outcomes, particularly in middle and high school, where dropout rates are much h...
This study aims at showing how the effects of productive credit to rural producers in Mexico can be estimated by exploiting the characteristics of the loan approval process, using a regression discontinuity design based on credit scoring models.
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