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The World Bank and the Asian Development Bank: Should Asia Have Both?

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  • Nehru, Vikram

    (Asian Development Bank Institute)

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    Abstract

    This paper examines the complementary and competitive roles of the World Bank and the Asian Development Bank (ADB) in Asia given the backdrop of a changing world in which development priorities and challenges are changing rapidly and the rapid expansion of financial flows to developing countries is challenging the influence of these organizations. The paper highlights changes to the international aid architecture, its increasing fragmentation, the rise of non-traditional donors, and recent efforts at improving aid coordination. With this background, the paper examines the roles of the World Bank and ADB in Asia, provides some comparisons of their performance, notes their overlapping responsibilities, and explains current approaches to coordination and cooperation between them.

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    File URL: http://www.adbi.org/files/2012.10.02.wp385.world.bank.adb.should.asia.have.both.pdf
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    Bibliographic Info

    Paper provided by Asian Development Bank Institute in its series ADBI Working Papers with number 385.

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    Length: 21 pages
    Date of creation: 05 Oct 2012
    Date of revision:
    Handle: RePEc:ris:adbiwp:0385

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    Related research

    Keywords: world bank; asian development bank; asia; international aid;

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    1. Knack, Stephen & Rogers, F. Halsey & Eubank, Nicholas, 2010. "Aid quality and donor rankings," Policy Research Working Paper Series 5290, The World Bank.
    2. William Easterly & Tobias Pfutze, 2008. "Where Does the Money Go? Best and Worst Practices in Foreign Aid," Journal of Economic Perspectives, American Economic Association, vol. 22(2), pages 29-52, Spring.
    3. Casella, Alessandra & Frey, Bruno, 1992. "Federalism and clubs : Towards an economic theory of overlapping political jurisdictions," European Economic Review, Elsevier, vol. 36(2-3), pages 639-646, April.
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Aid and Asia Buzz (Oct 19): More loans for Myanmar | Hunger in South Asia | BangladeshÂ’s unspent aid | Cheaper drugs for Asia | Vietnam to join space race? | More
      by Ashlee Betteridge in Development Policy Blog on 2012-10-18 19:00:47

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