Multilateral Development Bank Concessional Lending: Forward Into the Second Half of the Century

Reginald H. Green · John Toye

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International Development and Aid Global Financial Crisis and Policies Economic, financial, and policy analysis

Abstract

I 50 YEARS FORW ARD: 50 YEARS BACK Multilateral developm ent banking moves into its second half century in what, depending on the observer, can be viewed as a slow transition to a less central but still crucial economic role, an acute late middle age crisis o f self doubt and lack o f direction or a terminal lethargy broken only by spasmodic attempts to recreate vanished roles.Perhaps surprisingly, these three different perspectives do not follow normal ideological lines.Conservative, moderate and centre left perspectives include all three strands.

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