Multilateral regional financing institutions
CERNEA, M. | TEPPING, B.
The last decade has witnessed a considerable increase in the number of international financial institutions whose purpose is to assist the economic development of less developed countries on a multilateral basis. The need for a comparative study of regional development financing institutions thus became apparent. Hence this study was created in order to provide a summary description of the various regional institutions whose purpose is to assist in the financing of development. It describes the origin of the resources of the lending institutions, the terms and conditions under which financial assistance is provided by them, the broad categories of projects they finance and, since sources of funds and use of funds are often related, the rules affecting procurement. The study also covers such regional institutions as are now being organized or proposed.
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