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Despite massive investment of money and research aimed at ameliorating third-world poverty, the development strategies … the World Bank, developing countries have experienced lower growth and rising inequality compared to previous periods. In … Beyond the World Bank Agenda, Howard Stein argues that the controversial institution is plagued by a myopic, neoclassical …
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This study uses 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), that is, their ability to crowd-in capital from private creditors. Controlling for a large set of...
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