Mobilization Effects Of Multilateral Development Banks

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Mobilization Effects of Multilateral Development Banks

Author : Chiara Broccolini,Giulia Lotti,Alessandro Maffioli,Mr.Andrea F Presbitero,Rodolfo Stucchi
Publisher : International Monetary Fund
Page : 51 pages
File Size : 48,7 Mb
Release : 2019-02-15
Category : Business & Economics
ISBN : 9781484393864

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Mobilization Effects of Multilateral Development Banks by Chiara Broccolini,Giulia Lotti,Alessandro Maffioli,Mr.Andrea F Presbitero,Rodolfo Stucchi Pdf

We use loan-level data on syndicated lending to a large sample of developing countries between 1993 and 2017 to estimate the mobilization effects of multilateral development banks (MDBs), controlling for a large set of fixed effects. We find evidence of positive and significant direct and indirect mobilization effects of multilateral lending on the number of deals and on the total size of bank inflows. The number of lending banks and the average maturity of syndicated loans also increase after MDB lending. These effects are present not only on impact, but they last up to three years and are not offset by a decline in bond financing. There is no evidence of anticipation effects and the results are not driven by confounding factors, such as the presence of large global banks, Chinese lending and aid flows. Finally, the economic effects are sizable, suggesting that MBDs can play a vital role to mobilize private sector financing to achieve the goals of the 2030 Development Agenda.

Borrowing Costs and The Role of Multilateral Development Banks: Evidence from Cross-Border Syndicated Bank Lending

Author : Daniel Gurara,Mr.Andrea F Presbitero,Miguel Sarmiento
Publisher : International Monetary Fund
Page : 44 pages
File Size : 45,6 Mb
Release : 2018-12-07
Category : Business & Economics
ISBN : 9781484390344

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Borrowing Costs and The Role of Multilateral Development Banks: Evidence from Cross-Border Syndicated Bank Lending by Daniel Gurara,Mr.Andrea F Presbitero,Miguel Sarmiento Pdf

Cross-border bank lending is a growing source of external finance in developing countries and could play a key role for infrastructure financing. This paper looks at the role of multilateral development banks (MDBs) on the terms of syndicated loan deals, focusing on loan pricing. The results show that MDBs' participation is associated with higher borrowing costs and longer maturities---signaling a greater willingness to finance high risk projects which may not be financed by the private sector---but it is also associated with lower spreads for riskier borrowers. Overall, our findings suggest that MDBs could crowd in private investment in developing countries through risk mitigation.

Borrowing Costs and The Role of Multilateral Development Banks: Evidence from Cross-Border Syndicated Bank Lending

Author : Daniel Gurara,Mr.Andrea F Presbitero,Miguel Sarmiento
Publisher : International Monetary Fund
Page : 44 pages
File Size : 47,8 Mb
Release : 2018-12-07
Category : Business & Economics
ISBN : 9781484386200

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Borrowing Costs and The Role of Multilateral Development Banks: Evidence from Cross-Border Syndicated Bank Lending by Daniel Gurara,Mr.Andrea F Presbitero,Miguel Sarmiento Pdf

Cross-border bank lending is a growing source of external finance in developing countries and could play a key role for infrastructure financing. This paper looks at the role of multilateral development banks (MDBs) on the terms of syndicated loan deals, focusing on loan pricing. The results show that MDBs' participation is associated with higher borrowing costs and longer maturities---signaling a greater willingness to finance high risk projects which may not be financed by the private sector---but it is also associated with lower spreads for riskier borrowers. Overall, our findings suggest that MDBs could crowd in private investment in developing countries through risk mitigation.

Strengthening Domestic Resource Mobilization

Author : Raul Felix Junquera-Varela,Marijn Verhoeven,Gangadhar P. Shukla,Bernard Haven,Blanca Moreno-Dodson
Publisher : World Bank Publications
Page : 144 pages
File Size : 41,6 Mb
Release : 2017-06-29
Category : Business & Economics
ISBN : 9781464810749

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Strengthening Domestic Resource Mobilization by Raul Felix Junquera-Varela,Marijn Verhoeven,Gangadhar P. Shukla,Bernard Haven,Blanca Moreno-Dodson Pdf

Public spending plays a key role in the economic growth and development of most developing economies. This book analyzes revenues, policy, and administration of Domestic Resource Mobilization (DRM) in developing countries. It provides a broad landscape of practical examples, drawing from lessons learned in World Bank operations across Global Practices over the past several decades. It should be thought of as a starting point for a more comprehensive research agenda rather than a complete inventory itself. This book reviews the trends in tax revenue collection in developing countries. It provides an overview of efforts to close the revenue gap, many of which have been supported by World Bank operations. The book reviews the special challenges facing low income countries, which have traditionally relied on indirect revenues in the context of limited formalization of their economies. An overview of tax policy and administration reform programs is presented, with an overview of outstanding issues that will shape the policy agenda in years ahead.

