scholarly journals The Role of International Institutions (E.G. World Bank) In Co-Financing Public Institutions in Nigeria: Obstacles and Challenges for an Effective and Transparent Procedure.

2019 ◽  
Vol 6 (4) ◽  
pp. 577-603
Author(s):  
Lohya Ibrahim Lakai
Keyword(s):  
World Bank ◽  
International Institutions ◽  
Public Institutions ◽  
Development Bank ◽  
German Development ◽  
The World Bank ◽  
The World ◽  
African Development Bank ◽  
Paris Club

Nigeria as a state is a member of many international institutions and organizations. Nigeria has also benefited from these institutions particularly financial institutions. For example, the World Bank, International Monetary Fund (IMF) Paris club, The German Development Bank (KWF), African Development Bank, etc. through loans, grants and aid assisted the Nigerian Government in funding some projects and institutions. Despite this funding, Nigeria Institutions continues show little or no impact commensurate to the funding plunged. This work tries to discuss the role of international institutions in co-financing public institutions in Nigeria. In discussing the role of international institutions, the obstacles and challenges for an effective and transparent procedure will be considered as well as proffer solutions to them.

Leveraging Broadband for e-Government and Development in Africa

2015 ◽  
pp. 569-591
Author(s):  
Stephen Kwamena Aikins
Keyword(s):  
Economic Growth ◽  
Best Practices ◽  
World Bank ◽  
Development Bank ◽  
African Development ◽  
Mobile Broadband ◽  
The World Bank ◽  
The World ◽  
Substantial Progress ◽  
African Development Bank

This study investigated the extent and benefits of Africa's broadband connectivity, its impact on e-government and economic growth, and the challenges and best practices for addressing them. Studies by the UN and ITU over the years have revealed Africa lags behind in the global broadband connectivity and e-government diffusion. The Connect Africa summit held in 2007 by the ITU and its partners came out with five specific goals to connect the continent and help improve its economy. This study reviewed the Connect Africa Outcomes Report, and analyzed the publications of three independent studies conducted by: a) the ITU, b) the World Bank and the African Development Bank, and c) Informa Telecoms and Media. The findings reveal that Africa has made substantial progress in international connectivity and mobile broadband penetration. Additionally, broadband connectivity has contributed toward some improvements in e-government initiatives and economic growth. The study concludes with recommendations to address the existing challenges to consolidate the gains made.

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.

Holding Intergovernmental Institutions to Account

2003 ◽  
Vol 17 (1) ◽  
pp. 69-80 ◽  
Author(s):  
Ngaire Woods
Keyword(s):  
World Bank ◽  
International Institutions ◽  
Political Accountability ◽  
The World Bank ◽  
The World ◽  
Internal Accountability ◽  
The Right ◽  
National Governments ◽  
Political Decisions

How can governments and peoples better hold to account international economic institutions, such as the WTO, the World Bank, and the IMF? This article proposes an approach based on public accountability, advocating improvements in four areas: constitutional, political, financial, and internal accountability.The argument for more accountability is made with two caveats: more accountability is not always good–it can be distorting and costly; and, enhancing the accountability of international institutions should not justify increasing their jurisdiction for the sake of reducing the role of national governments. Constitutional accountability poses limits on how the institutions expand their activities, requiring the active consent of all members and particularly those most affected by their activities. Political accountability requires that those who make decisions in the organizations are directly answerable to all member governments and not just to the most powerful ones. The institutions' uneven record and structure of financial accountability is addressed through a model of mutual restraint. Finally, the internal accountability should ensure that technical decisions are distinguishable from political decisions. A better matching of the right kinds of accountability to the activities of the organizations would improve both their effectiveness and legitimacy.

