Financing Development in Latin America and the Caribbean: The Role and Perspectives of Multilateral Development Banks

Year: 2019

Content-Type: Report

Description: 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.

Pages: 44 pages

Author: Raquel Artecona Marcelo Bisogno and Pablo Fleiss

Publisher: Economic Commission of Latin America and the Caribbean (ECLAC)

Categories: DFI’s Transformation, Finance, MDBs, SDGs

Tags: Caribbean, Financing Development, Latin America, Multilateral Development Banks, Role & Perspectives, SDGs