Mobilization Effects Of Multilateral Development Banks
DOWNLOAD
Download Mobilization Effects Of Multilateral Development Banks PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Mobilization Effects Of Multilateral Development Banks book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Mobilization Effects Of Multilateral Development Banks
DOWNLOAD
Author : Chiara Broccolini
language : en
Publisher: International Monetary Fund
Release Date : 2019-02-15
Mobilization Effects Of Multilateral Development Banks written by Chiara Broccolini and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-02-15 with Business & Economics categories.
We use loan-level data on syndicated lending to a large sample of developing countries between 1993 and 2017 to estimate the mobilization effects of multilateral development banks (MDBs), controlling for a large set of fixed effects. We find evidence of positive and significant direct and indirect mobilization effects of multilateral lending on the number of deals and on the total size of bank inflows. The number of lending banks and the average maturity of syndicated loans also increase after MDB lending. These effects are present not only on impact, but they last up to three years and are not offset by a decline in bond financing. There is no evidence of anticipation effects and the results are not driven by confounding factors, such as the presence of large global banks, Chinese lending and aid flows. Finally, the economic effects are sizable, suggesting that MBDs can play a vital role to mobilize private sector financing to achieve the goals of the 2030 Development Agenda.
Mobilization Effects Of Multilateral Development Banks
DOWNLOAD
Author : Chiara Broccolini
language : en
Publisher: International Monetary Fund
Release Date : 2019-02-15
Mobilization Effects Of Multilateral Development Banks written by Chiara Broccolini and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-02-15 with Business & Economics categories.
We use loan-level data on syndicated lending to a large sample of developing countries between 1993 and 2017 to estimate the mobilization effects of multilateral development banks (MDBs), controlling for a large set of fixed effects. We find evidence of positive and significant direct and indirect mobilization effects of multilateral lending on the number of deals and on the total size of bank inflows. The number of lending banks and the average maturity of syndicated loans also increase after MDB lending. These effects are present not only on impact, but they last up to three years and are not offset by a decline in bond financing. There is no evidence of anticipation effects and the results are not driven by confounding factors, such as the presence of large global banks, Chinese lending and aid flows. Finally, the economic effects are sizable, suggesting that MBDs can play a vital role to mobilize private sector financing to achieve the goals of the 2030 Development Agenda.
Borrowing Costs And The Role Of Multilateral Development Banks Evidence From Cross Border Syndicated Bank Lending
DOWNLOAD
Author : Daniel Gurara
language : en
Publisher: International Monetary Fund
Release Date : 2018-12-07
Borrowing Costs And The Role Of Multilateral Development Banks Evidence From Cross Border Syndicated Bank Lending written by Daniel Gurara and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-12-07 with Business & Economics categories.
Cross-border bank lending is a growing source of external finance in developing countries and could play a key role for infrastructure financing. This paper looks at the role of multilateral development banks (MDBs) on the terms of syndicated loan deals, focusing on loan pricing. The results show that MDBs' participation is associated with higher borrowing costs and longer maturities---signaling a greater willingness to finance high risk projects which may not be financed by the private sector---but it is also associated with lower spreads for riskier borrowers. Overall, our findings suggest that MDBs could crowd in private investment in developing countries through risk mitigation.
Retooling Development Aid In The 21st Century
DOWNLOAD
Author : Shahrokh Fardoust
language : en
Publisher: Oxford University Press
Release Date : 2023-03-27
Retooling Development Aid In The 21st Century written by Shahrokh Fardoust and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-03-27 with Business & Economics categories.
Aid instruments need to adjust to new challenges and priorities. Global pandemics, climate change, increased inequality, low economic growth, and conflict have made it increasingly difficult for developing countries to achieve the Sustainable Development Goals. Retooling Development Aid in the 21st Century: The Importance of Budget Support examines the critical role of budget support by both multilateral and bilateral aid agencies to address the 21st century's development goals of eliminating poverty and protecting our global commons. Timely and smartly designed budget support remains a powerful tool to help address the new reality developing countries face, providing fast disbursing finance in support of critical reforms. Set against the background of a dramatically changing international financial architecture, the volume examines how budget support has evolved from its controversial past, addresses the evidence on performance and debates over conditionality, and it reflects on unmet expectations from the 2005 Paris Declaration. With the global financial crisis, the Covid pandemic, and the spillovers from conflict and climate change, budget support re-emerged as a key financing instrument to support policy reforms and catalyze private capital. Drawing on the lessons of the last two decades, the volume proposes a retooling of budget support as a versatile instrument to address both essential global public goods and tackle country-specific development challenges.
The Dual Nature Of Multilateral Development Banks
DOWNLOAD
Author : Laura Francesca Peitz
language : en
Publisher: Cambridge University Press
Release Date : 2023-04-06
The Dual Nature Of Multilateral Development Banks written by Laura Francesca Peitz and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-04-06 with Political Science categories.
This Element offers a novel, highly relevant perspective towards Multilateral Development Banks (MDBs), which are development and financial organizations at the same time. Based on the elaborate institutional logics perspective borrowed from organizational sociology, it uncovers the complex trade-offs between financial and development pressures faced by MDBs and explains variation in organizational responses thereto across types of MDBs. The argument is tested with an original dataset using Data Envelopment Analysis to explain variation in response patterns across MDBs. The analysis shows that lending to the private sector as well as being predominantly owned by borrowing members increase MDBs' emphasis on the financial at the expense of the development nature. Thereby, this Element provides unique insights into MDBs' responses to their dual nature and significantly advances our understanding of MDB lending operations, drawing attention to the complexities involved in the unique MDB business model.