The Dual Nature of Multilateral Development Banks

Author : Laura Francesca Peitz
Publisher : Cambridge University Press
Page : 132 pages
File Size : 44,7 Mb
Release : 2023-04-06
Category : Political Science
ISBN : 9781009392273

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The Dual Nature of Multilateral Development Banks by Laura Francesca Peitz Pdf

This Element offers a novel, highly relevant perspective towards Multilateral Development Banks (MDBs), which are development and financial organizations at the same time. Based on the elaborate institutional logics perspective borrowed from organizational sociology, it uncovers the complex trade-offs between financial and development pressures faced by MDBs and explains variation in organizational responses thereto across types of MDBs. The argument is tested with an original dataset using Data Envelopment Analysis to explain variation in response patterns across MDBs. The analysis shows that lending to the private sector as well as being predominantly owned by borrowing members increase MDBs' emphasis on the financial at the expense of the development nature. Thereby, this Element provides unique insights into MDBs' responses to their dual nature and significantly advances our understanding of MDB lending operations, drawing attention to the complexities involved in the unique MDB business model.

The Role of National Development Banks in Catalyzing International Climate Finance

Author : Lucila Serra,José Juan Gomes Lorenzo,Diana Smallridge,Chiara Trabacchi,Maria Netto,Barbara Buchner
Publisher : Inter-American Development Bank
Page : 95 pages
File Size : 54,9 Mb
Release : 2013-03-12
Category : Business & Economics
ISBN : 8210379456XXX

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The Role of National Development Banks in Catalyzing International Climate Finance by Lucila Serra,José Juan Gomes Lorenzo,Diana Smallridge,Chiara Trabacchi,Maria Netto,Barbara Buchner Pdf

Significant investments are needed to support the global transition to a low-carbon, climate resilient future. Current finance flows fall short of global financing needs, and massive scaling up is needed to unlock additional financial resources and foster a sustainable investment pathway. Overcoming barriers to private sector investments is critical, and international climate finance can play a catalytic role in this regard. National development banks (NDBs) have a unique role in this context, both complementing and catalyzing private sector players. This publication discusses the unique role that NDBs could play in scaling up private financing for climate change mitigation projects through the intermediation of international and national public climate finance in their respective local credit markets and the conditions that would be needed for them to be most effective. It draws from experiences in international climate finance and best practices, processes, and products of NDBs within the Latin American and Caribbean region.

Revenue Mobilization in Developing Countries

Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 86 pages
File Size : 52,7 Mb
Release : 2011-08-03
Category : Business & Economics
ISBN : 9781498339247

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Revenue Mobilization in Developing Countries by International Monetary Fund. Fiscal Affairs Dept. Pdf

The Fund has long played a lead role in supporting developing countries’ efforts to improve their revenue mobilization. This paper draws on that experience to review issues and good practice, and to assess prospects in this key area.

The Future of National Development Banks

Author : Stephany Griffith-Jones,José Antonio Ocampo (econoom)
Publisher : Initiative for Policy Dialogue
Page : 388 pages
File Size : 47,5 Mb
Release : 2018
Category : Business & Economics
ISBN : 9780198827948

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The Future of National Development Banks by Stephany Griffith-Jones,José Antonio Ocampo (econoom) Pdf

This in-depth case study of several national development banks explores the role of these institutions in innovation and structural change, infrastructure financing, and financial inclusion. It reflects on the significant contribution that these banks can make to a countries' development, and their broader role within economic policy.

