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Multilateral Development Banks: Financial Condition of the African Development Bank

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Report Type Reports and Testimonies
Report Date April 21, 1995
Report No. NSIAD-95-143BR
Subject
Summary:

Multilateral development banks play an important role in development assistance strategies, loaning money at concessional rates to their lower income borrowing members and extending near market-rate loans to finance projects of other member developing countries. Recently, however, the effectiveness of the aid channeled through the banks and the efficiency of their operations has come into question. In particular, the financial condition and policies of the African Development Bank--which is financially solvent but vulnerable--have been a growing source of concern. This briefing report provides information on (1) the financial condition of the African Development Bank and (2) issues relevant to that condition.

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