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Cooperation of Multilateral Development Banks in Emerging Markets and Developing Countries: Untapped Opportunities

Author

Listed:
  • Evgeny Vinokurov

    (Eurasian Development Bank)

  • Alexey Kuznetsov

    (Eurasian Development Bank)

  • Anton Malakhov

    (Eurasian Development Bank)

  • Alexander Zaboev

    (Eurasian Development Bank)

  • Arman Ahunbaev

    (Eurasian Development Bank)

  • A.-M. Chkoniya

    (Eurasian Development Bank)

  • Aigul Berdigulova

    (Eurasian Development Bank)

  • Evgenya Klochkova

    (Eurasian Development Bank)

  • Madi Aldanazarov

    (Eurasian Development Bank)

  • A. Usanov

Abstract

Multilateral development banks (MDBs) play a crucial role in boosting regional connectivity and infrastructure growth. Developing countries are facing an ever-increasing need for infrastructure. Strengthening links between MDBs, both vertically and horizontally, is a powerful solution. The report explores seven areas in which these institutions could collaborate: 1) mobilizing capital, 2) capital markets, 3) local currencies, 4) project expertise, 5) pooling knowledge, 6) technical assistance, 7) cross-border projects. Such partnerships could amplify their impact, making investments more efficient and scalable. The greatest effectiveness of cooperation between MDBs is seen in these sectors: a) the water, energy, and food nexus, b) sustainable transport connectivity, c) sustainable and climate finance, and d) cross-border infrastructure. Cooperation between MDBs could accelerate progress towards global and national development goals.

Suggested Citation

  • Evgeny Vinokurov & Alexey Kuznetsov & Anton Malakhov & Alexander Zaboev & Arman Ahunbaev & A.-M. Chkoniya & Aigul Berdigulova & Evgenya Klochkova & Madi Aldanazarov & A. Usanov, 2026. "Cooperation of Multilateral Development Banks in Emerging Markets and Developing Countries: Untapped Opportunities," Working Papers 023347, Eurasian Development Bank.
    • Handle: RePEc:ris:eabrwp:023347
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    More about this item

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • P33 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - International Trade, Finance, Investment, Relations, and Aid
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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