Commentary
Today the Carnegie Endowment for International Peace India announced that Dr. Anit Mukherjee will be the next director of Carnegie India, the New Delhi-based research center.
{
"authors": [
"Nancy Birdsall",
"Brian Deese"
],
"type": "other",
"centerAffiliationAll": "",
"centers": [
"Carnegie Endowment for International Peace"
],
"collections": [],
"englishNewsletterAll": "",
"nonEnglishNewsletterAll": "",
"primaryCenter": "Carnegie Endowment for International Peace",
"programAffiliation": "",
"programs": [],
"projects": [],
"regions": [],
"topics": []
}
REQUIRED IMAGE
Other
The Multilateral Development Banks in a Changing Global Economy
Published on Feb 15, 2001
Source: Carnegie
"On the Multilateral Development Banks in a Changing Global Economy"
Economic Perspectives Electronic Journal of the U.S. Department of State, Vol. 6, No. 1, February 2001
Nancy Birdsall and Brian Deese
Despite quantum increases in private capital flows to developing and emerging-market countries, there are still good reasons for the multilateral development banks (MDB) to continue their activities in these countries. The new private flows -- mostly to middle-income developing countries -- are highly susceptible to reversal, and, in difficult times, the private loans may be unavailable or too costly. MDB financing plays a valuable counter-cyclical role in these economies, and MDB lending can help "crowd in" private investment, signaling a country's commitment to reform.
Nonetheless, the MDBs need to adapt their policies to the changing demands of their members. MDB pricing should become more product and country specific, and new products should be designed to better deal with emergencies and non-lending services. The MDBs should take advantage of the HIPC initiative as a chance to become more selective in their lending practices, and should re-juggle representation within their institutional structures to better reflect changing realities.
Carnegie India does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
More Work from Carnegie India
- Anit Mukherjee Joins Carnegie India as Director
- The PSLV Setback: Restoring India’s WorkhorseCommentary
On January 12, 2026, India's "workhorse," the Polar Satellite Launch Vehicle, experienced a consecutive mission failure for the first time in its history. This commentary explores the implications of this incident on India’s space sector and how India can effectively address issues stemming from the incident.
Tejas Bharadwaj
- AI Adoption Journey for Population ScaleCommentary
Connecting real-world AI use cases across sectors such as health, education, agriculture, and livelihoods can help policymakers, innovators, and institutions align around a shared goal. This article looks at a framework ensuring that AI works for everyone.
Shalini Kapoor, Tanvi Lall
- The Impact of U.S. Sanctions and Tariffs on India’s Russian Oil ImportsCommentary
This piece examines India’s response to U.S. sanctions and tariffs, specifically assessing the immediate market consequences, such as alterations in import costs, and the broader strategic implications for India’s energy security and foreign policy orientation.
Vrinda Sahai
- The State of Digital Transformation in Pacific Island CountriesArticle
Pacific Island Countries are at a pivotal moment in their digital journeys. Across the region, there is growing recognition of digital transformation as a key driver of economic growth, resilience, and global connectivity.
Shruti Mittal, Adarsh Ranjan
