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

Author

Listed:
  • Vikram Nehru

    (Asian Development Bank Institute)

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.

Suggested Citation

  • Vikram Nehru, 2012. "The World Bank and the Asian Development Bank: Should Asia Have Both?," ADBI Working Papers 385, Asian Development Bank Institute.
    • Handle: RePEc:ris:adbiwp:0385
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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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    References listed on IDEAS

    as
    1. 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.
    2. 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.
    3. Wolfgang Fengler & Homi Kharas, 2011. "Delivering Aid Differently : Lessons from the Field," World Bank Publications - Reports 10108, The World Bank Group.
    4. Knack, Stephen & Rogers, F. Halsey & Eubank, Nicholas, 2011. "Aid Quality and Donor Rankings," World Development, Elsevier, vol. 39(11), pages 1907-1917.
    5. Fengler, Wolfgang & Kharas, Homi, 2011. "Delivering Aid Differently: Lessons from the Field," World Bank - Economic Premise, The World Bank, issue 49, pages 1-8, January.
    6. Ashwin Kaja & Eric Werker, 2010. "Corporate Governance at the World Bank and the Dilemma of Global Governance," The World Bank Economic Review, World Bank, vol. 24(2), pages 171-198, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    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 | Bangladesh’s unspent aid | Cheaper drugs for Asia | Vietnam to join space race? | More
      by Ashlee Betteridge in Development Policy Blog on 2012-10-19 00:00:47

    Citations

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    Cited by:

    1. Mundy, Karen & Verger, Antoni, 2015. "The World Bank and the global governance of education in a changing world order," International Journal of Educational Development, Elsevier, vol. 40(C), pages 9-18.
    2. Bao, Fangyue, 2026. "Shifting engagement: Education lending by the World Bank and ADB in China (1980s–2020s)," International Journal of Educational Development, Elsevier, vol. 121(C).
    3. V. Antropov V. & В. Антропов В., 2019. "Многосторонние банки развития в мировой экономике: особенности деятельности и перспективы сотрудничества с Россией // Multilateral Development Banks in the World Economy: Business Specifics and Prospects for Cooperation with Russia," Экономика. Налоги. Право // Economics, taxes & law, ФГОБУ "Финансовый университет при Правительстве Российской Федерации" // Financial University under The Government of Russian Federation, vol. 12(1), pages 98-109.

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    More about this item

    Keywords

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    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations

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