ABSTRACT

Multilateral Development Banks: General Capital Increases [October 28, 2011]   [open pdf - 304KB]

"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. President Obama has included authorizations and appropriations for U.S. participation in the capital increases at the MDBs in his FY2011 and FY2012 requests. U.S. participation in any funding request for the MDBs requires authorization and appropriations from Congress. In addition to the MDBs' role in furthering broad U.S. foreign policy interests, the 112th Congress may choose to consider whether increasing the size of the MDBs is necessary to meet developing country needs and whether sufficient progress has been made on MDB reform to justify fully funding the President's request. Members' views on the following policy issues may also affect their decision on whether to support or oppose increasing the size of the MDBs and the scale of their operations."

Report Number:
CRS Report for Congress, R41672
Author:
Publisher:
Date:
2011-10-28
Series:
Copyright:
Public Domain
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Via E-mail
Format:
pdf
Media Type:
application/pdf
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