The paper briefly describes the MDBs creation and financial model. Also, it analyzes the evolution of the mandates of MDBs across decades, as well as focuses on the description of the major MDBs in LAC. It further presents a perspective of MDBs’ outstanding, commitments and disbursements to the region in the past 25 years. Based on these recent trends, the role and outlook of MDBs in financing development in the region are discussed.
This paper analyses the role that Multilateral Development Banks (MDBs) have played in financing development in Latin America and the Caribbean (LAC) and what their role will be in support of the Sustainable Development Goals (SDGs). In a context where multilateralism is severely questioned, donor countries are moving their resources away from middle-income countries, and MDBs’ lending represents a decreasing share of total debt in the region, we show that there is room for MDBs to continue being relevant players.
The paper briefly describes the MDBs’ creation and financial model. Also, it analyses the evolution of mandates of MDBs across decades, as well as focuses on the description of the major MDBs in LAC. It further presents a perspective of MDBs’ outstanding, commitments and disbursements to the region in the past 25 years. Based on these recent trends, the role and outlook of MDBs in financing development in the region are discussed.
