Comparative Analysis of the International Development Banks’ Activities During COVID-19 and Beyond

Abstract

AbstractThe aim of the study is to carry out comparative analysis of the international development banks’ activities in the current situation and to develop forecasts regarding the directions of their further performance, as well as some recommendations. The paper considers and summarizes the approaches of a number of international development banks to participation in anti-crisis measures, connected with COVID-19. The stages in the provision of financial resources for the fight against the coronavirus crisis are highlighted. So, first of all, these financial institutions carried out measures such as rapid response and support programs in the fight against COVID-19 pandemic. Going forward, based on the initial anti-crisis measures, new assistance programs are needed to ensure economic growth and sustainable development. To expand their activities, international development banks have increased the issue of their bonds. Activities of the Eurasian Development Bank (EDB) in the fight against coronavirus, as well as difficulties and problems, including the need for additional capitalization are studied. The practical significance of the study is expressed in the possibility of using the experience of some international development banks such as the Inter-American Development Bank, the Asian Development Bank and others in the context of a pandemic to improve the activities of the EDB. The analysis also provides some information about debt instruments on the international capital markets under the conditions of COVID-19 pandemic.KeywordsInternational development banksWorld bankPandemicCrisisDebtBondsSocial responsible investmentsSustainable development