Jump to ContentJump to Main Navigation
Behind the Development BanksWashington Politics, World Poverty, and the Wealth of Nations$
Users without a subscription are not able to see the full content.

Sarah Babb

Print publication date: 2009

Print ISBN-13: 9780226033648

Published to Chicago Scholarship Online: March 2013

DOI: 10.7208/chicago/9780226033679.001.0001

Show Summary Details
Page of

PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 18 October 2019

The Banks and Their Shareholders

The Banks and Their Shareholders

Chapter:
(p.20) Chapter One The Banks and Their Shareholders
Source:
Behind the Development Banks
Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226033679.003.0002

This chapter summarizes the multilateral development banks' histories, governance, and financing, before arguing that the banks can be usefully conceptualized as resource-dependent organizations that serve an ambiguous array of purposes for donor governments. The United States is able to exert strong leadership of the banks. As the banks' leading and most ambivalent donor, the United States has often been able to function as an activist shareholder. Moreover, the division between management and the Executive Board, and the division on the Executive Board between major shareholder and borrowing governments are elaborated. The MDBs' management of external resource dependence resembles that of private corporations in a number of respects. The United States is uniquely positioned among major donors to behave as an activist shareholder. U.S. support for the banks is more insecure, a fact that improves American leadership.

Keywords:   histories, governance, financing, United States, donor governments, activist shareholders, Executive Board, American leadership

Chicago Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.