Funds for Development: Multilateral Channels of Concessional Financing

Abstract

Funds for Development: Multilateral Channels of Concessional Financing, edited by Gerd Droesse, with contributions from senior experts of several international organizations, examines the concessional windows of the World Bank Group, African Development Bank Group, Asian Development Bank, Caribbean Development Bank, International Fund for Agricultural Development, and other multilateral financial development institutions. It also looks into trust funds, multipurpose vehicles, special facilities, and financial intermediary funds, such as the Global Environment Facility, and the Global Fund to Fight AIDS, Tuberculosis, and Malaria. It is an extensive study of the legal frameworks of such concessional windows, their modalities of concessional financing, resource structures and replenishment procedures, and analyzes how such replenishment efforts are implemented and impact on the development activities of these institutions.

This book also analyzes different paradigms of organizational structures and the close connection between such structures and the institutional frameworks governing matters such as membership, representation in governing bodies, decision-making procedures, and voting rights - all of which play a part in the shaping of aid discussions. In navigating the ever-increasingly complex landscape of aid architecture, this book is a valuable guide for all persons interested in concessional financing and the law of international organizations.