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Financing development in Latin America and the Caribbean: The role and perspectives of multilateral development banks

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Author: Artecona, Raquel - Bisogno, Marcelo - Fleiss, Pablo UN symbol.: LC/WAS/TS.2019/1 44 p. Editorial: ECLAC May 2019


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.

Table of contents

Abstract .-- Introduction .-- I. Multilateral development banks: origins and financial model .-- II. The evolution of mandates of the multilateral development banks .-- III. Major multilateral development banks financing Latin America and the Caribbean .-- IV. Multilateral development banks flows to the Region: a historical perspective .-- V. Looking forward .-- VI. Conclusions.

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