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Felix I. Lessambo - One of the best experts on this subject based on the ideXlab platform.

  • The Islamic Development Bank
    International Financial Institutions and Their Challenges, 2020
    Co-Authors: Felix I. Lessambo
    Abstract:

    The Islamic Development Bank Group (IDB Group) is a multilateral Development financing institution comprising five entities: (i) Islamic Development Bank (IDB); (ii) Islamic Research and Training Institute (IRTI); (iii) Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC); (iv) Islamic Corporation for the Development of the Private Sector (ICD); and (v) International Islamic Trade Finance Corporation (ITFC). This chapter covers only the IDB.

  • The African Development Bank
    International Financial Institutions and Their Challenges, 2020
    Co-Authors: Felix I. Lessambo
    Abstract:

    The African Development Bank (AfDB) came into existence on September 10, 1964, founded as part of the pan-African movement at the beginning of decolonization in the mid-twentieth century. Initially headquartered in Khartoum, Sudan, the AfDB was created to “contribute to the Development and unity of Africa.” The African Development Bank Group consists of (1) the AfDB; (2) the African Development Fund (ADF); and (3) the Nigeria Trust Fund (NTF). The AfDB is owned and overseen by its 79 members (Luxembourg became the seventy-ninth member in May 2014). As of May 31, 2013, there were 53 regional members 1 that held 59.712 percent of the voting power and 26 non-regional members. 2

  • The Latin America Development Bank
    International Financial Institutions and Their Challenges, 2020
    Co-Authors: Felix I. Lessambo
    Abstract:

    Established in 1970, the Latin America Development Bank also known as the Corporacion Andina de Fomento (CAF) is an international financial institution that promotes a model of sustainable Development through credit operations, grants and technical support, and financial structuring to public and private sector projects in Latin America. The Latin American Development Bank is composed of eighteen countries in Latin America, the Caribbean and Europe,1 and fourteen private Banks from the Andean region. CAF is based in Caracas, Venezuela, and has offices in Buenos Aires, La Paz, Brasilia, Bogota, Quito, Madrid, Panama City, Lima, and Montevideo. The Institution’s shareholders are Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Jamaica, Mexico Panama, Paraguay, Peru, Portugal, Spain, Trinidad & Tobago, Uruguay, Venezuela, and 14 private Banks within the region.

  • The Caribbean Development Bank
    International Financial Institutions and Their Challenges, 2020
    Co-Authors: Felix I. Lessambo
    Abstract:

    Established by an agreement signed on October 18, 1969, the Caribbean Development Bank (CDB) is a regional financial institution headquartered at Wildey, St. Michael, Barbados. The CDB entered into operation on January 26, 1970, and came into existence with the aim of contributing to the harmonious economic growth and Development of the member countries in the Caribbean, and promoting economic cooperation and integration among them.

  • The Council of Europe Development Bank
    International Financial Institutions and Their Challenges, 2020
    Co-Authors: Felix I. Lessambo
    Abstract:

    Established on April 16, 1956, the Council of Europe Development Bank (CEB) is a multilateral Development Bank with a social vocation. Initially set up to as one of the solutions to the problems of refugees, the CEB is the oldest pan-European supranational financial institution. All its 40 member states are member of the Council of Europe.1 Its scope of action has progressively widened to other sectors of action, directly contributing to strengthening social cohesion in Europe. The CEB is a major instrument of the policy of solidarity in Europe, in order to help its 40 member states achieve sustainable and equitable growth. Since 2012, two of the three rating agencies downgraded the CEB from AAA to AA+, as a consequence of the downgrading of many CEB member countries and borrowers.2

Christopher Kilby - One of the best experts on this subject based on the ideXlab platform.

  • Informal influence in the Inter-American Development Bank
    2012
    Co-Authors: Elizabeth Bland, Christopher Kilby
    Abstract:

    This paper investigates U.S. informal influence in the Inter-American Development Bank (IDB) by testing whether IDB loans disburse faster when the borrowing country is geopolitically or economically important to the U.S. The methodology is similar to that in earlier work on the World Bank and the Asian Development Bank and relies on the governance structure in which formal donor influence ends with loan approval, i.e., prior to loan disbursement. In contrast to findings for the World Bank and the Asian Development Bank, we do not uncover convincing evidence of consistent U.S. informal influence in the Inter-American Development Bank.

  • Informal influence in the Asian Development Bank
    The Review of International Organizations, 2011
    Co-Authors: Christopher Kilby
    Abstract:

    Asian Development Bank, Donor influence, Japan, United States, UN voting, World Bank, F35, F53, F55, O19,

  • informal influence in the asian Development Bank
    Review of International Organizations, 2011
    Co-Authors: Christopher Kilby
    Abstract:

    Through case studies and empirical analysis, scholars have uncovered convincing evidence that individual donors influence lending decisions of international financial institutions (IFIs) such as the World Bank and the Asian Development Bank. Less clear are the mechanisms by which donors exert influence. Potential mechanisms are either formal or informal. Formal influence is through official decisions of the board of executive directors while informal influence covers all other channels. This paper explores the role of informal influence at the Asian Development Bank by examining the flow of funds after loans are approved. Controlling for commitments (loan approvals), are subsequent disbursements linked to the interests of the key shareholders, Japan and the U.S.? I compare these findings with results for the World Bank and consider implications for institutional reforms.

