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Document Type

Conference Paper

Publication Date

10-4-2004

Conference Name

World Bank OED Conference on Effectiveness of Policies and Reforms

Conference Location

Washington D.C.

Conference Dates

October 4, 2004

Series

Faculty Research - Book Chapters and Conference Papers

First Page

1

Last Page

3

Keywords

Reforms Policies, Pakistan

Abstract / Description

The OED has done all of us a great service by carrying out evaluations of Bank Country Programmes in a systematic manner using a common framework. The findings of these studies should be of value not only to the Bank’s own operational staff but also to the economic managers of the client countries. As someone who has had the good fortune of working on both sides of the table, I would like to share some of my thoughts with you on the findings of these studies. First, let me begin by saying that I find myself in agreement with some of the conclusions of this report and there are at least three such broad areas: (a) I believe, just like the OED Report, that Aid is neither necessary nor sufficient for good policy. Aid can complement and catalyze the political and administrative processes by fostering and reinforcing the development of ownership but aid per se is no substitute for ownership. (b) I also think that conditionality per se is ineffective in linking aid with reform because the incentive structure makes it difficult for donors to disengage when conditions are not met. The donors should avoid micromanagement and focus on results.

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