Prevents project proliferation; large average project size

Provides insurance against political risk for both domestic and foreign firms

Employs tax-sparing arrangements and foreign tax credits to prevent double taxation of corporate profits earned abroad

Small amount of private charitable giving attributable to tax policy (rank as a share of GDP: 16)

Large share of tied or partially tied aid (28%; rank: 17)

Selectivity: large share of aid to less poor and relatively undemocratic governments

Does not provide support for outflows of portfolio investment

Political risk insurance also given to inefficient, import-substituting projects