International Development Finance Research

Poverty eradication in developing countries and sustainable,inclusive development remain as two major tasks of global economy since 1990 s.Shock from global financial crisis in 2008 lowered the loan size from commercial banks,and people refocused on the role of development finance.Lack of capital,technology,and management experience,less developed countries are hardly likely to eliminate poverty and have to rely on international assistance.Multilateral Development Banks,meanwhile,as part of international development finance system,play a significant role in providing international public goods and reducing poverty in developing countries.The World Bank(WB)and the Asian Development Bank(ADB)are very representative MDBs,while newly established MDBs advocated by developing countries such as the Asian Infrastructure Investment Bank(AIIB)can learn a lot from them.This article study on international development finance from the perspective of the WB and the ADB.Firstly,the article summarized major theories of development economics and international public goods,listed the practice of MDBs over the past 70 years correspondently,and analyzed the supply and demand of international development finance.Next,the dissertation introduced the business mode,main products and services provided by the WB and the ADB,and their financial innovation,as well as the corporation governance was explained.Then,analyzed wereoperation performances and assistance achievements,among which a specific case financed by the WB are evaluated in this part.Last,the author proposedthe experience and the lessons which can be learnt by the AIIB.