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The Multilateral Development Banks: Volume 3, The Caribbean Development Bank

Chandra Hardy
ISBN: 978-1-55587-469-8
ISBN: 978-1-55587-495-7
1995/133 pages/LC: 94-45003


The multilateral banks are powerful forces in the international community, providing loans of more than $250 billion to developing countries over the last half-century. The best-known of these, the World Bank, has been studied extensively, but the "regional development banks" are little understood, even within their own geographic regions.

This book looks specifically at the policies and projects of the Caribbean Development Bank, which, like the other multilateral banks, is being scrutinized increasingly by grassroots organizations, environmental groups, and others.

Drawing on case studies, Hardy responds to some basic questions: Has the Caribbean Development Bank in fact been an effective agent of development? Has it been a mere clone of the World Bank, susceptible to that agency's weaknesses, as well as its strengths? She also assesses the bank's ability to take on the emerging challenges on the development agenda, including such issues as governance, and the need for gender-sensitive development strategies.


Chandra Hardy is an associate of the International Development Training Institute in Washington, D.C. She worked from 1967 to 1988 in various posts at the World Bank in Washington, D.C., most recently as senior economist in the Asian region.


  • Introduction.
  • A Brief History of the Bank.
  • Borrowing Country Experience.
  • Lending Operations.
  • Country Studies.
  • Resource Mobilization.
  • Development Agency Functions.
  • Relations with other MDBs.
  • Looming Development Challenges for the Bank.
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