Minilateral' Development Banks
What the Rise of Africa's Trade and Development Bank says about Multilateral Governance
Bibliographic Data
| ID | 5150195 |
|---|---|
| Authors | Chris Humphrey (0000-0002-8783-1688, University of Zurich, corresponding author) |
| Year | 2019 |
| Volume | 50 |
| Issue | 1 |
| Pages | 164-190 |
| Publication date | 2019-01-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Development and Change (JOURNAL) |
| Journal identifiers | ISSN: 0012-155X • E-ISSN: 1467-7660 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/dech.12467 |
| OpenAlex | W2910821498 |
| Language | EN |
| Citations received | 7 |
| References cited | 13 |
Multilateral development banks (MDBs) are one of the most popular forms of international organization, with at least 27 operating in the world today. Although most academics and policy makers focus on the World Bank and major regional MDBs, the majority of MDBs are in fact relatively small, and controlled by developing as opposed to industrialized countries. How do the differing governance arrangements of these 'minilateral' development banks (MnDBs) impact their operations? This article takes the Trade and Development Bank (TDB), an MDB in Africa with 22 regional member countries, as a case study to consider this question. Based on an analysis of TDB's track record since 2005 and interviews with management and shareholders, the author finds that borrower-led governance leads to substantial disadvantages in terms of access to finance. Borrower-led governance permits TDB and other MnDBs greater operational flexibility, which partially compensates for this financial disadvantage, but these operational strategies come with trade-offs in terms of developmental effectiveness. The findings suggest that MnDBs have substantial latent potential and, in an increasingly multipolar world, they are likely to grow in coming years. However, MnDBs need to ensure that their developmental value added is strengthened in step with their financial power
Business · Corporate governance · Developing country · Disadvantage · Economic growth · Economics · Flexibility (engineering) · International trade · Management · Political science · Shareholder · Finance · Global Financial Regulation and Crises · International Development and Aid · Law · Public-Private Partnership Projects
Multilateralism, Developmental Regionalism, and the African Development Bank
Gender and the Multilateral Development Banks
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The multilateral development banks
Actors on the Ground
Mobilising Private Funding of Development Finance
International Financial Institutions and the Promotion of Autocratic Resilience
Economic Development Through Regional Trade
Behind the Development Banks
The World Bank
The Invisible Hand
The politics of loan pricing in multilateral development banks
With a little help from my friends
Master or Servant? Common Agency and the Political Economy of IMF Lending
Power structures and regional development banks
Politics and the African Development Bank
Institutional Design and Power Relations in the African Development Bank
| Citations per year | 1.4 |
|---|---|
| Citation span | 2021 - 2026 (6) |
| Highly cited | No |