Multilateral Development Banks and Financial Institutions: Additional Power In Turbulence Economic Conditions

Abstract

In this scientific paper, the role of multilateral development banks (MDBs) and financial institutions (MFIs) in member countries’ economies is considered. The comparative analysis was carried out, videlicet the characteristics, and peculiarities of the functioning and investment opportunities were analyzed by the example of the largest MDBs and MFIs. The analysis contributed to suggesting the idea of the application of MDBs and institutions as an additional power for supporting member countries’ economies, counting on the development of not high demand economical spheres. Taking into account current turbulent situation in the world economy, way of mobilization of financial and economic cooperation between member countries was found out, and usefulness for foreign partners is estimated.

Keywords: De-globalization; Financial Support; Economic Development; Investment Attractiveness; Additional Power

Australian Academy of Accounting and Finance Review, vol 3, issue 2, April 2017, pp 65-71