Sustainable northern development

The MDB model was created from one of the most daunting This paper reviews the evolution of the MDB model, crises of the past century — the reconstruction of Europe examines its applicability to current challenges in the and Asia following World War II. [...] The paper focuses on the use of the MDB model as a In response to this situation, the architects of the new vehicle to raise much needed capital for critical infrastructural postwar economic order came together at the Bretton investments and discusses the MDBs’ adaptability to a range Woods Conference in 1944 to create two new financial of developmental challenges. [...] In part, this was achieved by demonstrating to the private sector that the risks of The success of the MDB model led to a growing interest lending to certain countries, and for certain types of in the possibility of establishing similar institutions projects, were manageable, and these loans were therefore at the regional level. [...] For the first two decades, the AfDB EVOLVING PRIORITIES was an exclusively African institution.13 This reflected the desire of African governments to promote stronger Looking back on the postwar years, the World Bank and unity and cooperation among the countries of the region. [...] And second, the majority assumed a more active role in areas such as environmental of the EBRD’s lending is explicitly directed toward the sustainability and the promotion of good governance as private sector rather than supporting projects of member well as taking a leadership role in promoting global public governments.15 goods and advancing the Millennium Development Goals.20 The newest of the