World Bank, Inter-American Development Bank, and Subregional Development Banks in Latin America: Dynamics of a System of Multilateral Development Banks
Prada, Fernando | September 2012
Abstract
Multilateral development banks (MDBs) are an innovative institutional model to channel financing and knowledge to developing countries. In Latin America, the balance of forces between competition and collaboration among MDBs and other sources of development finance have formed a system that is decentralized and client-oriented. We analyze three types of relationships between MDBs to show areas of strength in their operations and future potential. For this, we use a great amount of quantitative data from the annual reports and financial databases of MDBs that the FORO Nacional Internacional research program has been tracking periodically.
The three types of dynamics between these institutions are (i) division of labor between MDBs and comparative advantages; (ii) finding a balance between financial strength, internal costs, and development effectiveness; and (iii) deciding on the distribution of net income to create capacities to provide services to member countries.
Citation
Prada, Fernando. 2012. World Bank, Inter-American Development Bank, and Subregional Development Banks in Latin America: Dynamics of a System of Multilateral Development Banks. © Asian Development Bank Institute. http://hdl.handle.net/11540/1142. License: CC BY-NC-ND 3.0 IGO.Keywords
Development
Finance
Development Challenges
Development Issues
Development Problems
Microenterprises Finance
Commercial Finance Companies
Enterprise Financing
Show allCollapse
Citable URI
http://hdl.handle.net/11540/1142Metadata
Show full item record
Users also downloaded
-
Accountability Mechanism: Listening to Communities Affected by ADB-Assisted Projects and Enhancing Development Effectiveness
(Asian Development Bank, 2009-03-15)In May 2003, ADB approved a new accountability mechanism to replace the previous Inspection Function. The mechanism was established to provide better access for people adversely affected by ADBassisted projects to voice and seek solutions to their ... -
Managing Reforms for Development: Political Economy of Reforms and Policy-Based Lending Case Studies
(Asian Development Bank, 2013-01-01)The book’s intended readers are development practitioners involved in the policy reform process. It aims to help them understand political economy factors that shape actual outcomes, and to simplify the complexities of policy reform. Successful reform ... -
Multilateralizing Asian Regionalism
(Asian Development Bank Institute, 2013-08-15)Motivated by the proliferation of free trade agreements (FTAs) in Asia over the last decade, this paper studies the challenges faced by the Asian “noodle bowl”—overlapping, multiple trade rules, regulations, and standards in Asia—in the process of ...
Related items
-
Investment Climate, Productivity,and Regional Development in a Developing Country. Asian Development Review, Vol. 23(2), pp. 70-89
(Asian Development Bank, 2006-08-26)This paper examines the Philippines’s investment climate in relation to the performance of manufacturing firms and the productivity of regional economies. The thesis is that the country’s slow economic growth can be attributed in no small measure ... -
Localizing the Sustainable Development Goals to Accelerate Implementation of the 2030 Agenda for Sustainable Development: The Current State of Sustainable Development Goal Localization in Asia and the Pacific
(Asian Development Bank, 2018-10-30)For the third time since the adoption of the Sustainable Development Goals (SDGs), the international community gathered at the High-Level Political Forum on Sustainable Development (HLPF) at United Nations (UN) headquarters in New York during 9–18 July ... -
Development of Environmental Laws and Jurisprudence in Pakistan: Law, Justice, and Development Program, Office of the General Counsel
(Asian Development Bank, 2013-11-01)The Government of Pakistan has adopted laws to combat adverse environmental impacts of unsustainable development, but there are several issues that make effective implementation of these laws and adjudication of environmental disputes difficult. This ...