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Development Finance in the BRIC Countries

Anna Abalkina (), Alexander Libman and Xiofan Yu

MPRA Paper from University Library of Munich, Germany

Abstract: In recent years, BRIC countries have demonstrated high rates of economic growth, rapid increases in GDP per capita and growing capital accumulation, and have been playing an increasingly important role in the global economy. However, as middle-income countries (low-income in the case of India), BRICs still rely on development finance. Multilateral development banks (MDBs) have become an important source of external long-term capital available to BRICs. The objective of this paper is to examine the role of multilateral development banks in BRICs and to take a look at the banks’ operations as well as problems related to MDBs’ performance in BRIC countries.

Keywords: Development finance; multilateral development banks; BRIC (search for similar items in EconPapers)
JEL-codes: F34 F35 G21 (search for similar items in EconPapers)
Date: 2013
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