Getting to Scale

Author : Laurence Chandy,Akio Hosono,Homi Kharas
Publisher : Brookings Institution Press
Page : 394 pages
File Size : 50,5 Mb
Release : 2013-04-10
Category : Business & Economics
ISBN : 9780815724209

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Getting to Scale by Laurence Chandy,Akio Hosono,Homi Kharas Pdf

The global development community is teeming with different ideas and interventions to improve the lives of the world's poorest people. Whether these succeed in having a transformative impact depends not just on their individual brilliance but on whether they can be brought to a scale where they reach millions of poor people. Getting to Scale explores what it takes to expand the reach of development solutions beyond an individual village or pilot program so they serve poor people everywhere. Each chapter documents one or more contemporary case studies, which together provide a body of evidence on how scale can be pursued. The book suggests that the challenge of scaling up can be divided into two solutions: financing interventions at scale, and managing delivery to large numbers of beneficiaries. Neither governments, donors, charities, nor corporations are usually capable of overcoming these twin challenges alone, indicating that partnerships are key to success. Scaling up is mission critical if extreme poverty is to be vanquished in our lifetime. Getting to Scale provides an invaluable resource for development practitioners, analysts, and students on a topic that remains largely unexplored and poorly understood. Contributors: Tessa Bold (Goethe University, Frankfurt), Wolfgang Fengler (World Bank, Nairobi), David Gartner (Arizona State University), Shunichiro Honda (JICA Research Institute), Michael Joseph (Vodafone), Hiroshi Kato (JICA), Mwangi Kimenyi (Brookings), Michael Kubzansky (Monitor Inclusive Markets), Germano Mwabu (University of Nairobi), Jane Nelson (Harvard Kennedy School), Alice Ng'ang'a (Strathmore University, Nairobi), Justin Sandefur (Center for Global Development), Pauline Vaughan (consultant), Chris West (Shell Foundation)

Mobilizing Private Climate Financing in Emerging Market and Developing Economies

Author : Mr. Ananthakrishnan Prasad,Ms. Elena Loukoianova,Alan Xiaochen Feng,William Oman
Publisher : International Monetary Fund
Page : 41 pages
File Size : 51,8 Mb
Release : 2022-07-27
Category : Business & Economics
ISBN : 9798400216428

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Mobilizing Private Climate Financing in Emerging Market and Developing Economies by Mr. Ananthakrishnan Prasad,Ms. Elena Loukoianova,Alan Xiaochen Feng,William Oman Pdf

Global investment to achieve the Paris Agreement’s temperature and adaptation goals requires immediate actions—first and foremost—on climate policies. Policies should be accompanied by commensurate financing flows to close the large financing gap globally, and in emerging market and developing economies (EMDEs) in particular. This note discusses potential ways to mobilize domestic and foreign private sector capital in climate finance, as a complement to climate-related policies, by mitigating relevant risks and constraints through public-private partnerships involving multilateral, regional, and national development banks. It also overviews the role the IMF can play in the process.

The World Bank's Experience with Post-conflict Reconstruction

Author : Anonim
Publisher : World Bank Publications
Page : 124 pages
File Size : 44,9 Mb
Release : 1998-01-01
Category : Political Science
ISBN : 0821342908

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The World Bank's Experience with Post-conflict Reconstruction by Anonim Pdf

Clearing landmines, rehabilitating and integrating of excombatants, rebuilding the infrastructure, coordinating aid sources—these are just some of the issues confronting the Bank in post-conflict reconstruction. The explosion of civil conflicts in the post-Cold War world has tested the World Bank's ability to address unprecedented devastation of human and social capital.This study covers post-conflict reconstruction in nine countries, assessing relevant, recent Bank experience. It also presents case-studies for ongoing and future operations, which analyze: 1. the Bank's main strengths or comparative advantages; 2. its partnership with other donors, international organizations, and NGOs; 3. its role in reconstruction strategy and damage and needs assessment; 4. its role in rebuilding the economy and institutions of governance; 5. its management of resources and processes; 6. implications for monitoring and evaluation.

Global Financial Development Report 2015/2016

Author : The World Bank
Publisher : World Bank Publications
Page : 208 pages
File Size : 44,8 Mb
Release : 2015-08-31
Category : Business & Economics
ISBN : 9781464804717

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Global Financial Development Report 2015/2016 by The World Bank Pdf

