ABSTRACT
This chapter analyses the five regional development banks (RDBs). Beginning with the European Investment Bank in 1958 and concluding with the European Bank for Reconstruction and Development in 1991, this chapter evaluates the motivations behind establishing RDBs in Europe, Latin America (Inter-American Development Bank), Africa (African Development Bank), and Asia (Asian Development Bank) as well as their institutional mandates, development priorities, and presidents. In addition, this chapter addresses four key challenges facing the RDBs: establishing and retaining financial credibility in international capital markets, maintaining their regional character, ensuring their legitimacy, and balancing shareholder influence.
