Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/101270
Authors: 
Prada, Fernando
Year of Publication: 
2012
Series/Report no.: 
ADBI Working Paper Series 380
Abstract: 
Multilateral development banks (MDBs) are an innovative institutional model to channel financing and knowledge to developing countries. In Latin America, the balance of forces between competition and collaboration among MDBs and other sources of development finance have formed a system that is decentralized and client-oriented. We analyze three types of relationships between MDBs to show areas of strength in their operations and future potential. For this, we use a great amount of quantitative data from the annual reports and financial databases of MDBs that the FORO Nacional Internacional research program has been tracking periodically. The three types of dynamics between these institutions are (i) division of labor between MDBs and comparative advantages; (ii) finding a balance between financial strength, internal costs, and development effectiveness; and (iii) deciding on the distribution of net income to create capacities to provide services to member countries.
Subjects: 
development finance
multilateral development banks
world bank
inter-american development bank
subregional development banks
latin america
JEL: 
F34
O1
O19
Document Type: 
Working Paper

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