scholarly journals Financial Additionality of Multilateral Development Banks in Private Participation in Infrastructure Projects

2021 ◽  
Vol 13 (15) ◽  
pp. 8412
Author(s):  
Hiroyuki Taguchi ◽  
Kota Yasumura
Keyword(s):  
Low Income ◽  
Low Income Countries ◽  
Host Countries ◽  
Multilateral Development Banks ◽  
Government Effectiveness ◽  
The World Bank ◽  
Private Participation ◽  
Development Banks ◽  
The Empirical Analysis ◽  
Total Average

This paper aims to provide empirical evidence for demonstrating financial additionality of multilateral development banks (MDBs) in private participation in infrastructure (PPI) projects in terms of financing beyond what is available in the markets. To verify MDB financial additionality, this study examines whether the PPI projects with multilateral support have significantly larger investment commitments than the total average projects by using the PPI database of the World Bank for 1996–2020. The empirical analysis identifies MDB financial additionality, in that the larger investment commitments of multilateral-supported projects beyond the average are confirmed in any income levels and regions in host countries and any sectors and types in the projects. In particular, MDB financial additionality is valid even in low-income countries where private finance is still too premature to be available. In the host countries where their government effectiveness is in the poorest edge, however, MDB financial additionality loses its significance, thereby requiring the governance enhancement and capacity building in the host countries and innovative blended finance instruments for its additionality to work.

SSA’s IPP Policy Dilemma

2020 ◽  
pp. 175-201
Author(s):  
James Leigland
Keyword(s):  
Developing Countries ◽  
Low Income ◽  
Developing World ◽  
Public Private Partnership ◽  
Low Income Countries ◽  
Multilateral Development Banks ◽  
Private Partnership ◽  
Development Finance ◽  
Generating Capacity ◽  
Development Banks

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?

scholarly journals A managerial approach for the coherent development of sustainable development law

2018 ◽  
Vol 17 (2) ◽  
pp. 83-99
Author(s):  
Stephanie De Moerloose ◽  
Makane Moïse Mbengue
Keyword(s):  
Sustainable Development ◽  
International Law ◽  
World Bank ◽  
Integrated Development ◽  
Multilateral Development Banks ◽  
Law System ◽  
The World Bank ◽  
The World ◽  
Development Banks ◽  
European Investment

While judicial bodies have proliferated in the last fifty years in a process that has been deemed “quasi-anarchic” (Guillaume, G., 2000) creating a risk of inconsistency in their decisions which would endanger the international law system, quasi-judicial bodies such as Multilateral Development Banks' accountability mechanisms are not spared by this legal phenomenon. They have diverse proceedings and jurisdictions, operate with different sets of environmental and social safeguards, but may confront similar factual scenarios, especially in the case of co-financing. The recent Kenya Electricity Expansion Project presented before the World Bank and the European Investment Bank’s accountability mechanisms illustrates that, through a managerial approach, potentially conflicting findings can be avoided. This paper aims to show that quasi-judicial bodies can constitute a source of inspiration for the integrated development of international law.

The World Bank and Educational Assistance

2017 ◽  
Author(s):  
D. Brent Edwards ◽  
Inga Storen
Keyword(s):  
Education Reform ◽  
World Bank ◽  
Low Income ◽  
Technical Assistance ◽  
International Political Economy ◽  
Low Income Countries ◽  
Educational Assistance ◽  
Country Level ◽  
The World Bank ◽  
The World

Since the 1950s, the World Bank’s involvement and influence in educational assistance has increased greatly. The World Bank has not only been a key player, but, at times, has been the dominant international organization working with low-income countries to reform their education systems. Given the contributions that education makes to country development, the World Bank works in the realm of education as part of its broad mission to reduce poverty and to increase prosperity. This work takes the form of financing, technical assistance and knowledge production (among others) and occurs at multiple levels, as the World Bank seeks to contribute to country development and to shape the global conversation around the purposes and preferred models of education reform, in addition to engaging in international processes and politics with other multi- and bilateral organizations. The present article examines the work of the World Bank in historical perspective in addition to discussing how the role of this institution has been theorized and research by scholars. Specifically, the first section provides an overview of this institution’s history with a focus on how the leadership, preferred policies, organizational structure, lending, and larger politics to which it responds have changed over time, since the 1940s. Second, the article addresses the ways that the World Bank is conceptualized and approached by scholars of World Culture Theory, international political economy, and international relations. The third section contains a review of research on (a) how the World Bank is involved in educational policy making at the country level, (b) the ways the World Bank engages with civil society and encourages its general participation in educational assistance, (c) what is known about the World Bank in relation to policy implementation, and (d) the production of research in and on the Bank.

