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Why is there multilateral lending?

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Why is there Multilateral Lending?

Rodrik, Dani - 1995

Why should multilateral lending exist in a world where private capital markets are well developed and governments have their own bilateral aid programs? If lending by the World Bank, IMF, and regional development banks has an independent rationale, it must rest on advantages generated by the...

Persistent link: https://www.econbiz.de/10012473722