scholarly journals The dual transformation in development finance: western multilateral development banks and China in post-Soviet energy

Author(s):  
Morena Skalamera Groce ◽  
Seçkin Köstem
Author(s):  
James Leigland

This chapter focuses on independent power producer (IPP) projects, by far the most successful kind of public–private partnership (PPP) in the developing world. These projects generate more investment in developing countries than all other forms of PPP combined. However, the development community exhibits ambivalence towards independent power producer (IPP) projects. They are supposed to work best in power sectors that are being reformed, where user tariffs are cost reflective and off-taker utilities are creditworthy. Yet, in practice, many influential multilateral development banks (MDBs), development finance institutions (DFIs), and donors are encouraging the use of IPP projects virtually everywhere in the developing world, whether or not sector reforms are taking place. This reflects a policy dilemma: most low-income countries desperately need more generating capacity, but should the development of IPP projects be delayed until progress is made on broader sector reforms? How can these policy dilemmas be resolved? Who can make that happen?


Author(s):  
Lichtenstein Natalie

Chapter 3, Mandate, discusses the provisions in the AIIB Charter that encapsulate AIIB’s mandate. These provisions address the overarching objectives that the Prospective Founding Members saw for AIIB. The Chapter explains the Preamble to the AIIB Charter, and compares it with other Charters. Then the separate clauses that govern AIIB’s legal purpose and AIIB’s functions are described, and also compared to the similar clauses for other multilateral development banks. Key elements are regional economic development, development finance, infrastructure investment, supplementing private finance and multilateral collaboration. AIIB’s cooperation arrangements with other international organizations are summarized. This Chapter concludes by enumerating the clauses in the AIIB Charter where the purpose and functions have particular legal significance, setting a framework for AIIB to evolve into new areas and functions.


2021 ◽  
Author(s):  

As one of the leading development partners for Latin American and the Caribbean (LAC), the Inter-American Development Bank Group (IDB Group) is fully committed to lead by example on climate change action. Since the signing of the Paris Agreement, the IDB Group has provided over $20 billion in Climate Finance, amounting to about 60% of all Climate Finance to the region from Multilateral Development Banks (MDBs).


2019 ◽  
Author(s):  
Chiara Broccolini ◽  
Giulia Lotti ◽  
Alessandro Maffioli ◽  
Andrea Presbitero ◽  
Rodolfo Stucchi

2018 ◽  
Vol 28 (1) ◽  
pp. 28-53
Author(s):  
Daniel Braaten ◽  
Maui Orozco ◽  
Jonathan R. Strand

This article examines the drivers of American support for environmental projects in the multilateral development banks (MDBs). We first describe how U.S. Executive Directors are guided by Congressional directives regarding environmental aspects of MDB projects. The article then turns to statistical analysis of the strategic and normative drivers of U.S. positions on MDB projects. Our analysis finds mixed support for environmental factors driving U.S. votes. The United States is more inclined to vote against “dirty” projects (i.e., mining, coal, and oil) rather than specifically support “green” projects (i.e., projects related toward climate change or biodiversity). The overall environmental performance of a country had a minor influence on whether the United States would support proposals from that country, but the United States was much more likely to disapprove of a project if a project failed to undergo an environmental analysis or failed the analysis in anyway.


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