scholarly journals The Effect of Globalization on Economic Development Indicators: An Inter-Regional Approach

2020 ◽  
Vol 12 (5) ◽  
pp. 1942 ◽  
Author(s):  
Pedro Antonio Martín Cervantes ◽  
Nuria Rueda López ◽  
Salvador Cruz Rambaud
Keyword(s):  
Economic Development ◽  
World Bank ◽  
Low Income ◽  
Public Expenditure ◽  
Low Income Countries ◽  
Development Indicators ◽  
The World Bank ◽  
The World ◽  
Economic Institute ◽  
Double Character

Background: The analysis of the problems derived from globalization has become one of the most densely studied topics at the beginning of this millennium, as they can have a crucial impact on present and future sustainable development. This paper analyzes the differential patterns of globalization in four worldwide areas predefined by The World Bank (namely, High-, Upper-Middle-, Lower-Middle-, and Low-Income countries). The main objective of this work is to estimate the effect of globalization on some economic development indicators (specifically per capita income and public expenditure on health) in 217 countries over the period 2000–2016. Methods: Our empirical approach is based on the implementation of a novel econometric methodology: The so-called Toda–Yamamoto procedure, which has been used to analyze the possible causal relationships between the involved variables. We employ World Development Indicators, provided by The World Bank, and the KOF Globalization Index, elaborated by the KOF Swiss Economic Institute. Results: The results show that there is a causal relationship in the sense of Granger between globalization and public expenditure on health, except in High-Income countries. This can be interpreted both negatively and positively, confirming the double character of globalization, as indicated by Stiglitz.

2005 Review of the Poverty Reduction Strategy Approach - Balancing Accountabilities and Scaling Up Results

Policy Papers ◽  
2005 ◽  
Vol 2005 (67) ◽  
Author(s):  
Keyword(s):  
World Bank ◽  
Low Income ◽  
Poverty Reduction ◽  
Scaling Up ◽  
Low Income Countries ◽  
New Approach ◽  
The World Bank ◽  
Reduction Strategies ◽  
Poverty Reduction Strategy ◽  
The International Monetary Fund

In December 1999, the World Bank (the Bank) and the International Monetary Fund (the Fund) introduced a new approach to their relations with low-income countries, centered around the development and implementation of poverty reduction strategies (PRS) by the countries as a precondition for access to debt relief and concessional financing from both institutions. These strategies were also expected to serve as a framework for better coordination of development assistance among other development partners.

2 Highlights

2018 ◽  
Author(s):  
Lichtenstein Natalie
Keyword(s):  
World Bank ◽  
The Other ◽  
Multilateral Development Banks ◽  
The World Bank ◽  
The World ◽  
Key Features ◽  
Similarities And Differences ◽  
Development Banks ◽  
Set Up

Chapter 2, Highlights, offers a survey of the key features of the AIIB Charter that define AIIB, in close comparison with the Charters of other multilateral development banks (AfDB, AsDB, EBRD, IADB and the World Bank). The highlights of the coming Chapters are summarized, offering answers to the basic questions about AIIB: Why establish AIIB? (Mandate, Chapter 3) What will AIIB do? (Investment Operations, Chapter 4) Who will join AIIB? (Membership, Chapter 5) How will AIIB be funded? (Capital and Finance, Chapter 6) How will AIIB be run? (Governance, Chapter 7) How was AIIB first set up? (Transitions, Chapter 8) How will the organization work? (Institutional Matters, Chapter 9). The Chapter concludes with some observations about heritage and innovation in the AIIB Charter, outlining principal similarities and differences with the other Charters.

