Foreign aid and the governance of international financial organizations: the Brazilian-bloc case in the IMF and the World Bank

This article examines the relationship between the Brazilian foreign aid, in the context of South-South Cooperation (SSC), and the formation of coalitions in the IMF and the World Bank. It explores whether the participation of a country in the bloc led by Brazil in the two organizations affects the volume of Brazilian foreign aid received by this country. As decisions are made by the Executive Board both in the IMF and the World Bank, the study focus on the alliances for the selection of representatives in those arenas. Results confirm the hypothesis that countries that take part in Brazilian coalition for the formation of both the IMF's and World Bank's Executive Board receive more foreign aid than those that do not.