ABSTRACT

This conclusion presents some closing thoughts discussed in the preceding chapters of this book. The book discusses about the place, role, and significance of regional development banks (RDBs) in global economic governance. It shows that RDBs do reflect many of the dominant, mainstream ideas about development policies and practices, including: governance, gender and development. RDBs engage with the same policy issues as the World Bank but they do so at different times, speeds, and depth, which complicates any straightforward assumption of transferring ideas from the World Bank to the RDBs as a constellation of organizations. The RDBs are not just regional but also global institutions in at least two important ways: membership and development policy. The RDBs reflect the interests of their members as well as bureaucratic responses to ideas and 'policy norms' within the international political economy. More research is required on the role of smaller IOs in global economic governance