ABSTRACT
This chapter examines institutional change in the Regional Development Banks (RDBs) to identify to what extent RDBs have accommodated rising powers. It focuses on the African Development Bank (AfDB), Asian Development Bank (ADB), and the Inter-American Development Bank (IADB). The chapter examines changes to voting shares during each bank's most recent capital increase. However, voting shares do not reflect other avenues of influence, such as the various forms of informal influence members may have over RDB policies. The chapter reviews the four parameters of institutional change in each of the three RDBs. It consideres adjustments made by the World Bank. People primary conclusion is that there has been very little change in the allocation of formal influence in the RDBs over the past decade. The World Bank, by contrast, has engaged in significant voice reforms that saw the bank create new seats on its executive board as well as shift relative voting shares.
