Entry Date:
June 10, 2015

Project on Multilateral Financial Institutions and Development Banks

Principal Investigator Deborah Lucas

Co-investigators Andrew Lo , Robert Merton


Multilateral financial institutions such as members of the World Bank Group are government-run banks that supply trillions of dollars of capital for investments mostly in the developing world. Some countries, such as Brazil, fund a large fraction of domestic investments via their development banks. The goals of the project are to develop models to quantify the associated costs and risks, and to compare those findings to information currently used by governments to evaluate these highly opaque entities. Expected Output: A set of academic papers corresponding policy briefs that distill the findings for a policy audience. There will also be outreach to the OECD, the IMF, the World Bank, and other interested government entities.