  • donor influence in multilateral Development Banks the case of the asian Development Bank
    Review of International Organizations, 2006
    Co-Authors: Christopher Kilby
    Abstract:

    This paper explores the influence of Japan and the United States over the geographic distribution of Asian Development Bank funds. Estimation using panel data for less developed Asian countries from 1968 to 2002 suggests significant donor influence with inconsistent weight placed on humanitarian criteria given limited funding for the region's largest countries, China and India. Comparing the results with research on World Bank loan allocation suggests donor interests are relatively more important in the ADB. This finding justifies the existence of the ADB on political grounds but calls into question its relative merits on economic grounds.

Banco Africano De Desarrollo - One of the best experts on this subject based on the ideXlab platform.

  • 2016 Joint Report On Multilateral Development Banks' Climate Finance
    2017
    Co-Authors: Banco Mundial, Banco Europeo Para La Reconstrucción Y El Desarrollo, Banco Africano De Desarrollo, Banco Europeu Para A Reconstrução E O Desenvolvimento
    Abstract:

    The Joint Report on Multilateral Development Banks’ Climate Finance is a collaborative effort to make MDB climate finance figures in developing countries and emerging economies public on an annual basis, together with a clear explanation of the joint methodologies for tracking this climate finance. This 2016 edition was prepared by the European Bank for Reconstruction and Development, together with MDB partners the African Development Bank, the Asian Development Bank, the European Investment Bank, the Inter-American Development Bank Group and the World Bank Group.

  • 2014 Joint Report on Multilateral Development Banks' Climate Finance
    2015
    Co-Authors: Banco Mundial, Banco Europeo Para La Reconstrucción Y El Desarrollo, Banque Interaméricaine De Développement, Banque Européenne D'investissement, Banque Européenne Pour La Reconstruction Et Le Développement, Corporación Financiera Internacional, Banco Europeo De Inversiones, Banco Africano De Desarrollo
    Abstract:

    The Joint Report on MDB Climate Finance captures a particular context of activities that Multilateral Development Banks (MDBs) carry out in developing and emerging economies. The context is built on the premise that Development finance is being provided in a world shaped by climate change. This is the fourth year that MDBs have carried out joint reporting on climate finance. The report is based on the joint MDB approach for climate finance tracking and reporting, for which details are provided in Section 2. The MDBs have worked consistently to improve this joint approach and refine reporting. This year's report was coordinated by the World Bank Group and prepared by professional staff from the following MDBs: African Development Bank (AfDB), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Inter-American Development Bank (IDB), and the International Finance Corporate (IFC) and World Bank (WB) from the World Bank Group (WBG)- all together referred in the report as the MDBs.

Banco Europeu Para A Reconstrução E O Desenvolvimento - One of the best experts on this subject based on the ideXlab platform.

  • 2016 Joint Report On Multilateral Development Banks' Climate Finance
    2017
    Co-Authors: Banco Mundial, Banco Europeo Para La Reconstrucción Y El Desarrollo, Banco Africano De Desarrollo, Banco Europeu Para A Reconstrução E O Desenvolvimento
    Abstract:

    The Joint Report on Multilateral Development Banks’ Climate Finance is a collaborative effort to make MDB climate finance figures in developing countries and emerging economies public on an annual basis, together with a clear explanation of the joint methodologies for tracking this climate finance. This 2016 edition was prepared by the European Bank for Reconstruction and Development, together with MDB partners the African Development Bank, the Asian Development Bank, the European Investment Bank, the Inter-American Development Bank Group and the World Bank Group.

Aart Kraay - One of the best experts on this subject based on the ideXlab platform.

  • Good countries or good projects? Comparing macro and micro correlates of World Bank and Asian Development Bank project performance
    The Review of International Organizations, 2017
    Co-Authors: David Bulman, Walter Kolkma, Aart Kraay
    Abstract:

    This paper examines the micro and macro correlates of aid project outcomes in a sample of 3797 World Bank projects and 1322 Asian Development Bank projects. We find that project outcomes vary much more within countries than between countries: only 10–25 % of the variation in project outcomes is between countries, and the rest is within countries. Among country-level macro variables, GDP growth and the policy environment are significantly positively correlated with project outcomes. Among project-level micro variables, shorter project duration and the presence of additional financing are significantly correlated with better project outcomes. In addition, the track record of the project manager in delivering successful projects is highly significantly correlated with project outcomes. We find few significant differences between the two institutions in the relationship between these variables and project outcomes.

  • good countries or good projects comparing macro and micro correlates of world Bank and asian Development Bank project performance
    Review of International Organizations, 2015
    Co-Authors: David Bulman, Walter Kolkma, Aart Kraay
    Abstract:

    This paper examines the micro and macro correlates of aid project outcomes in a sample of 3,821 World Bank projects and 1,342 Asian Development Bank projects. Project outcomes vary much more within countries than between countries: country-level characteristics explain only 10–25 percent of project outcomes. Among macro variables, country growth and the policy environment are significantly positively correlated with project outcomes. Among micro variables, shorter project duration and the presence of additional financing are significantly correlated with better project outcomes. In addition, the track record of the project manager in delivering successful projects is highly significantly correlated with project outcomes. There are few significant differences between the two institutions in the relationship between these variables and project outcomes.