Do IMF and World Bank Influence Voting in the Un General Assembly?
46 Pages Posted: 1 Jun 2006
Date Written: May 2006
Using panel data for 188 countries over the period 1970-2002 this paper empirically analyzes the influence of the IMF and the World Bank on voting patterns in the UN General Assembly. Countries receiving adjustment programs and larger non-concessional loans from the World Bank vote more frequently in line with the average G7 country. The same is true for countries obtaining non-concessional IMF programs. Regarding voting coincidence with the US, World Bank (concessional and non-concessional) loans have a significant impact, while the IMF has not. These results are robust to the inclusion of control variables and method of estimation.
Keywords: IMF, World Bank, UN General Assembly, voting, aid
JEL Classification: F33
Suggested Citation: Suggested Citation