The Global Architecture of Multilateral Development Banks

Bazbauers, Adrian Robert; Engel, Susan

doi:10.4324/9781003007128

Cited by 8 publications

(5 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…As their main lending instrument, sovereign loans are contractual financing arrangements between national governments and MDBs. City‐level governments have typically not been recipients (Bazbauers & Engel, 2021; Engen & Prizzon, 2018); “although city mitigation and adaptation efforts must largely be planned, implemented, and managed locally, the climate finance system has primarily channelled money for urban projects to (or through) national governments” (Barnard, 2015, p. 10). This is slowly changing, however, with several SGR city projects directly financing cities, revealing the potential for the MDBs to shift beyond older financing models to engage directly with the end users and implementors of their investments.…”

Section: Discussionmentioning

confidence: 99%

“…The MDBs are international development organizations shaped greatly by banking and financial rules and norms (see Bazbauers & Engel, 2021; Humphrey, 2014, 2016, 2017). This is especially relevant in evaluating the financial costs associated with SGR city action plans and companion projects, including where funding is being directed.…”

Section: Discussionmentioning

confidence: 99%

“…Infrastructure is the centrepiece of MDB climate finance (Bazbauers & Engel, 2021). The SGR city projects identified in this study (except for the IADB’s TC projects) are project‐based loans prioritizing infrastructural development.…”

Section: Discussionmentioning

confidence: 99%

“…Although there are distinctions between the MDBs, including varying shareholder influence, capital bases, and mandates, there are also commonalities, including the wording of their establishing agreements, sectoral focuses on infrastructure and private sector growth, managerial oversight by boards of governors and directors and day‐to‐day operations led by a president, and the isomorphic influence of global credit rating agencies and capital markets (Hall, 2015; Humphrey, 2016, 2017). Organizational convergence has led to overlap in the responses of the MDBs to climate change, with their common approaches shaped by trends in global environmental governance (Bagozzi, 2015; Bailer & Weiler, 2015; Bazbauers & Engel, 2021; Clapp & Dauvergne, 2005; Gupta, 2010; Redclift, 2005; Young, 2002).…”

Section: The Multilateral Development Banks and Sgr Citiesmentioning

confidence: 99%

“…There are 30 MDBs (see Bazbauers & Engel, 2021). A handful first engaged with environmental issues in the 1970s and all today respond to climate change to some degree, with the 2015 Paris Agreement and SDGs serving as lodestars.…”

Section: Introductionmentioning

confidence: 99%

See 4 more Smart Citations

Translating climate strategies into action: An analysis of the sustainable, green, and resilient city action plans of the multilateral development banks

Bazbauers¹

2021

Development Policy Review

View full text Add to dashboard Cite

Motivation Climate change is exposing significant urban vulnerabilities. The multilateral development banks (MDBs) have responded by devising a suite of sustainable, green, and resilient (SGR) city advisory services and lending products to prepare cities for future climate change impacts. Purpose The article comparatively analyses SGR city action plans and companion projects drafted by the MDBs. It thus evaluates the translation of analytical work into investments, reviewing what the MDBs are prioritizing and what this means for development and climate change. Methods and approach The article qualitatively analyses 124 SGR city action plans and 65 companion lending operations approved by four MDBs between 2014 and 2021, evaluating action plan documents and project appraisal, implementation, and results reports. Findings The article finds that while the SGR city action plans propose comprehensive recommendations, the companion projects narrowly focus on infrastructural upgrades that are uncertain to adequately prepare cities for future climate change impacts. Policy implications Multilateral interventions targeting climate change expanded considerably during the 2010s. The MDBs, however, continue to prioritize project‐based infrastructural investments financing climate mitigation and resilience actions over more substantive climate adaptation initiatives. This article thus shows that SGR city action plans hold great potential to enact robust and inclusive climate responses but have so far been stymied by the conservatism of project‐based investment lending.

show abstract

Section: Discussionmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

Section: The Multilateral Development Banks and Sgr Citiesmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Translating climate strategies into action: An analysis of the sustainable, green, and resilient city action plans of the multilateral development banks

Bazbauers¹

2021

Development Policy Review

View full text Add to dashboard Cite

show abstract

Multilateral Development Banks as Agents of Connectivity: the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB)

Creutz

2023

East Asia

View full text Add to dashboard Cite

The article explores connectivity from the prism of multilateral development banks. It recognises that theorising on connectivity is increasing, but as connectivity agency is less addressed, it aims to contribute to discussions on who the agents of connectivity are and how they contribute thereto. By analysing the Asian Development Bank (ADB) and the Asian Infrastructure Bank (AIIB) respectively, the article sets forth a three-dimensional agency: strategic, developmental and financial. This is in line with the multi-layered nature of the banks, which reflects the broader member states and key state interests. Next to their role as banks, they contribute to the understanding of development, in addition to which they represent key shareholder interests. The banks are both to be seen as nodes of connectivity and as active agents in realising connectivity for others.

show abstract

The Dual Nature of Multilateral Development Banks

Peitz

2023

View full text Add to dashboard Cite

This Element offers a novel, highly relevant perspective towards Multilateral Development Banks (MDBs), which are development and financial organizations at the same time. Based on the elaborate institutional logics perspective borrowed from organizational sociology, it uncovers the complex trade-offs between financial and development pressures faced by MDBs and explains variation in organizational responses thereto across types of MDBs. The argument is tested with an original dataset using Data Envelopment Analysis to explain variation in response patterns across MDBs. The analysis shows that lending to the private sector as well as being predominantly owned by borrowing members increase MDBs' emphasis on the financial at the expense of the development nature. Thereby, this Element provides unique insights into MDBs' responses to their dual nature and significantly advances our understanding of MDB lending operations, drawing attention to the complexities involved in the unique MDB business model.

show abstract

The Global Architecture of Multilateral Development Banks

Cited by 8 publications

References 0 publications

Translating climate strategies into action: An analysis of the sustainable, green, and resilient city action plans of the multilateral development banks

Translating climate strategies into action: An analysis of the sustainable, green, and resilient city action plans of the multilateral development banks

Multilateral Development Banks as Agents of Connectivity: the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB)

The Dual Nature of Multilateral Development Banks

Contact Info

Product

Resources

About