The Carbon Externality of Investments Financed by China’s Development Banks: The Case of Energy Investments in Central Asia

2019 ◽  
Vol 20 (2-3) ◽  
pp. 335-354
Author(s):  
Hao Zhang
Keyword(s):  
Central Asia ◽  
Development Policy ◽  
Carbon Intensity ◽  
Host Countries ◽  
Screening Process ◽  
Development Finance ◽  
The World Bank ◽  
Chinese Overseas ◽  
Development Banks ◽  
Project Screening

Abstract Most Chinese overseas energy investments financed by China’s development banks flow into fossil fuel extraction and coal-fired plants. The carbon intensity of Chinese foreign energy investments imposes environmental and social costs on host states. Building on the literature related to the environmental reform of the World Bank, this article critically analyses the carbon-intensive projects backed by China’s development finance in Central Asia. It shows that China’s energy investments in the region will face increasing carbon-related regulatory risks. So far, the transition towards a more environmentally-driven development policy has been limited in China. However, the increasing importance of climate regulations in host countries is likely to induce fundamental changes to the project-screening process of China’s energy development finance.

Global oncology authorship and access patterns.

2020 ◽  
Vol 38 (15_suppl) ◽  
pp. 7061-7061
Author(s):  
Maria Teresa Bourlon ◽  
Brenda Jimenez ◽  
Charbel Fadi Matar ◽  
Emilie M. Gunn ◽  
Ophira M. Ginsburg ◽  
...  
Keyword(s):  
Low Income ◽  
Cancer Control ◽  
Open Access Journal ◽  
Low Income Countries ◽  
Cancer Data ◽  
The World Bank ◽  
The World ◽  
Funding Opportunities ◽  
Access Patterns ◽  
The Voice

7061 Background: Global Oncology is a movement to improve equitable access to cancer control and care, recognizing challenges due to economic and social factors between high, middle, and low-income countries (HIC, MIC, LIC). Access to local, regional, and global cancer data and analysis is a major driver for building a global oncology community. The JCO Global Oncology (JCO GO) online open access journal was established in 2015 with the mission to be the voice of research relevant to populations with limited resources. To assess its goals of encouraging global interaction and increasing MIC and LIC engagement, we analyzed authorship and accessing data. Methods: Logged views of articles published in 2018 were identified by DOI, using Google Analytics during the period 01/01/2018 to 06/30/2019. The country of origin of all authors and the location of downloads were classified according to the 218 economies listed in The World Bank Data (WBC) of 2019. Results: 132 articles were published in JCO GO in 2018 with 88152 views, from which the accessing nation was identified for 99%. Views originated from 180 countries: 35% HIC, 51% MIC, and 14% LIC. The most common accessing countries were: USA (37%), India (14%), United Kingdom (3%), Brazil (3%), and Ethiopia (3%). Corresponding authors came from 34 nations: 60% HIC, 32% MIC, and 8% LIC. The most common economies involved in any authorship were: USA (47%), India (10%), Brazil (5%), Mexico (4%), and Nigeria (3%). Reader origin did not differ according to corresponding author WBC. Article authorship was exclusively from one economic category in 49%: 23% HIC 16% MIC, 2% LIC. For 59% of articles, authorship came from mixed economies: 42% HIC + MIC, 11% HIC + LIC, 0% MIC + LIC, 6% HIC + MIC + LIC. Conclusions: JCO GO ’s reach extends to over 80% of the world´s economies. The majority of articles have authors from mixed WBC countries. Areas identified to address are: low level of LIC corresponding authorship; few papers from authors across all economies; no papers from only LMICs authors; low percentage of views by LIC. This information provides focus for global oncology authorities to target interventions to reduce the academic segregation of LICs, such as global oncology funding opportunities, mentorship and policies to encourage interactions and develop MIC and LIC leaders.

Beyond Criminal Law

2017 ◽  
Author(s):  
Mark Pieth
Keyword(s):  
World Bank ◽  
Criminal Law ◽  
Preventive Measures ◽  
Multilateral Development Banks ◽  
The World Bank ◽  
The World ◽  
The Face ◽  
Development Banks ◽  
Administrative Sanctions ◽  
Regulatory Sanctions

This chapter discusses administrative sanctions and preventive measures that go beyond criminal law to fight corruption such as states and Multilateral Development Banks (MDBs). They have developed a set of regulatory sanctions more directly aiming at the prevention of abuses by companies and individuals and protecting the interests of their respective institutions. Domestic procurement rules as well as the regulations developed by MDBs foresee cancellation of loans in the face of concrete misbehavior. Domestic agencies would also be able to stay subsidies or export insurance. Furthermore, domestic agencies and MDBs have introduced detailed sanctions procedures allowing debarment of corporations and individuals from future participation in procurement or from eligibility for export insurance. The debarment procedures established by MDBs may be regarded as a worldwide example of such administrative sanctioning, and one of the largest is the World Bank.

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