Discontent with the substantial influence of major global players in International Financial Institutions (IFIs) has raised a call to restructure these organizations. Greater involvement of borrowing members in lending decisions has been proposed in order to limit the exposure of development...

Proponents of New Institutional Economics claim, among other things, that NIE forms the basis for a new theory of development financing. This article explains the differences between neo-institutional approaches and other theories of development financing. It shows that there is a link between...