Multilateral Development Banks: Contributions and Challenges

Joshua Yindenaba Abor (), Lakshmy Subramanian (), Khadijah Iddrisu () and Randolph Nsor-Ambala ()
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Joshua Yindenaba Abor: University of Ghana
Lakshmy Subramanian: Cranfield University
Khadijah Iddrisu: Simon Diedong Dombo University of Business and Integrated Development Studies
Randolph Nsor-Ambala: Ghana Institute of Management and Public Administration

Chapter Chapter 12 in Perspectives on Development Banks in Africa, 2024, pp 277-298 from Springer

Abstract: Abstract This chapter examines the contributions of Multilateral Development Banks (MDBs) as well as discusses the challenges confronting them. MDBs obtain their funding from a variety of sources, including the global capital market, contributions and special donations from members, proceeds from the issue of bonds and partnerships, etc., which aid in their ability to fund their activities. Their main operations include the provision of financing, the creation of knowledge products, and serving as a significant source of data collection and analysis, which results in the improvement of policy and the generation of ideas for efficient policy planning and execution. Their contributions include providing a steady source of funding, aiding middle-income nations, meeting a range of development needs, and providing a variety of complementary comparative advantages. However, the severity and regularity of numerous crises have also created major difficulties for MDBs, including resource competition, increase in ad hoc funding decisions, funding vulnerabilities, proliferation of MDB alternatives, and geographical distribution of power. In order to align national and global requirements, it is crucial to revamp the financing patterns of multilateral activities. This can be achieved through the implementation of innovative financial and policy incentives, meticulous evaluation of multilateral funding decisions, enhanced data collection mechanisms, and a more effective prioritisation of multilateral activities.

Keywords: Multilateral Development Banks; Regional development banks contributions; Challenges (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/978-3-031-59511-0_12

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