Paper: Giuseppe Zaccaria (PIS/IR) "Sharing is caring until hard times hit? How economic crises affect states’ funding for international organizations"
Discussant: Giedre Jokubauskaite
 
Wed. 30 October 2024 ‖  3:00-4:30pm  ‖  ARC 225 ‖ Global Political Economy cluster
 
Abstract: This article examines whether and how economic crises in donor states affect their multilateral funding. More specifically, the article focuses on the effect of monetary, financial, and banking crises on the volume of earmarked funding provided to multilateral institutions and the degree of earmarking attached to those funds by donor states. To test its expectations, the article relies on data on multilateral funding flows and economic crises in donor states between 1990 and 2020. The results show that economic crises are associated with less earmarked funding as well as stricter earmarking by donors. The results also suggest that donor-considerations towards earmarked funding during economically challenging times may vary according to their relations with recipient countries and the perceived domestic consequences of crises. The results have implications for scholars of financing in the multilateral system as well as practitioners. 

First published: 30 October 2024

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