Trouble In The Making
DOWNLOAD
Author : Mary Hallward-Driemeier
language : en
Publisher: World Bank Publications
Release Date : 2017
Trouble In The Making written by Mary Hallward-Driemeier and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Business & Economics categories.
"Technology and globalization are threatening manufacturing's traditional ability to deliver both productivity and jobs at a large scale for unskilled workers. Concerns about widening inequality within and across countries are raising questions about whether interventions are needed and how effective they could be. 'Trouble in the making?: the future of manufacturing-led development' addresses three questions: How has the global manufacturing landscape changed and why does this matter for developemnt opportunities?; How are emerging trends in technology and globalization likely to shape the feasibility and desirability of manufacturing-led development in the future?; If low wages are going to be less important in defining competitiveness, how can less industrialized countries make the most of new opportunities that shifting technologies and globalization patterns may bring?. The book examines the impacts of new technologies (i.e., the Internet of thingts, 3-D printing, and advanced robotics), rising international competition, and increased servicification of manufacturing productivity and employment. The aim is to imform policy choices for countries currently producing and for those seeking to enter new manufacturing markets. Increased polarization is a risk but the book analyzes ways to go beyond focusing on potential disruptions to position workers, firms, and locations for new opportunities"--Page 4 of cover.
The Sustainability Of Asia S Debt
DOWNLOAD
Author : Ferrarini, Benno
language : en
Publisher: Edward Elgar Publishing
Release Date : 2022-02-22
The Sustainability Of Asia S Debt written by Ferrarini, Benno and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-02-22 with Business & Economics categories.
This is an open access title available under the terms of a [CC BY 3.0 IGO] License. It is free to read, download and share on Elgaronline.com. Asia has shown the world what success in economic development looks like. From the amazing transformations of Japan, the Republic of Korea, and the other ‘tigers’ in the early 70s, to the more recent takeoffs of the People’s Republic of China (PRC), India, and the leading economies in Southeast Asia, the region has prospered at a startling pace. Technologies were adopted, productivity raised, and export markets conquered. Billions were lifted out of poverty. What was once a backwater is now a global engine of growth.
Multilateral Development Banks
DOWNLOAD
Author : Ihsan Ugur Delikanli
language : en
Publisher: Springer
Release Date : 2018-06-15
Multilateral Development Banks written by Ihsan Ugur Delikanli and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-06-15 with Business & Economics categories.
This book provides a comprehensive overview and insight of virtually all multilateral institutions involved in lending for international socio-economic development. The analysis covers twenty-five MDBs globally by classifying them in three groups based on geographical lending outreach. Unlike similar books and articles, which treat MDBs as banks, this book offers a novel perspective by addressing the specifics of multilateral lending institutions, revealing multiple aspects of their operations, going beyond the “bank” concept towards “knowledge bank,” “change agent,” and even “benchmark setter.” The book reflects on the key role of most MDBs in inspiring and advancing sustainable economic development through transfer of knowledge and funding towards addressing multiple global challenges for the benefit of practitioners, consultants, government officials, borrowers, and researchers interested in MDBs.
Mobilizing Private Climate Financing In Emerging Market And Developing Economies
DOWNLOAD
Author : Mr. Ananthakrishnan Prasad
language : en
Publisher: International Monetary Fund
Release Date : 2022-07-27
Mobilizing Private Climate Financing In Emerging Market And Developing Economies written by Mr. Ananthakrishnan Prasad and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-07-27 with Business & Economics categories.
Global investment to achieve the Paris Agreement’s temperature and adaptation goals requires immediate actions—first and foremost—on climate policies. Policies should be accompanied by commensurate financing flows to close the large financing gap globally, and in emerging market and developing economies (EMDEs) in particular. This note discusses potential ways to mobilize domestic and foreign private sector capital in climate finance, as a complement to climate-related policies, by mitigating relevant risks and constraints through public-private partnerships involving multilateral, regional, and national development banks. It also overviews the role the IMF can play in the process.
Innovative Financing For Development
DOWNLOAD
Author : Suhas Ketkar
language : en
Publisher: World Bank Publications
Release Date : 2008-09-29
Innovative Financing For Development written by Suhas Ketkar and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-09-29 with Business & Economics categories.
Developing countries need additional, cross-border capital channeled into their private sectors to generate employment and growth, reduce poverty, and meet the other Millennium Development Goals. Innovative financing mechanisms are necessary to make this happen. 'Innovative Financing for Development' is the first book on this subject that uses a market-based approach. It compiles pioneering methods of raising development finance including securitization of future flow receivables, diaspora bonds, and GDP-indexed bonds. It also highlights the role of shadow sovereign ratings in facilitating access to international capital markets. It argues that poor countries, especially those in Sub-Saharan Africa, can potentially raise tens of billions of dollars annually through these instruments. The chapters in the book focus on the structures of the various innovative financing mechanisms, their track records and potential for tapping international capital markets, the constraints limiting their use, and policy measures that governments and international institutions can implement to alleviate these constraints.