Entwicklungsbanken wie die KfW unterliegen nicht dem Gebot der Gewinnmaximierung, sondern haben das Mandat zur Förderung der wirtschaftlichen, sozialen und ökologischen Entwicklung. Sie helfen Entwicklungs- und Schwellenländern, Unzulänglichkeiten des Marktes zu überbrücken, mit dem Ziel,...

The authors assess the role of the multilateral development system and the reforms needed to support the new global agenda. There is an urgency to the reforms. The coming decades will see the largest urban expansion in history. More infrastructure needs to be built in the next 15 years than the...

Multilateral development finance is at a critical juncture. In the past 70 years, it has developed through four distinct stages. The Bretton Woods conference established the World Bank and the International Monetary Fund in 1944 to finance post-war reconstruction and stabilize the global...

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...

Entwicklungsbanken wie die KfW unterliegen nicht dem Gebot der Gewinnmaximierung, sondern haben das Mandat zur Förderung der wirtschaftlichen, sozialen und ökologischen Entwicklung. Sie helfen Entwicklungs- und Schwellenländern, Unzulänglichkeiten des Marktes zu überbrücken, mit dem Ziel,...

Do we still need the World Bank, given how much the global financial sector has expanded since the institution was founded? The paper argues that there is a continuing role for the Bank and that it is complementary to private finance. But fulfilling that role calls for a significant change in...

Multilateral development finance is at a critical juncture. In the past 70 years, it has developed through four distinct stages. The Bretton Woods conference established the World Bank and the International Monetary Fund in 1944 to finance post-war reconstruction and stabilize the global...

The World Bank was founded to correct failures in international capital markets. That role has shifted over the past 70 years. Modern analyses should proceed from the premise that the Bank's central goal is and should be to reduce extreme poverty. We show that the vast majority of donor...

Since their inception at the end of the Second World War, the sister organizations of the World Bank and the International Monetary Fund (IMF) have aimed to consistently speak with one voice vis-agrave;-vis their member governments. However, anecdotal evidence suggests that they often do not...

The efforts of international financial institutions such as the World Bank to support countries in the effective capture and use of revenues from extractive industries have focused increasingly on transparency, notably through the Extractive Industries Transparency Initiative. In this article,...