Does Inclusion Guarantee Institutional Autonomy? The Case of the Inter-American Development Bank
Discontent with the substantial influence of major global players in International Financial Institutions (IFIs) has raised a call to restructure these organizations. Greater involvement of borrowing members in lending decisions has been proposed in order to limit the exposure of development resources to the interests of large donors. No consensus has been reached, however, if such eventual reforms would create more independent and efficient IFIs. Through its analysis of the allocation patterns of the Inter-American Development Bank (IDB), this paper contributes to the debate on whether greater representation of borrowers in the governance of IFIs truly translates into fairer lending practices. Far from being a fully democratic institution, the IDB is nevertheless an example of a major IFI not dominated by non-borrowers, and its organization and lending behavior may well provide some clues to resolve the broader debate. Empirical results from examining IDB loan commitments granted during the 1970-2007 period reveal that control over IDB allocation decisions by its largest stakeholder, the US, is limited. This atypical finding is a result of the strong influence of borrowing members in the governance of the Bank. In particular, interest heterogeneity among the US and large borrowers leads to distributional conflicts, thereby creating the opportunity for greater institutional autonomy.
|Date of creation:||03 Apr 2013|
|Date of revision:|
|Note:||This paper is part of http://archiv.ub.uni-heidelberg.de/volltextserver/view/schriftenreihen/sr-3.html|
|Contact details of provider:|| Postal: Grabengasse 14, D-69117 Heidelberg|
Phone: +49-6221-54 2905
Fax: +49-6221-54 2914
Web page: http://www.awi.uni-heidelberg.de/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Christopher Kilby, 2011.
"Informal influence in the Asian Development Bank,"
The Review of International Organizations,
Springer, vol. 6(3), pages 223-257, September.
- Christopher Kilby, 2010. "Informal influence in the Asian Development Bank," Villanova School of Business Department of Economics and Statistics Working Paper Series 13, Villanova School of Business Department of Economics and Statistics.
- Dreher, Axel & Sturm, Jan-Egbert & Vreeland, James Raymond, 2009. "Global horse trading: IMF loans for votes in the United Nations Security Council," European Economic Review, Elsevier, vol. 53(7), pages 742-757, October.
- Dollar, David & Alesina, Alberto, 2000.
"Who Gives Foreign Aid to Whom and Why?,"
4553020, Harvard University Department of Economics.
- Thomas Barnebeck Andersen & Henrik Hansen & Thomas Markussen, 2006.
"US politics and World Bank IDA-lending,"
Journal of Development Studies,
Taylor & Francis Journals, vol. 42(5), pages 772-794.
- Ilyana Kuziemko & Eric Werker, 2006. "How Much Is a Seat on the Security Council Worth? Foreign Aid and Bribery at the United Nations," Journal of Political Economy, University of Chicago Press, vol. 114(5), pages 905-930, October.
- Jan-Egbert Sturm & Helge Berger & Jakob de Haan, 2005.
"Which Variables Explain Decisions On Imf Credit? An Extreme Bounds Analysis,"
Economics and Politics,
Wiley Blackwell, vol. 17, pages 177-213, 07.
- Sturm, Jan-Egbert & Berger, Helge & de Haan, Jakob, 2004. "Which variables explain decisions on IMF credit? An extreme bounds analysis," Discussion Papers 2004/15, Free University Berlin, School of Business & Economics.
- Axel Dreher & Nathan Jensen, 2003.
"Independent Actor or Agent? An Empirical Analysis of the impact of US interests on IMF Conditions,"
0310004, EconWPA, revised 08 Jan 2004.
- Axel Dreher & Nathan Jensen, 2005. "Independent Actor or Agent? An Empirical Analysis of the impact of US interests on IMF Conditions," KOF Working papers 05-118, KOF Swiss Economic Institute, ETH Zurich.
- Michael Clemens & Steven Radelet & Rikhil Bhavnani, 2004.
