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Informal influence in the Asian Development Bank

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  • Christopher Kilby

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Abstract

Through case studies and empirical analysis, scholars have uncovered convincing evidence that individual donors influence lending decisions of international financial institutions (IFIs) such as the World Bank and the Asian Development Bank. Less clear are the mechanisms by which donors exert influence. Potential mechanisms are either formal or informal. Formal influence is through official decisions of the board of executive directors while informal influence covers all other channels. This paper explores the role of informal influence at the Asian Development Bank by examining the flow of funds after loans are approved. Controlling for commitments (loan approvals), are subsequent disbursements linked to the interests of the key shareholders, Japan and the U.S.? I compare these findings with results for the World Bank and consider implications for institutional reforms.

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Bibliographic Info

Article provided by Springer in its journal The Review of International Organizations.

Volume (Year): 6 (2011)
Issue (Month): 3 (September)
Pages: 223-257

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Handle: RePEc:spr:revint:v:6:y:2011:i:3:p:223-257

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Web page: http://www.springer.com/business/sociology/journal/11558

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Related research

Keywords: Asian Development Bank; Donor influence; Japan; United States; UN voting; World Bank; F35; F53; F55; O19;

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References

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  18. Frey, Bruno S. & Schneider, Friedrich, 1986. "Competing models of international lending activity," Journal of Development Economics, Elsevier, vol. 20(2), pages 225-245, March.
  19. Christopher Kilby, 2006. "Donor influence in multilateral development banks: The case of the Asian Development Bank," The Review of International Organizations, Springer, vol. 1(2), pages 173-195, June.
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