The Dilemma of the African Development Bank: Does Governance Matter for the Long-Run Financing of the MDBs? - Working Paper 498
Does governance matter for the long-run financing and effectiveness the multilateral development banks? Does their system of weighted voting matter for their long-run access to financing and their effectiveness as development institutions? Does the voting structure involve some tradeoff between the confidence of creditor countries in the different MDBs, and the sense of ownership, legitimacy, and trust of borrowers?