Global Financial Development Report 2015/2016 focuses on the ability of financial systems to sustainably extend the maturity of financial contracts for private agents. The challenges of extending the maturity structure of finance are often considered to be at the core of effective, sustainable financial development. Sustainably extending long-term finance may contribute to the objectives of higher growth and welfare, shared prosperity and stability in two ways: by reducing rollover risks for borrowers, thereby lengthening the horizon of investments; and by increasing the availability of long-term financial instruments, thereby allowing households to address their lifecycle challenges. The aim of the report is to contribute to the global policy debate on long-term finance. It builds upon findings from recent and ongoing research, lessons from operational work, as well as on inputs from financial sector professionals and researchers both within and outside the World Bank Group. Benefitting from new worldwide datasets and information on financial development, it will provide a broad and balanced review of the evidence and distill pragmatic lessons on long-term finance and related policies. This report, the third in the Global Financial Development Report series, follows the second issue on Financial Inclusion and the inaugural issue, Rethinking the Role of the State in Finance. The Global Financial Development Report 2015/2016 will be accompanied by a website worldbank.org/financialdevelopment containing extensive datasets, research papers, and other background materials as well as interactive features.

Retooling Development Aid in the 21st Century

Author : Shahrokh Fardoust,Stefan G. Koeberle,Moritz Piatti-Fünfkirchen,Lodewijk Smets,Mark Sundberg
Publisher : Oxford University Press
Page : 305 pages
File Size : 50,7 Mb
Release : 2023-03-27
Category : Business & Economics
ISBN : 9780192882295

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Retooling Development Aid in the 21st Century by Shahrokh Fardoust,Stefan G. Koeberle,Moritz Piatti-Fünfkirchen,Lodewijk Smets,Mark Sundberg Pdf

Aid instruments need to adjust to new challenges and priorities. Global pandemics, climate change, increased inequality, low economic growth, and conflict have made it increasingly difficult for developing countries to achieve the Sustainable Development Goals. Retooling Development Aid in the 21st Century: The Importance of Budget Support examines the critical role of budget support by both multilateral and bilateral aid agencies to address the 21st century's development goals of eliminating poverty and protecting our global commons. Timely and smartly designed budget support remains a powerful tool to help address the new reality developing countries face, providing fast disbursing finance in support of critical reforms. Set against the background of a dramatically changing international financial architecture, the volume examines how budget support has evolved from its controversial past, addresses the evidence on performance and debates over conditionality, and it reflects on unmet expectations from the 2005 Paris Declaration. With the global financial crisis, the Covid pandemic, and the spillovers from conflict and climate change, budget support re-emerged as a key financing instrument to support policy reforms and catalyze private capital. Drawing on the lessons of the last two decades, the volume proposes a retooling of budget support as a versatile instrument to address both essential global public goods and tackle country-specific development challenges.

The Sustainability of Asia’s Debt

Author : Ferrarini, Benno,Giugale, Marcelo M.,Pradelli, Juan J.
Publisher : Edward Elgar Publishing
Page : 456 pages
File Size : 45,9 Mb
Release : 2022-02-22
Category : Business & Economics
ISBN : 9781800883727

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The Sustainability of Asia’s Debt by Ferrarini, Benno,Giugale, Marcelo M.,Pradelli, Juan J. Pdf

This is an open access title available under the terms of a [CC BY 3.0 IGO] License. It is free to read, download and share on Elgaronline.com. Asia has shown the world what success in economic development looks like. From the amazing transformations of Japan, the Republic of Korea, and the other ‘tigers’ in the early 70s, to the more recent takeoffs of the People’s Republic of China (PRC), India, and the leading economies in Southeast Asia, the region has prospered at a startling pace. Technologies were adopted, productivity raised, and export markets conquered. Billions were lifted out of poverty. What was once a backwater is now a global engine of growth.

Multilateral Development Banks

Author : Ihsan Ugur Delikanli,Todor Dimitrov,Roena Agolli
Publisher : Springer
Page : 206 pages
File Size : 54,8 Mb
Release : 2018-06-15
Category : Business & Economics
ISBN : 9783319915241

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Multilateral Development Banks by Ihsan Ugur Delikanli,Todor Dimitrov,Roena Agolli Pdf

This book provides a comprehensive overview and insight of virtually all multilateral institutions involved in lending for international socio-economic development. The analysis covers twenty-five MDBs globally by classifying them in three groups based on geographical lending outreach. Unlike similar books and articles, which treat MDBs as banks, this book offers a novel perspective by addressing the specifics of multilateral lending institutions, revealing multiple aspects of their operations, going beyond the “bank” concept towards “knowledge bank,” “change agent,” and even “benchmark setter.” The book reflects on the key role of most MDBs in inspiring and advancing sustainable economic development through transfer of knowledge and funding towards addressing multiple global challenges for the benefit of practitioners, consultants, government officials, borrowers, and researchers interested in MDBs.