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The World Bank and Inter-American Development Bank: Fit for 21st Century Purpose?

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  • Nancy Birdsall

Abstract

In this paper I discuss the ownership and financial structure and related governance arrangements, including leadership selection, of the World Bank and the Inter-American Development Bank. I argue that the IDB, for various reasons, is farther along in making the shift from a model based on rich member countries financing charitable transfers to poor countries, to a model closer that of a financing cooperative, along the lines that the founders of the World Bank envisioned at Bretton Woods. It is also better positioned to increase its engagement in the Latin America and Caribbean region in critical cross-border regional issues, where modest amounts of grant-based public financing in the form of subsidies and guarantees have the potential to leverage substantial private investment.

Suggested Citation

  • Nancy Birdsall, 2014. "The World Bank and Inter-American Development Bank: Fit for 21st Century Purpose?," Policy Papers 39, Center for Global Development.
    • Handle: RePEc:cgd:ppaper:39
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    File URL: https://www.cgdev.org/sites/default/files/worldbank-idb-fit-21st-century_0.pdf
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    References listed on IDEAS

    as
    1. Jere R. Behrman & John Hoddinott, 2005. "Programme Evaluation with Unobserved Heterogeneity and Selective Implementation: The Mexican PROGRESA Impact on Child Nutrition," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 67(4), pages 547-569, August.
    2. Nancy Birdsall & Ayah Mahgoub & William D. Savedoff, 2010. "Cash on Delivery: A New Approach to Foreign Aid," Working Papers id:3308, eSocialSciences.
    3. repec:idb:brikps:79842 is not listed on IDEAS
    4. Guillermo A. Calvo, 1998. "CAPITAL FLOWS AND CAPITAL-MARKET CRISES: The Simple Economics of Sudden Stops," Journal of Applied Economics, Taylor & Francis Journals, vol. 1(1), pages 35-54, November.
    5. Nancy Birdsall & Francis Fukuyama, 2011. "The Post-Washington Consensus: Development after the Crisis," Working Papers 244, Center for Global Development.
    6. Enrique Rueda-Sabater & Vijaya Ramachandran & Robin Kraft, 2009. "A Fresh Look at Global Governance: Exploring Objective Criteria for Representation," Working Papers 160, Center for Global Development.
    Full references (including those not matched with items on IDEAS)

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