Surges and Volatility of Private Capital Flows to Asian Developing Countries: Implications for Multilateral Development Banks

Date: December 1998
Type: Papers and Briefs
Series: EDRC Occasional Papers
Author: Rana, Pradumna B.


This paper outlines an expanded and more challenging role for multilateral development banks (MDBs) in the provision of longer term development finance. The traditional role has to be further refocused and expanded to cover mobilization of private sector resources, both external and internal.


  • Foreword
  • Introduction
  • Trends Until 1996
  • Sharp Reversal in 1997
  • Prospects for Private Capital Flows to the ADCs
  • Changed Global Context and Implications for the Development Finance Role of MDBs
  • Conclusions
  • References