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

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Available from: 
May 2019
Paper author(s): 
Raquel Artecona
Marcelo Bisogno
Pablo Fleiss
Topic: 
Financial Economics
Macroeconomics - Economic growth - Monetary Policy
Year: 
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.

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