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.

10 Reflections

2018 ◽  
Author(s):  
Lichtenstein Natalie
Keyword(s):  
International Relations ◽  
World Bank ◽  
Future Development ◽  
Asian Development Bank ◽  
Development Bank ◽  
Multilateral Development Banks ◽  
The World Bank ◽  
The World ◽  
African Development Bank ◽  
Financial Environment

Chapter 10, Reflections, draws on the histories of AIIB’s predecessors to single out themes that may prove relevant for AIIB’s future development. Examples are taken from the stories of the World Bank, and the Inter-American Development Bank (IADB), the Asian Development Bank (AsDB), the African Development Bank (AfDB) and the European Bank for Reconstruction and Development (EBRD). Principal themes are: economic and financial environment; international relations and politics; funding; membership changes; major shareholders; clients and operations; leadership and governance; and attitudes toward change. While AIIB has been established in a world far different from the second half of the twentieth century that saw the birth of its predecessors, many of these aspects of the development of these multilateral development banks may prove similarly influential as AIIB’s future unfolds.

scholarly journals CURRENT TRENDS IN ENSURING THE COMPETITIVENESS OF COUNTRIES IN THE GLOBAL ECONOMY

2020 ◽  
pp. 55-63
Author(s):  
Tetiana Marchenko ◽  
Vitalii Okhota
Keyword(s):  
Economic Development ◽  
Global Economy ◽  
World Economy ◽  
National Interests ◽  
National Importance ◽  
Theoretical Approaches ◽  
Modern Development ◽  
The World ◽  
Economy Globalization ◽  
National Economies

Introduction. Modern development of the world economy and especially the processes of globalization of the world economy, increasing the interdependence of economies, the formation of global commodity and financial markets have led to increased interest in the problem of increasing the competitiveness of countries involved in these processes. Issues of competitiveness at the level of the economy in the degree of urgency are among the issues of national importance, as they are closely linked to the achievement of dynamic economic development of the country and improving the living standards of its population. Methods. The theoretical and methodological basis of the study is the fundamental provisions of economics, the work of domestic and foreign economists to study the competitiveness of countries in the global economy. Materials of publications in periodicals, monographs on the researched problem are used in the article. Results. The main theoretical approaches to determining the competitiveness of countries in the global economy are considered in the article. The main functions of the state in strengthening the position of competitiveness of countries in the context of strengthening globalization are highlighted. Ukraine's positioning in the ranking of countries by the level of globalization is made and proposals are made to increase its competitiveness in the global economy. Discussion. The analysis of the positions of competitiveness of countries in the global economy provides an opportunity to deepen the theoretical and methodological foundations and development of practical recommendations for improving the competitiveness of Ukraine, which forms the prospects for further scientific research. Key words: competitiveness of countries, global economy, globalization, national economies, national interests, internationalization, economic development.

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.

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.

1 Beginnings

2018 ◽  
Author(s):  
Lichtenstein Natalie
Keyword(s):  
World Bank ◽  
Asian Development Bank ◽  
Infrastructure Investment ◽  
Development Bank ◽  
Investment Bank ◽  
Multilateral Development Banks ◽  
The World Bank ◽  
The World ◽  
African Development Bank

Chapter 1, Beginnings, introduces the Asian Infrastructure Investment Bank (AIIB), the book and its author. The origins of the AIIB proposal by China are discussed, along with the global economic and geo-political aspects that led to its establishment. There are comparisons to the establishment of other multilateral development banks: the World Bank, and the Inter-American Development Bank (IADB), the Asian Development Bank (AsDB), the African Development Bank (AfDB) and the European Bank for Reconstruction and Development (EBRD). The steps in the negotiating process in 2014–2015 are summarized, and presented in a table of the 57 countries that participated. The author describes her role in drafting the AIIB Charter and some of the considerations in the choice of model.

scholarly journals Оцінка стану криптовалютного ринку та його перспектив під впливом коронавірусу

2020 ◽  
pp. 106-117
Author(s):  
Сперчун О.В. ◽  
Кудрицька Ж.В.
Keyword(s):  
Global Economy ◽  
World Economy ◽  
Careful Study ◽  
Financial Assets ◽  
Economic Changes ◽  
Goods And Services ◽  
Blockchain Technology ◽  
Current State ◽  
The World ◽  
The Impact

Nowadays in the world economy, there is a tendency to invest in alternative, digital assets. Currently, the problem of integration of cryptocurrencies into the international financial system and the spread of the use of cryptocurrencies as a means of payment for goods and services is relevant. The following scientists have considered the development of the cryptocurrency economy: Beck K., M. Carney, M. Chea, E. Fry, J. Chung A., Roca E., Cooper M. and others. However, changes in the global economy caused by the coronavirus pandemic have significantly affected the cryptocurrency market and require more careful study and analysis. The article is devoted to the study of the current state of the cryptocurrency market and the changes that have taken place under the influence of the coronavirus. The price characteristics of the main cryptocurrencies over the last few months, their state, and reaction to changes in the world economy are considered. The article presents statistics of the cryptocurrency Bitcoin for the last few months, as well as other traditional financial assets. The technological characteristics of the cryptocurrency Bitcoin, the mechanisms of its functioning, and the possibilities of its application in related economic spheres are also considered. The impact of traditional financial assets on the cryptocurrency economy and the role of the cryptocurrency Bitcoin as a protective financial asset are analyzed. The terms of the functioning of the decentralized financial platform Bitcoin on the basis of Blockchain technology are considered. Perspective for the development of the cryptocurrency economy and key economic indicators of the cryptocurrency Bitcoin is also analyzed. The purpose of this work is to analyze the dynamics of prices for major cryptocurrency assets in the cryptocurrency market, due to global economic changes caused by the coronavirus pandemic and further prospects for the digital economy. It also described the influence of certain factors on the pricing of Bitcoin cryptocurrency.

scholarly journals Regional Development Banks in the World Economy

2021 ◽  
Keyword(s):  
Regional Development ◽  
World Economy ◽  
Business Models ◽  
The United States ◽  
Development Bank ◽  
Investment Bank ◽  
The World ◽  
Development Banks ◽  
European Investment ◽  
Regional Development Banks

Regional development banks (RDB) have become increasingly important in the world economy, but have also been relatively under-researched to date. This timely volume addresses this lack of attention by providing a comprehensive, comparative, and empirically informed analysis of their origins, evolution, and contemporary role in the world economy through to the second decade of the twenty-first century. The editors provide an analytical framework that includes a revised categorization of RDB by geographic operation and function. In part one, the chapter authors offer detailed analyses of the origins, evolution, and contemporary role of the major RDB, including the Inter-American Development Bank, the African Development Bank, the Asian Development Bank, the European Investment Bank, the Central American Bank, the Andean Development Corporation, the European Bank for Reconstruction and Development, and the Asian Infrastructure Investment Bank. In part two, the authors engage in comparative analyses of key topics on RDB, examining their initial design and their changing business models, their shifting role in promoting policies supported by the United States as hegemon and the private sector. The volume ends with a critical reflection on the role played by RDB to date and a strong defence of the need for these banks in an increasingly complex world economy.

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