Communication and performance in Bank-Fund joint participation

In this paper I relate Bank-Fund performance to their willingness (or ability) to communicate. I find evidence that a Bank-Fund simultaneous loan is associated to an increase in economic growth and that such effect is diminished by factors preventing full communication, such as the degree of Bank-Fund competition and the salience of informational asymmetries. Politically motivated loans seem-at least to some extent-stimulate more IMF-WB interaction, which turns out to be associated to a better country's performance.