1. The Multilateral Development Banks Andrew Rogerson Overseas Development Institute

2. Scope Facts about MDB operations Roles, especially of World Bank/IDA Policy trends and issues Choices/ future directions

3. A varied landscape Differentiated by: 25-plus institutions Size and leverage Region, sub-region Hard, soft terms Private, public focus Policy, projects Knowledge base United by: Capital market links Shareholder power Credit Culture Long Term Contracts Managerial Autonomy Untied Suppliers World Bank/IMF lead

4. World Bank and Regional Banks Net hard window lending now …zero WB flows negative, compensated by RDBs Soft windows have $6-7b +ve net flow Rising explicit grants (IDA) Falling grant element (IMF test) Rationing rules and performance allocations

5. Net official financing of developing countries 1990-2003

6. Some IDA specifics $23b mobilised 2003-2005 40% internally funded 21% direct grants, including AIDS, conflict Holds 25% of HIPC debt PRSP mandatory Allocations from $10 to $3 per capita 44% Africa (UN 37, EU 35)

7. Role of IDA/WB Largest multilateral in Africa, Asia Largest single donor in most countries (IDA) Present in most sectors and budget support Coordinator of aid (CGs) With IMF, administers debt relief… Assists or assesses (?) PRSP process Fund holder for aid community Enthusiastic harmoniser

8. Some Policy Issues Regionals too much in WB image End-Game for grant expansion? Proliferation of global programs PRSP: based on needs or resources? Reforming governance, voting shares.

9. Choices/Future Directions Relation with UN and UNDP unstable Decentralisation and regional banks Global Public Goods: who anchors? Conditionality-rhetoric or substance? Pivotal Role of US and next President A proven chameleon.. But imperial overstretch..

10. IBRD: regional composition of commitments from FY2000 to FY2004 Source: World Bank Annual Report 2004

11. IDA: outstanding development credits and associated charge income Source: World Bank Annual Report 2004

12. Africa: IBRD and IDA lending by sector (Fiscal, 2004) Source: World Bank Annual Report 2004