CHAPTER 13
The Multilateral Development Banks as a Laboratory?
The multilateral system is a special environment. It offers one of the best laboratories within which to develop and test new ideas. Its different sources and uses of capital and return requirements (ranging from grants or loans at zero percent financial return at market levels), together with the ability and mechanisms to accept input from the whole spectrum of stakeholders (donors to users to investors to civil society organizations), place the system in a unique position.
The experiments I piloted at the World Bank in recent years have only strengthened my conviction that financial innovation can be used for good. Multilateral development banks (MDBs) are institutional proof that ...
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