Mobilization Effects of Multilateral Development Banks

Mobilization Effects of Multilateral Development Banks PDF Author: Chiara Broccolini
Publisher: International Monetary Fund
ISBN: 1498301061
Category : Business & Economics
Languages : en
Pages : 51

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Book Description
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.

Mobilization Effects of Multilateral Development Banks

Mobilization Effects of Multilateral Development Banks PDF Author: Chiara Broccolini
Publisher: International Monetary Fund
ISBN: 1498301061
Category : Business & Economics
Languages : en
Pages : 51

Get Book Here

Book Description
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.

A Guide to the World Bank

A Guide to the World Bank PDF Author: World Bank
Publisher: World Bank Publications
ISBN: 0821366955
Category : Business & Economics
Languages : en
Pages : 272

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Book Description
The World Bank Group is a vital source of financial and technical assistance to developing countries around the world. Its focus is on helping the poorest people in the poorest countries by using its financial resources, staff, and extensive experience to aid countries in reducing poverty, increasing economic growth, and improving quality of life. In partnership with more than 100 developing countries, the Bank Group is striving to improve health and education, fight corruption, boost agricultural support, build roadsand ports, and protect the environment. Other projects are aimed at rebuilding war-torn countries or regions, providing basic services such as access to clean water, and encouraging investments that create jobs. In addition to this critical groundwork around the world, various parts of the World Bank Group are involved in activities ranging from conducting economic research and analysis to providing financial and advisory services to governments and private enterprises. This completely revised and updated second edition provides an accessible and straightforward overview of the World Bank Group's history, organization, mission, and purpose. Additionally, for those wishing to delve further into subjects of particular interest, the book guides readers to sources containing more detailed information, including annual reports, Web sites, publications, and e-mail addresses for various departments. It also provides information on how to work for or do business with the World Bank. A good introduction for anyone interested in understanding what the World Bank Group does and how it does it, this book shows readers who want to learn more where to begin.

The Role of National Development Banks in Catalyzing International Climate Finance

The Role of National Development Banks in Catalyzing International Climate Finance PDF Author: Lucila Serra
Publisher: Inter-American Development Bank
ISBN:
Category : Business & Economics
Languages : en
Pages : 95

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Book Description
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.

Future Carbon Fund

Future Carbon Fund PDF Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292610635
Category : Business & Economics
Languages : en
Pages : 217

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Book Description
Asia and the Pacific is home to more than 60% of the world's population and 62% of the global economic output. But the region still faces enormous development challenges and with economic growth, it has become a major source of greenhouse gas (GHG) emissions. This has exposed Asia and the Pacific to the impacts of climate change, threatening to undo the development gains from economic prosperity over the past decades. This report reflects how Clean Development Mechanism projects supported by the Future Carbon Fund not only reduce GHG emissions but deliver social, environmental, and economic co-benefits contributing to sustainable development in the region. This report also presents qualitative and quantitative analysis of these co-benefits.

Financing Clean Energy Access in Sub-Saharan Africa

Financing Clean Energy Access in Sub-Saharan Africa PDF Author: Bruno Michoud
Publisher: Springer Nature
ISBN: 303075829X
Category : Business & Economics
Languages : en
Pages : 197

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Book Description
This open access book analyses barriers and challenges associated with the financing of clean energy access in sub-Saharan Africa. By considering various economic, financial, political, environmental and social factors, it explores the consequences of energy poverty across the region and maps the real and perceived investment risks for potential capital providers, both domestic and international. Furthermore, it analyses risk mitigation strategies and innovative financing structures available to the public and private sectors, which are aimed at leveraging capital in the clean energy sector at scale and fostering the creation of an enabling business and investment environment. More specifically, the present book analyses how to (i) enhance capital allocation in projects and organisations that foster clean energy access in the region, (ii) mobilize private capital at scale and (iii) decrease the cost of financing through risk mitigation strategies. Going beyond traditional approaches, the book also considers socioeconomic and cultural aspects associated with investment barriers across the subcontinent. Moreover, it urges the public and private spheres to become more actively involved in tackling this pressing development issue, and provides policy recommendations for the public sector, including proposals for business model evolution at multilateral agencies and development institutions. It will appeal to a wide readership of both academics and professionals working in the energy industry, the financial sector and the political sphere, as well as to general readers interested in the ongoing debate about energy, sustainable development and finance.

