Mobilization Effects of Multilateral Development Banks

Broccolini, Chiara; Lotti, Giulia; Maffioli, Alessandro; Presbitero, Andrea F.; Stucchi, Rodolfo

doi:10.5089/9781484393864.001

Cited by 6 publications

(4 citation statements)

References 30 publications

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“…This value is higher than but comparable to the impact of multilateral development bank financing through mobilizing additional private capital, estimated by Broccolini et al (2019) to be about 7.…”

Section: * * *mentioning

confidence: 65%

How Corruption Distance Affects FDI Inflows in India?

Bewtra

2022

RPM

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As firms invest in foreign countries, they face additional costs of doing business in the form of liabilities of foreignness. The liabilities of foreignness are aggravated by the distance in the institutional environment of the home country in which the firms are embedded and the host country in which they invest. Within this context, the aim of this research paper is to examine if a specific form of institutional distance, that is, corruption distance, affects the quantum of inward foreign direct investment (FDI) in India, which is a large emerging market and an important receiver of global FDI flows. Using country-wise FDI inflows data from 2008 to 2020, the results of panel autoregressive distributed lag (ARDL) method reveal the presence of a long-run relationship between FDI inflows and corruption distance between India and the home country of the investor firm. The disequilibrium in the long-run relationship, if any, gets adjusted at the rate of 38.1% per year. The findings also suggest that an improvement in the control of corruption is expected to lead to greater FDI inflows in the country, thereby providing an important policy implication. To attract FDI and to fully realise its benefits which are essential for an emerging country like India, policymakers need to make concerted efforts to control the level of corruption.

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Section: * * *mentioning

confidence: 65%

How Corruption Distance Affects FDI Inflows in India?

Bewtra

2022

RPM

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“…Ketterer and Powell (2018) argue that MDBs may have a comparative advantage in bearing risks that relate to public sector contract performance, regulatory risks, or expropriation risks. a Broccolini et al (2020) find that MDBs crowd in private investors. Specifically, the analysis finds that the number of loans, the size of private capital flows, the number of creditors per loan, and the average loan maturity all increase in the years following the presence of syndicated loans with MDB participation.…”

Section: Government and Nongovernment Infrastructure Financingmentioning

confidence: 98%

From Structures to Services: The Path to Better Infrastructure in Latin America and the Caribbean

Powell¹,

Serebrisky²,

Cavallo³

2020

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Antonio Estache, a citizen of Belgium, holds a PhD in Economics from the Université Libre de Bruxelles. He is a professor of economics at his alma mater and a member of the European Center for Advanced Research in Economics and Statistics.Roberto Guerrero, a citizen of Mexico, holds a PhD in Economics from the Massachusetts Institute of Technology. He is an economics senior associate in the Climate Change and Sustainable Development Sector of the Inter-American Development Bank. xxVIII FROM STRUCTURES TO SERVICES Michelle Hallack, a citizen of Brazil, holds a PhD in Economics from the University of Paris Sud. She is a senior energy specialist in the Energy Division of the Inter-American Development Bank. Robin Hamaker-Taylor, a citizen of the United States, holds an MSc in Environmental Policy and Regulation from the London School of Economics. She is a climate policy and risk consultant at Acclimatise Ltd. Bridget Hoffmann, a citizen of the United States, holds a PhD in Economics from Northwestern University. She is an economics specialist in the Research Department of the Inter-American Development Bank. David López Soto, a citizen of Mexico, holds an MA in Economics from El Colegio de México. He is an economist in the Energy Division of the Inter-American Development Bank. Fabiana Machado, a citizen of Brazil, holds a PhD in Political Science from the University of Rochester. She is a senior economist in the Water and Sanitation Division of the Inter-American Development Bank. Laureen Montes Calero, a citizen of Nicaragua, holds an MA in Development and Globalization from the Institute of Development Policy at the University of Antwerp. She is an economist in the Transport Division of the Inter-American Development Bank.

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“…The average maturity of syndicated loans also lengthened. The economic effects were sizable, implying that MBDs could play an important role in mobilizing private capital to achieve the SDGs [116]. Development projects with huge potential catalytic impact may still be infeasible due not to unsound planning, but to public-sector fiscal restrictions.…”

Section: Mdbs' Pioneering Entrepreneurshipmentioning

confidence: 99%

Sustainable Banking: The Role of Multilateral Development Banks as Norm Entrepreneurs

Méndez

Houghton

2020

Sustainability

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This article explores the role of multilateral development banks (MDBs) in originating norms of sustainable banking that have attracted and supported green private finance, a role not widely known in the management literature. Any prospect of achieving the United Nations (UN) Sustainable Development Goals by 2030 presupposes mobilizing the estimated US$23.3 trillion currently locked-up in risk-averse private savings to bridge the gap between developing countries’ demand for capital and the current global financial architecture’s capacity to supply it. The three biggest obstacles to sustainable banking identified by the authors are discussed: (1) The uncertain bankability of projects; (2) non-transparency in tracking sustainable capital flows; and (3) no universal mechanism capable of making matches between green investment supply and demand; and what MDBs have actually done to overcome these roadblocks, and might do in future, is also discussed. Seen through the lens of “applied constructivism”, MDBs are revealed to be norm entrepreneurs proactive since at least the 1970s in socially constructing most of the basic norms and practices of sustainable banking which the private sector relies on or is now striving to take up. MDBs are typically the first “port of call” for international governmental organizations (IGOs) and civil society organizations wishing to establish a sustainable financial framework for development; and are the likeliest political agents to pioneer sustainable banking in future. MDBs would do well to develop an awareness of the methods of Constructivism, which they have actually been unwittingly using, to empower themselves to meet the challenges of the 21st century.

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Mobilization Effects of Multilateral Development Banks

Cited by 6 publications

References 30 publications

How Corruption Distance Affects FDI Inflows in India?

How Corruption Distance Affects FDI Inflows in India?

From Structures to Services: The Path to Better Infrastructure in Latin America and the Caribbean

Sustainable Banking: The Role of Multilateral Development Banks as Norm Entrepreneurs

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