Report
Nancy Birdsall, Rachel Menezes
Report
The Role of the Multilateral Development Banks in Emerging Market Economies
Should the Multilateral Development Banks continue to lend to this group of countries or, instead, concentrate attention on poorer countries with little such access? Second, what purposes should this lending serve and under what conditions should it take place?
Published on Apr 26, 2001
Source: Carnegie
|
|
Report of the Commission on the Role of the MDBs in the EMEs | |
| Commission Cochairs: José Angel Gurria and Paul Volcker | ||
| Pub Date: April 26, 2001 | ||
Transcript of the Press Conference, April 26
Transcript of the report luncheon with Paul Volcker, May 1
Does lending by the World Bank and the regional development banks to emerging markets still make sense? Skeptics argue that the banks are no longer relevant for countries with access to private capital. To examine this issue, the Carnegie Endowment for International Peace, EMP Financial Advisors, LLC, and the Inter-American Dialogue formed a commission, cochaired by former Mexican Finance Minister José Angel Gurria and former U.S. Federal reserve Chairman Paul Volcker, to assess the activities of the multilateral development banks (MDBs) in the emerging market economies.
The Commission addressed two central questions: Should the MDBs continue to lend to this group of countries or instead concentrate attention on poorer countries with little access to private capital? What purposes should this lending serve and under what conditions should it take place?
The report argues that the MDBs should continue to lend to the emerging market economies as an integral part of their ongoing role in the years ahead. At the same time, Commission members recommend changes on long-standing MDB approaches toward the emerging market economies more appropriate to today's global economy.
About the Author
Nancy Birdsall
Former Senior Associate
- Washington Contentious: Economic Policies for Social Equity in Latin America
- World Bank of the Future: Victim, Villain or Global Credit Union?Other
Nancy Birdsall
Recent Work
More Work from Carnegie Endowment for International Peace
- The Other Global Crisis Stemming From the Strait of Hormuz’s BlockageCommentary
Even if the Iran war stops, restarting production and transport for fertilizers and their components could take weeks—at a crucial moment for planting.
Noah Gordon, Lucy Corthell
- Resetting Cyber Relations with the United StatesArticle
For years, the United States anchored global cyber diplomacy. As Washington rethinks its leadership role, the launch of the UN’s Cyber Global Mechanism may test how allies adjust their engagement.
Patryk Pawlak, Chris Painter
- China’s AI-Empowered Censorship: Strengths and LimitationsArticle
Censorship in China spans the public and private domains and is now enabled by powerful AI systems.
Nathan Law
- Why Are China and Russia Not Rushing to Help Iran?Commentary
Most of Moscow’s military resources are tied up in Ukraine, while Beijing’s foreign policy prioritizes economic ties and avoids direct conflict.
Alexander Gabuev, Temur Umarov
- Georgia’s Fall From U.S. Favor Heralds South Caucasus RealignmentCommentary
With the White House only interested in economic dealmaking, Georgia finds itself eclipsed by what Armenia and Azerbaijan can offer.
Bashir Kitachaev
