Understanding Success and Failure in Establishing New Multilateral Development Banks: The SCO Development Bank, the NDB, and the AIIB

2021 ◽  
Vol 45 (2) ◽  
pp. 445-467
Author(s):  
Bas Hooijmaaijers
Keyword(s):  
Development Bank ◽  
Multilateral Development Banks ◽  
Development Banks

IDB Group and Climate Action

2021 ◽  
Author(s):  
Keyword(s):  
Climate Change ◽  
Latin American ◽  
Paris Agreement ◽  
Climate Finance ◽  
Development Bank ◽  
Multilateral Development Banks ◽  
Climate Action ◽  
The Caribbean ◽  
Development Banks ◽  
Bank Group

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).

5 Membership

2018 ◽  
Author(s):  
Lichtenstein Natalie
Keyword(s):  
United Nations ◽  
Asian Development Bank ◽  
Development Bank ◽  
Multilateral Development Banks ◽  
New Members ◽  
Asian Development ◽  
International Bank ◽  
Board Of Governors ◽  
Development Banks ◽  
Almost All

Chapter 5, Membership, lays out the framework that was agreed for AIIB membership. AIIB membership is open to any member of the International Bank for Reconstruction and Development (IBRD) or Asian Development Bank (AsDB). All of the Prospective Founding Members that signed the AIIB Charter can become members (almost all have already joined). New members are approved by AIIB’s Board of Governors; more than twenty new members were approved in 2017. This Chapter describes the benefits for Founding Members, and the differences for regional and non-regional members. AIIB’s regional members are located in Asia, under a United Nations definition. Regional members are expected to represent 75% of AIIB’s shareholding, and the President must be a national of a regional member. AIIB also has provisions for withdrawal and suspension of membership, very close to the provisions for other multilateral development banks. Tables compare IBRD, AsDB and AIIB membership (regional and non-regional, and new AIIB approvals).

Holding Multilateral Development Banks to Account: Gateways and Barriers

2008 ◽  
Vol 10 (2) ◽  
pp. 199-226 ◽  
Author(s):  
Suresh Nanwani
Keyword(s):  
International Development ◽  
World Bank ◽  
Asian Development Bank ◽  
Development Bank ◽  
International Organisations ◽  
Multilateral Development Banks ◽  
International Bank ◽  
The World Bank ◽  
The World ◽  
Development Banks

AbstractThis article offers an examination of the development and operation of accountability mechanisms in multilateral development banks. These mechanisms are gateways for citizens, as non-state actors, to file their grievances in projects that adversely affect them against these international organisations at the international level. The study focuses on the accountability mechanisms established at the World Bank (International Bank for Reconstruction and Development and International Development Association) and the Asian Development Bank, and other initiatives and avenues provided by these institutions addressing accountability issues. The article offers an analysis of barriers encountered by claimants in accessing these mechanisms based on insights generated by way of claims filed and participation in accountability procedures. It suggests ways in which civil society's demands for accountability in multilateral development banks and other financial institutions can move forward.

Multilateral Development Banks and Law and Development Projects in Asia: Experiences and Directions

2016 ◽  
Vol 24 (1) ◽  
Author(s):  
Suresh Nanwani
Keyword(s):  
Social Services ◽  
World Bank ◽  
Poverty Reduction ◽  
Judicial Reform ◽  
Development Projects ◽  
Development Bank ◽  
Law And Development ◽  
Multilateral Development Banks ◽  
The World Bank ◽  
Development Banks

Beyond their traditional lending in sovereign and non-sovereign operations in sectors such as infrastructure, agriculture, and social services, multilateral development banks (MDBs) have included law and development projects in line with their mandates on economic development and poverty reduction. The spectrum of law and development activities has been broad-ranging from strengthening legal education to enhancing debate on judicial independence to promoting judicial reform projects and supporting initiatives on environmental justice. This article examines the roles played by MDBs in promoting law and development, and analyses four case studies of law and development projects (two from the World Bank and two from the Asian Development Bank). The article summarises the experiences learned by these institutions over the years and discusses the directions taken. The article concludes with recommendations on the measures that can be taken by these institutions, as well as other organisations, in continuing to engage with law and development projects.

scholarly journals Multilateral Development Banks in the World Economy: Business Specifics and Prospects for Cooperation with Russia

2019 ◽  
Vol 12 (1) ◽  
pp. 98-109
Author(s):  
V. V. Antropov
Keyword(s):  
Global Economy ◽  
World Economy ◽  
Development Bank ◽  
National Interests ◽  
Multilateral Development Banks ◽  
Current State ◽  
The World ◽  
African Development Bank ◽  
Development Banks ◽  
Cooperation System

The subject of the researchis the functioning of multilateral development banks in the world economy and prospects for their cooperation with Russia.The relevanceof the problem is due, firstly, to the need to make a revision of the Russian policy of cooperation with international financial organizations so as to use their practices in programs of socioeconomic transformations and expand the country’s presence in the global economy, and, secondly, to the availability of huge resources accumulated by the largest multilateral banks with prospects of their use for the domestic economy modernization.The purpose of the researchwas to consider the business specifics and prospects of cooperation of multilateral development banks with Russia with a focus on investment activities carried out by the World Bank divisions and three multilateral development banks — the African Development Bank, the Asian Development Bank and the Inter-American Development Bank — that are analyzed in terms of their functions at the regional level and in the world economy. The paper gives an assessment of the current state of Russia’s cooperation with multilateral development banks and examines its prospects.It is concludedthatRussia needs to develop an understanding of its own position with regard to the activities of the above organizations and build a cooperation system that would contribute to the realization of its national interests and be in line with the country’s economic development policies.

scholarly journals Multilateral Development Banks: Counter-cyclical Mandate and Financial Constraints

2020 ◽  
Vol 42 (3) ◽  
pp. 597-619
Author(s):  
Andrea Molinari ◽  
Leticia Patrucchi
Keyword(s):  
International Development ◽  
Financial Constraints ◽  
Developed Countries ◽  
Resource Dependency ◽  
Capital Adequacy ◽  
Development Bank ◽  
Least Developed Countries ◽  
Multilateral Development Banks ◽  
African Development Bank ◽  
Development Banks

Abstract Given their attractiveness as a source of financing for the least developed countries, multilateral development banks (MDBs) have grown in quantity and size supported by their sources of financing. We believe that this ‘resource dependency’ has not been sufficiently questioned in the literature, especially regarding the credit exposure these organizations have with their largest borrowing members. This article characterizes and identifies the differential effects of the three sources that make up the dependence on resources in the MDBs: capital contributions, leverage in the markets and their credit function. We analysed these sources particularly at the International Development Bank (IBRD), the Inter-American Development Bank (IDB) and the African Development Bank (AfDB) and in two recent events: the risk exchange implemented by the referred MDBs in 2015 and the effect of the Argentina’s selective default on the IDB’s capital adequacy (2014). We find an increasing relevance of leverage and the size of loans, which models a dependence on resources that weakens the development mandate of these organizations.

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