Bankers to the poor. (regional development banks) (Editorial)

Economist (US), The, April, 1992

Regional development banks are the best vehicle for providing loans to developing countries. Based near their clients, they are better equipped to assess their financial potential. They also are largely free from influence by the World Bank and it's biggest shareholder, the US.

Regional development banks are doing a useful job, but need to do it

better

IF YOU were the finance minister of a poor country, you could easily spend half your time closeted with foreigners offering aid to your stricken economy. You would be grateful for the cash, but bewildered by the well-meaning throng outside your door. In the crowd might be one of the two agencies holding their annual meetings this month. The Inter-American Development Bank (IDB) met in...

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