Development Finance in the BRIC Countries

Abalkina, Anna and Libman, Alexander and Yu, Xiofan (2013): Development Finance in the BRIC Countries. Published in: No. Shanghai: Shanghai People's Publishing House, 2013.

Abstract

In recent years, BRIC countries have demonstrated high rates of economic growth, rapid increases in GDP per capita and growing capital accumulation, and have been playing an increasingly important role in the global economy. However, as middle-income countries (low-income in the case of India), BRICs still rely on development finance. Multilateral development banks (MDBs) have become an important source of external long-term capital available to BRICs. The objective of this paper is to examine the role of multilateral development banks in BRICs and to take a look at the banks’ operations as well as problems related to MDBs’ performance in BRIC countries.

• Item Type: MPRA Paper
• Language: English
• Keywords: Development finance, multilateral development banks, BRIC
• Subjects: F - International Economics > F3 - International Finance > F34 - International Lending and Debt Problems; F - International Economics > F3 - International Finance > F35 - Foreign Aid; G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages

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