"Counting Chickens When They Hatch: The Short-term Effect of Aid on Growth,"
44, Center for Global Development.
- Michael A. Clemens & Steven Radelet & Rikhil Bhavnani, 2004. "Counting chickens when they hatch: The short-term effect of aid on growth," International Finance 0407010, EconWPA.
- 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.
- Elizabeth Bland & Christopher Kilby, 2012. "Informal influence in the Inter-American Development Bank," Villanova School of Business Department of Economics and Statistics Working Paper Series 22, Villanova School of Business Department of Economics and Statistics.
- Michaelowa, Katharina & Humphrey, Chris, 2011. "The Business of Development: Trends in Lending by Multilateral Development Banks to Latin America, 1980-2009," Proceedings of the German Development Economics Conference, Berlin 2011 57, Verein für Socialpolitik, Research Committee Development Economics.
- Raghuram G. Rajan & Arvind Subramanian, 2008.
"Aid and Growth: What Does the Cross-Country Evidence Really Show?,"
The Review of Economics and Statistics,
MIT Press, vol. 90(4), pages 643-665, November.
- Raghuram G. Rajan, 2005. "Aid and Growth: What Does The Cross-Country Evidence Really Show?," Working Papers id:54, eSocialSciences.
- Raghuram Rajan & Arvind Subramanian, 2005. "Aid and Growth; What Does the Cross-Country Evidence Really Show?," IMF Working Papers 05/127, International Monetary Fund.
- Raghuram G. Rajan & Arvind Subramanian, 2005. "Aid and Growth: What Does the Cross-Country Evidence Really Show?," NBER Working Papers 11513, National Bureau of Economic Research, Inc.
- Christopher Kilby, 2013.
"An Empirical Assessment of Informal Influence in the World Bank,"
Economic Development and Cultural Change,
University of Chicago Press, vol. 61(2), pages 431 - 464.
- Christopher Kilby, 2010. "An empirical assessment of informal influence in the World Bank," Villanova School of Business Department of Economics and Statistics Working Paper Series 9, Villanova School of Business Department of Economics and Statistics.
- Graham Bird & Dane Rowlands, 2005.
"IMF Quotas; Constructing An International Organization Using Inferior Building Blocks,"
School of Economics Discussion Papers
1305, School of Economics, University of Surrey.
- Graham Bird & Dane Rowlands, 2006. "IMF quotas: Constructing an international organization using inferior building blocks," The Review of International Organizations, Springer, vol. 1(2), pages 153-171, June.
- Helge Berger & Jakob de Haan & Jan-Egbert Sturm, 2005. "Which Variables Explain Decisions on IMF Credit? An Extreme Bounds Analysisï¿½," TWI Research Paper Series 13, Thurgauer Wirtschaftsinstitut, Universitï¿½t Konstanz.
- Robert K. Fleck & Christopher Kilby, 2006.
"World Bank Independence: A Model and Statistical Analysis of US Influence,"
Review of Development Economics,
Wiley Blackwell, vol. 10(2), pages 224-240, 05.
- Fleck, Robert K. & Kilby, Christopher & Fleck, Robert K., 2001. "World Bank Independence: A Model and Statistical Analysis of U.S. Influence," Vassar College Department of Economics Working Paper Series 53, Vassar College Department of Economics.
- Breßlein, Martin & Schmaljohann, Maya, 2013. "Surrender your market! Do the G5 countries use World Bank Trade Conditionality to promote Trade?," Working Papers 0550, University of Heidelberg, Department of Economics.
- Michael A. Clemens & Steven Radelet & Rikhil R. Bhavnani & Samuel Bazzi, 2012. "Counting Chickens when they Hatch: Timing and the Effects of Aid on Growth," Economic Journal, Royal Economic Society, vol. 122(561), pages 590-617, 06.
When requesting a correction, please mention this item's handle: RePEc:awi:wpaper:0541. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Gabi Rauscher)
If references are entirely missing, you can add them using this form.