Publication

This paper promotes the idea that African, Asian and Latin American development banks should play a more important role. Although they have become heavyweights in regional development financing, according to the author they were not successful in exploiting regional specialization advantages. The paper describes the role of the regional banks in the multilateral development bank system and suggests solutions in order to solve the overriding problem of the parallel structures of the World Bank and regional banks. Finally, the paper presents options for German government development cooperation.