The World Bank and the Asian Development Bank: Should Asia Have Both?

Vikram Nehru
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Vikram Nehru: Asian Development Bank Institute

No 385, ADBI Working Papers from Asian Development Bank Institute

Abstract: This paper examines the complementary and competitive roles of the World Bank and the Asian Development Bank (ADB) in Asia given the backdrop of a changing world in which development priorities and challenges are changing rapidly and the rapid expansion of financial flows to developing countries is challenging the influence of these organizations. The paper highlights changes to the international aid architecture, its increasing fragmentation, the rise of non-traditional donors, and recent efforts at improving aid coordination. With this background, the paper examines the roles of the World Bank and ADB in Asia, provides some comparisons of their performance, notes their overlapping responsibilities, and explains current approaches to coordination and cooperation between them.

Keywords: world bank; asian development bank; asia; international aid (search for similar items in EconPapers)
JEL-codes: F34 O10 O19 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2012-10-05
New Economics Papers: this item is included in nep-cwa and nep-sea
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Citations: View citations in EconPapers (2)

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