Reforming Nigeria's oil sector will have mixed success

2016 ◽  
Keyword(s):  
Federal Government ◽  
World Bank ◽  
Development Bank ◽  
Content Type ◽  
Percentage Point Increase ◽  
The World Bank ◽  
Point Increase ◽  
The World ◽  
African Development Bank ◽  
Oil Sector

Significance Revelations by an investigative commission that the Nigerian National Petroleum Corporation (NNPC) withheld 25 billion dollars from the federal government between 2011 and 2015 will add urgency to the proceedings. Impacts Concessional loans from the World Bank, African Development Bank and China Exim Bank may fund Nigeria's 'stimulus' budget. Low oil prices will constrain economic growth -- expected to be 4.6%, well below the 6.8% average during the decade ending 2014. The central bank's decision to raise its benchmark interest rate to 12% (a full percentage point increase) will dampen consumer demand.

Leveraging Broadband for e-Government and Development in Africa

2015 ◽  
Vol 2 (3) ◽  
pp. 1-23
Author(s):  
Stephen Kwamena Aikins
Keyword(s):  
Economic Growth ◽  
Best Practices ◽  
World Bank ◽  
Development Bank ◽  
African Development ◽  
Mobile Broadband ◽  
The World Bank ◽  
The World ◽  
Substantial Progress ◽  
African Development Bank

This study investigated the extent and benefits of Africa's broadband connectivity, its impact on e-government and economic growth, and the challenges and best practices for addressing them. Studies by the UN and ITU over the years have revealed Africa lags behind in the global broadband connectivity and e-government diffusion. The Connect Africa summit held in 2007 by the ITU and its partners came out with five specific goals to connect the continent and help improve its economy. This study reviewed the Connect Africa Outcomes Report, and analyzed the publications of three independent studies conducted by: a) the ITU, b) the World Bank and the African Development Bank, and c) Informa Telecoms and Media. The findings reveal that Africa has made substantial progress in international connectivity and mobile broadband penetration. Additionally, broadband connectivity has contributed toward some improvements in e-government initiatives and economic growth. The study concludes with recommendations to address the existing challenges to consolidate the gains made.

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.

International institutions

2009 ◽  
Vol 9 (4) ◽  
pp. 311-321
Author(s):  
Karl Socher
Keyword(s):  
World Bank ◽  
International Institutions ◽  
Austrian Economics ◽  
Market Failures ◽  
International Public Goods ◽  
The World Bank ◽  
Role Of The State ◽  
The World ◽  
The International Monetary Fund

Austrian Economics tries to minimize the role of the state. International institutions, like the International Monetary Fund (IMF) and the World Bank (WB), seen under this perspective, often try to fulfil functions of states which are not necessary, for instance, fixing exchange rates or redistribute income. They should concentrate on correcting market failures, like international public goods, when they cannot be supplied by the market, or internalize externalities. But even in these cases, state failures have to be avoided. Such state failures happened especially in countries transforming from socialist to market economies and in advising these states by international institutions.

The New Role of the World Bank

2016 ◽  
Author(s):  
Michael Andrew Clemens ◽  
Michael R. Kremer
Keyword(s):  
World Bank ◽  
The World Bank ◽  
The World

International Institutions and Political Liberalization: Evidence from the World Bank Loans Program

2017 ◽  
Vol 49 (4) ◽  
pp. 1357-1379 ◽  
Author(s):  
Allison Carnegie ◽  
Cyrus Samii
Keyword(s):  
World Bank ◽  
International Institutions ◽  
Bank Loans ◽  
Political Liberalization ◽  
Member States ◽  
Quantitative Evidence ◽  
Elite Group ◽  
The World Bank ◽  
The World ◽  
Level Of Economic Development

How do international institutions affect political liberalization in member states? Motivated by an examination of the World Bank loans program, this article shows that institutions can incentivize liberalization by offering opportunities for countries to become associated with advanced, wealthy members. In the World Bank, when a loan recipient reaches a specified level of economic development, it becomes eligible to graduate from borrower status to lender status. Using a regression discontinuity design, the study demonstrates that this incentive motivates states to improve their domestic behavior with respect to human rights and democracy. Combining qualitative and quantitative evidence, the results suggest that the desire to become a member of this elite group is responsible for motivating member states to reform due to the belief that such membership brings diffuse international and domestic benefits.

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