The proliferation of multilateral development banks

Kellerman, Miles

doi:10.1007/s11558-018-9302-y

Cited by 25 publications

(17 citation statements)

References 56 publications

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“…It is proved not only that development institutions have diff erent goals and activities, but also that their widespread use has led to duplication of functions performed (Kellerman, 2019). In this case, the question of efficiency becomes more acute, since the disbanding of redundant institutions will lead to the release of budget funds that the economy of any state needs.…”

Section: Assessment Of the Development Institutions' Effi Ciency As A Semi-commercial And Semi-governmental Organization Taking Into Accomentioning

confidence: 99%

Effective Development Institutions

Victoria¹

2021

PAI

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Development institutions are the most important tool for stimulating innovation processes and infrastructure development. These organizations finance long-term investment projects that contribute to the socio-economic development of the industry, region or country. Such specificity of activity leads to significant difficulties in the assessment of their efficiency. At the same time, the development of a system for assessment of the development institutions’ efficiency, improving the efficiency of their work and ensuring positive economic growth rates in regions and states, are impossible without studying the approaches to the assessment of their efficiency. A growing interest in the activities of multilateral development institutions is taking place in today’s literature on public administration. However, there are currently no review articles that would consider the scope of work devoted to the assessment of the development institutions’ efficiency. The review examines modern research publications that assess the results of individual development institutions and their contribution to socio-economic development and some issues of economic efficiency. The article analyzes various approaches and methods for assessment of the development institutions’ efficiency. The study will allow us to assess the potential for use of modern approaches and identify areas for further application of the used methods. The materials of the review can be used as a general theoretical part for teaching the disciplines of "public administration" related to the assessment of the public administration efficiency.

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Section: Assessment Of the Development Institutions' Effi Ciency As A Semi-commercial And Semi-governmental Organization Taking Into Accomentioning

confidence: 99%

Effective Development Institutions

Victoria¹

2021

PAI

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“…MDBs did not always take sustainability duly into account [16], yet they were among the first to face environmental issues [15]. With few exceptions their charters reflect current sustainability norms [17]. MDBs have exerted broad policy influence on all stakeholders through their dialogues with national governments and their role as a catalyst of private investment.…”

Section: Key Terms and Definitionsmentioning

confidence: 99%

“…Critics sigh that MDBs have become beholden to their AAA credit ratings, which cramps optimal use of MDB balance sheets for achieving development goals, and slashes loans available to borrowers just when their hardships are peaking [106]; that the proliferation of MDBs causes wasteful duplication [17]; that rivalry between MDBs (not to be confused with market competition) on matters like policy advice, pricing, and modalities of finance may detrimentally impact the overall MDB system [107]; that MDBs' ever more politically reformist agendas misallocate resources to ills that MDBs are neither strategically nor operationally built to solve [108]. Reformers have recommended that MDBs ought to (1) reformulate their business model to identify (so as to alter) state and non-state actors' incentives in favor of providing global public goods; (2) collaborate amongst themselves to reallocate tasks and responsibilities according to the subsidiarity principle; (3) rethink their ways of operating in "fragile social and political contexts", reinterpreting non-interference so as not to preclude activities that may be vital to good governance and peace; (4) transition from a graduation to a gradation protocol to reflect the country context rather than the lending category only, rethinking capital adequacy accordingly; (5) reform their internal operations to give more scope to their clients' priorities and preferences; and (6) concentrate on cutting their often overlooked but far from trivial transaction costs for recipients, the better to leverage MDBs' comparative advantage [109].…”

Section: Multilateral Development Banks (Mdbs) and Sustainable Bankingmentioning

confidence: 99%

Sustainable Banking: The Role of Multilateral Development Banks as Norm Entrepreneurs

Méndez

Houghton

2020

Sustainability

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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.

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“…One of the main points of this paper is that the development banks appear along with the demand for them in the region, while the regional leader offers the supply of the financial resources for the less developed countries, in this way the development banks are the means of capital transfer between the more and less developed economies. Let us figure out the demand for each development bank in the region and figure out the economic spheres, where the SCO Bank could function [13].…”

Section: The Sco Bank Prospects and Problemsmentioning

confidence: 99%

The SCO Financial Mechanisms: Risk Analysis and Development Prospects

Lebedinskaya¹,

Babich²,

Karmanov³

et al. 2019

Proceedings of the External Challenges and Risks for Russia in the Context of the World Community’s Transition to Polycentrism:

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The Shanghai Cooperation Organization is one of the leading security organizations in the world; still, the current changes in the global integrational processes dictate the necessity of introduction of the financial components in every integration initiative. Hence, the analysis of the prospects of the SCO financial mechanisms contributes greatly to the development of its potential to fulfil its tasks. For now, the only financial organization under SCO is the Interbank Consortium, but the SCO Bank is actively discussed. The article concentrates on the research of the hypothetic demand for the SCO Bank in Asia and its possible role in the development of the Asian countries with respect to the SCO mission of securing peace and security in the region.

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The proliferation of multilateral development banks

Cited by 25 publications

References 56 publications

Effective Development Institutions

Effective Development Institutions

Sustainable Banking: The Role of Multilateral Development Banks as Norm Entrepreneurs

The SCO Financial Mechanisms: Risk Analysis and Development Prospects

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