Banking on the Future of Asia and the Pacific

Banking on the Future of Asia and the Pacific PDF Author: Peter McCawley
Publisher: Asian Development Bank
ISBN: 9292577921
Category : Business & Economics
Languages : en
Pages : 564

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Book Description
This book is a history of the Asian Development Bank (ADB), a multilateral development bank established 50 years ago to serve Asia and the Pacific. Focusing on the region’s economic development, the evolution of the international development agenda, and the story of ADB itself, this book raises several key questions: What are the outstanding features of regional development to which ADB had to respond? How has the bank grown and evolved in changing circumstances? How did ADB’s successive leaders promote reforms while preserving continuity with the efforts of their predecessors? ADB has played an important role in the transformation of Asia and the Pacific the past 50 years. As ADB continues to evolve and adapt to the region’s changing development landscape, the experiences highlighted in this book can provide valuable insight on how best to serve Asia and the Pacific in the future.

International Banks and the Environment

International Banks and the Environment PDF Author: Raymond F. Mikesell
Publisher: Random House (NY)
ISBN:
Category : Business & Economics
Languages : en
Pages : 328

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Book Description
Raymond Mikesell and Lawrence Williams argue that even though development banks have made some commendable progress--especially in the past several years--there is still much left to be done. It is imperative that MDB's learn to fund irrigation projects that increase agricultural output without damaging the soil or polluting waterways, and support forest projects that will use resources productively without destroying ecosystems or indigenous cultures. Multilateral banks can improve their performance--and the public can press them toward reform--by learning from both the satisfactory and unsatisfactory operations of the past. Mikesell and Williams review in detail the ecological and human consequences of projects supported by development banks over the past three decades. They analyze the problems associated with agricultural projects, forestry programs, and development initiatives for mining, livestock, power, and infrastructure.

Meeting Asia's Infrastructure Needs

Meeting Asia's Infrastructure Needs PDF Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292577549
Category : Business & Economics
Languages : en
Pages : 235

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Book Description
Infrastructure is essential for development. This report presents a snapshot of the current condition of developing Asia's infrastructure---defined here as transport, power, telecommunications, and water supply and sanitation. It examines how much the region has been investing in infrastructure and what will likely be needed through 2030. Finally, it analyzes the financial and institutional challenges that will shape future infrastructure investment and development.

Catalyzing Green Finance

Catalyzing Green Finance PDF Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292578561
Category : Business & Economics
Languages : en
Pages : 276

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Book Description
A large financing need challenges climate-adjusted infrastructure in developing Asia, estimated at $26 trillion till 2030. This necessitates crowding-in private sources to meet financing, efficiency, and technology gaps. However, a lack of bankable projects is a major hurdle. This publication suggests one possible innovative financing approach. The Green Finance Catalyzing Facility (GFCF) proposes a blended finance framework for governments and development entities to better leverage development funds for risk mitigation, generate a pipeline of bankable green infrastructure projects, and directly catalyze private finance. The GFCF provides useful inputs for the current debate on mainstreaming green finance into country financial systems.

The Future of National Development Banks

The Future of National Development Banks PDF Author: Stephany Griffith-Jones
Publisher:
ISBN: 0198827946
Category : Business & Economics
Languages : en
Pages : 388

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Book Description
For a long time the topic of national development banks was limited to a debate between admirers and detractors of these institutions, often inserted into a more general debate of state versus markets. Since the 2007/8 North Atlantic financial crisis however, interest and support for these institutions has broadly increased in both developing and developed countries. Key issues such as understanding how development banks work, what their main aims are, and what their links with the private financial and corporate sector are have come to the forefront, and there is an increased interest in what instruments, incentives, and governance work better in general and in particular contexts. The Future of National Development Banks provides an in-depth study of several key examples of these institutions based in Brazil, Chile, China, Colombia, Germany, Mexico, and Peru. It explores horizontal issues such as their role in innovation and structural change, sustainable infrastructure financing, financial inclusion, and regulatory rules. It provides both research and policy-oriented perspectives on how these banks can make a significant contribution to a countries' development, and analyses their roles within broader economic policy, their governance, and the main instruments they use to perform their function. The Future of National Development Banks has important policy implications for countries that have these institutions and can improve them, and countries that do not have them yet and can learn from best practice.