Reuters/Khaled Abdullah - A street vendor selling raisins waits for customers at a street market in Sanaa November 22, 2011.
Report | Global Working Papers
The Wisdom of Crowd-Funders: What Motivates Cross-Border Private Development Aid?
Raj Desai and Homi Kharas examine the rapid growth in crowd-funded private development aid, in particular Kiva, the largest provider to developing nations. They assess its allocation, impact on the supply of private development aid, and determine the extent to which private preferences differ from official aid agency allocative mechanisms.