In recent years governments have debated and established ambitious public policy initiatives such as the 2030 Agenda for Sustainable Development and its broad range of Sustainable Development Goals (SDGs) including reducing poverty worldwide and promoting sustainable economic growth and the Paris climate agreement of 2015. Funding these initiatives would require the deployment of massive amounts of external financing, much of which would need to come from governments in the form of “official development assistance,” which has been defined as government aid that promotes and specifically targets the economic development and welfare of developing countries. Multilateral development banks (MDBs), which are created by ...
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