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Multilateral Development Banks: U.S. Contributions FY1990-2002 1 (February 14, 2002)

handle is hein.tera/crser0035 and id is 1 raw text is: Order Code RS20792 Updated February 14, 2002 Multilateral Development Banks: U.S. Contributions FY1990-2002 Jonathan E. Sanford Specialist in International Political Economy Foreign Affairs, Defense, and Trade Division Summary This report shows in tabular form how much the executive branch requested and how much Congress appropriated during the past 13 years for U.S. payments to the multilateral development banks (MDBs). It also provides a brief description of the MDBs and the ways they finance their operations. It will be updated periodically. Three companion reports provide further information on the MDBs. See CRS Report RS20793, Multilateral Development Banks: Basic Background, CRS Report RS2079 1, Multilateral Development Banks: Procedures for U.S. Participation, and CRS Report RS20413, IMF and World Bank. U.S. Contributions andAgency Budgets.. For current funding information, see CRS Issue Brief 1B96008, Multilateral Development Banks: Issues for the 107I Congress. U.S. Participation in the MDBs The United States is a member of five MDBs: the World Bank, African Development Bank (AFDB), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), and Inter-American Development Bank (IDB). It also belongs to two similar organizations, the North American Development Bank (NADB) and the International Fund for Agricultural Development (IFAD). The latter two agencies are not discussed in this report. The MDBs and Their Programs The MDBs have similar programs, though they all differ somewhat in their institutional structure and emphasis. Each has a president and executive board that manages or supervises all their programs and operations. Except for the EBRD, which makes only market-based loans, all the MDBs make both market-based loans to middle- income developing countries and concessional loans to the poorest countries. Their loans are made to governments or to organizations having government repayment guarantees. In each MDB, the same staff prepares both the market-based and the concessional loans, Congressional Research Service o0o The Library of Congress CRS Report for Congress Received through the CRS Web

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