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Development Finance in the BRIC Countries

Author

Listed:
  • Abalkina, Anna
  • Libman, Alexander
  • Yu, Xiofan

Abstract

In recent years, BRIC countries have demonstrated high rates of economic growth, rapid increases in GDP per capita and growing capital accumulation, and have been playing an increasingly important role in the global economy. However, as middle-income countries (low-income in the case of India), BRICs still rely on development finance. Multilateral development banks (MDBs) have become an important source of external long-term capital available to BRICs. The objective of this paper is to examine the role of multilateral development banks in BRICs and to take a look at the banks’ operations as well as problems related to MDBs’ performance in BRIC countries.

Suggested Citation

  • Abalkina, Anna & Libman, Alexander & Yu, Xiofan, 2013. "Development Finance in the BRIC Countries," MPRA Paper 54375, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:54375
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    References listed on IDEAS

    as
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    3. Ratha, Dilip, 2005. "Demand for World Bank lending," Economic Systems, Elsevier, vol. 29(4), pages 408-421, December.
    4. World Bank, 2009. "World Development Indicators 2009," World Bank Publications - Books, The World Bank Group, number 4367, December.
    5. Ratha, Dilip, 2001. "Complementarity between multilateral lending and private flows to developing countries : some empirical results," Policy Research Working Paper Series 2746, The World Bank.
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    More about this item

    Keywords

    Development finance; multilateral development banks; BRIC;
    All these keywords.

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • F35 - International Economics - - International Finance - - - Foreign Aid
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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