ABSTRACT

Multilateral Development Banks: General Capital Increases [January 27, 2012]   [open pdf - 303KB]

From the Summary: "For the first time in the history of the institutions, each of the major Multilateral Development Banks (MDBs) are simultaneously seeking increases in their capital bases to fund the continued expansion of their development lending programs. The requests come after several years of increased lending by the banks. If the increases are fully funded, the resources of the World Bank, African Development Bank (AfDB), European Bank for Reconstruction and Development (EBRD), Asian Development Bank (AsDB), and Inter-American Development Bank (IDB) would increase by between 31% and 200%. Collectively, the requested capital increases are worth around $348 billion. U.S. authorization to participate in the GCIs [General Capital Increases] was provided in the FY2011 and FY2012 budget measures. Key issues regarding U.S. participation in the GCIs include: [1] 'Comparative effectiveness of bilateral and multilateral aid.' [...] [2] 'Scope of MDB activity.' [...] [3] 'Role of emerging economic powers.' [...] [4] 'U.S. bidding for MDB-funded projects.' Firms located in large emerging economies are winning a larger share of MDB procurement projects. [...] [5] 'Anti-corruption policies.'"

Report Number:
CRS Report for Congress, R41672
Author:
Publisher:
Date:
2012-01-27
Series:
Copyright:
Public Domain
Retrieved From:
Via E-mail
Format:
pdf
Media Type:
application/pdf
URL:
Help with citations