In this article I offer a possible framework for our discussions (both written and verbal) in the Journal-sponsored Fall 2007 Symposium on "Law and Policy in International Financial Institutions." I am pleased to have been helping to organize the symposium, mainly because the issues at play are...

What is the governing law for loan agreements entered into by the World Bank and other multilateral development banks (MDBs) in carrying out their public sector lending? That question was first definitively addressed about thirty-five years ago. This article examines the question anew, against...

In May 2011, Chairman Chen Yuan of the China Development Bank (CDB) was thinking back on CDB's financing of a major project between Petroleo Brasileiro SA (Petrobras), Brazil's state-owned oil and gas producer and China Petroleum & Chemical Corporation (Sinopec), one of China's largest oil...

During tumultuous fiscal years of the past few decades, the World Bank, acting in its capacity as lender of last resort, granted unsecured loans to debt-ridden sovereigns. Instead of taking a lien over the state's assets, the World Bank protected its interests via a broadly-worded Negative...

This paper reviews the response of the Inter-American Development Bank (IDB) to the 'global financial crisis', against the background of its analysis of regional development priorities prior to the crisis. Between 2003 and 2009 the Bank developed a focus on 'productive development': 'industrial'...

Public development banks and development financing institutions are experiencing renaissance worldwide, but systematic academic research is patchy. The bottleneck mainly boils down to the lack of data, which has constrained the meaningful research on the rationales of establishing PDBs and DFIs...

Weijian Shan, Managing Partner of Newbridge Capital, faces a tough call in regard to his firm's investment in Shenzhen Development Bank, China's fifteenth largest commercial bank listed on the Shenzhen Stock Exchange. Due to the aggressive lobby of the existing management at the bank, the...

The world economic order created by the internationot;nal economic institutions such as the IMF and World Bank - the Siamese twins born at Bretton Woods - did not benefit the poor countries and there is no prosnot;pect for them to improve their living standards. Before the Bretton Woods era,...

Diese Studie liefert auf Unternehmensebene eine länderübergreifende Analyse aller Entwicklungsbanken mit Hauptsitz in Europa. Ziel ist es, das finanzielle Profil und die Effizienzmerkmale der Entwicklungsbanken herauszuarbeiten und ihre Fähigkeit zur Beschaffung externer Finanzierung zu...