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Multilateral Development Banks: How They Work and Where They Are Headed

Author

Listed:
  • Evgeny Vinokurov

    (Eurasian Development Bank)

  • Alexey Kuznetsov

    (Eurasian Development Bank)

  • Anton Malakhov

    (Eurasian Development Bank)

  • A. Usanov
  • Madi Aldanazarov

    (Eurasian Development Bank)

Abstract

Amid the transformation of the global economy, multilateral development banks (MDBs) are becoming a key pillar of national development. Their role extends far beyond traditional lending, forming the foundation for long-term growth. This report provides a comprehensive analysis of MDBs — from their history and mandates to the geography of their operations, equity capital structure, and credit ratings. Particular attention is paid to MDB performance indicators, including total assets and capital, investment activity, and financing in local currencies. The report also examines the prospects for the development of the MDB system and answers key questions: Which sectors will become priorities for MDB investment? How many multilateral development banks will there be in 10 years? What mechanisms will allow MDBs to expand their lending volumes?

Suggested Citation

  • Evgeny Vinokurov & Alexey Kuznetsov & Anton Malakhov & A. Usanov & Madi Aldanazarov, 2026. "Multilateral Development Banks: How They Work and Where They Are Headed," Working Papers 023338, Eurasian Development Bank.
  • Handle: RePEc:ris:eabrwp:023338
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    File URL: https://eabr.org/en/analytics/all-publications/mdb-system/
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    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • P33 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - International Trade, Finance, Investment, Relations, and Aid
    • P45 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - International Linkages

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