As development agencies, multilateral development banks (MDBs) have received the greatest attention for their lending policies, for their technical assistance a... » 

As development agencies, multilateral development banks (MDBs) have received the greatest attention for their lending policies, for their technical assistance and advisory functions and, more recently, for their policy reform and adjustment prescriptions.

Since the 1980s, they have become important instruments of economic and political governance over the developing world instead of being simply international financial intermediaries. However, very little is known publicly about their financial policies and operations.

This book attempts to render understandable to those who are not financial experts, the main financial policies and practices of the MDBs as well as the implications and consequences of those policies and practices. «