scholarly journals Public Participation and the Private Sector: The Role of Multilateral Development Banks in The Evolution of International Legal Standards

2011 ◽  
Vol 4 (2) ◽  
pp. 91-125 ◽  
Author(s):  
Daniel D. Bradlow ◽  
Megan S. Chapman
2020 ◽  
Vol 12 (3) ◽  
pp. 972 ◽  
Author(s):  
Mendez ◽  
Houghton

This article explores the role of multilateral development banks (MDBs) in originating norms of sustainable banking that have attracted and supported green private finance, a role not widely known in the management literature. Any prospect of achieving the United Nations (UN) Sustainable Development Goals by 2030 presupposes mobilizing the estimated US$23.3 trillion currently locked-up in risk-averse private savings to bridge the gap between developing countries’ demand for capital and the current global financial architecture’s capacity to supply it. The three biggest obstacles to sustainable banking identified by the authors are discussed: (1) The uncertain bankability of projects; (2) non-transparency in tracking sustainable capital flows; and (3) no universal mechanism capable of making matches between green investment supply and demand; and what MDBs have actually done to overcome these roadblocks, and might do in future, is also discussed. Seen through the lens of “applied constructivism”, MDBs are revealed to be norm entrepreneurs proactive since at least the 1970s in socially constructing most of the basic norms and practices of sustainable banking which the private sector relies on or is now striving to take up. MDBs are typically the first “port of call” for international governmental organizations (IGOs) and civil society organizations wishing to establish a sustainable financial framework for development; and are the likeliest political agents to pioneer sustainable banking in future. MDBs would do well to develop an awareness of the methods of Constructivism, which they have actually been unwittingly using, to empower themselves to meet the challenges of the 21st century.


INFERENSI ◽  
2015 ◽  
Vol 7 (1) ◽  
pp. 183
Author(s):  
Syarifah Ema Rahmaniah

This article discusses the role of GENBI in increasing the community participation in developing the Bidai craft in Jagoi Babang Bengka using incubator business program in cooperation with Bank Indonesia. This paper uses qualitative methods by using in depth interview towards Bidai craftsmen in Jagoi Babang and the community leaders who are competent about the issue of border development. Using Arstein Ladder method, it is identified that there is a significant increase of community participation in the business incubator program. It is on the fifth and the sixth phase, namely partnership and placation. The Synergy cooperation among government, the private sector and the community is needed in order to increase public participation. Government affirmative action becomes important to be pursued to control the bidai craft productivity and create a socio economic network among the craftsmen.


1999 ◽  
Vol 4 (1) ◽  
pp. 45-68
Author(s):  
JØRGEN KARTHUM HANSEN ◽  
STEIN HANSEN

This study addresses the role of multilateral development banks and their effectiveness in bringing environmental considerations, issues and consequences into structural and sectoral adjustment programmes in developing countries. It addresses a series of complex generic issues showing that such programmes cannot be meaningfully studied in isolation from other aid cooperation and government development programmes. The study proposes and discusses alternative explanations on how the multilateral development banks may have influenced thinking in borrowing countries. By looking more closely at the Philippines the study provides an insight into the dynamics and diversity of such programme lending and how its design can affect resource management and the environment in benign or adverse ways. It shows what complementary remedial action can be taken when institutional barriers, policy failures and market failures threaten the environment. It provides an analysis of how awareness of such interlinkages has emerged since 1980 and manifested itself in aid cooperation in general and in economy-wide adjustment lending in particular since 1987, while gradually being absorbed in governmental development plans and programmes with varying degrees of domestic ownership. In particular, we find that there seems to have been shifts in the World Bank and the Asian Development Bank's environmental policies after the publication of the Brundtland Commission Report in 1987.


2020 ◽  
Vol 15 (1) ◽  
pp. 190-195
Author(s):  
Andrei Shelepov ◽  

The review covers the 2018 IMF working paper “Borrowing Costs and The Role of Multilateral Development Banks: Evidence from Cross-Border Syndicated Bank Lending.” It is acknowledged that cross-border bank lending is becoming an increasingly important source of external financing for developing countries and therefore can play a key role in infrastructure development. The working paper examines the impact of participation by multilateral development banks (MDBs) in loan syndicates on the terms of loan deals, with a particular emphasis on loan pricing. The results of the study show that MDB participation is associated with higher borrowing costs and longer maturities, indicating a greater willingness on the part of MDBs to finance projects with higher risks which may otherwise be unattractive to private investors. In addition, MDB participation is associated with lower spreads for riskier borrowers compared to similar loans from private banks. The authors show that MDBs can help mobilize private investment in developing countries, including in infrastructure, through risk mitigation.


2018 ◽  
Vol 18 (263) ◽  
pp. 1 ◽  
Author(s):  
Daniel Gurara ◽  
Andrea Presbitero ◽  
Miguel Sarmiento

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