The Prospects and Problems of an IGAD Regional Development Bank

Journal of Development Policy and Practice (2016)

96 Pages Posted: 18 Jul 2016 Last revised: 31 Jan 2019

Date Written: June 25, 2016


A multilateral development finance institution for the Inter-Governmental Authority on Development (IGAD) region represents the chance to create a strong pro-developmental actor – and energize the IGAD itself. Yet, the IGAD senior officials will need to look beyond the traditional development banking model if they hope to make an impact of the scale needed to drag these poorest of countries out of their poverty. In this paper, we argue for the design of a development bank modelled after successful role models – like the China Development Bank – instead of proven failures. A mix of government and private sector participation, a widely disbursed capital base, and a temporary base in London, will help ensure the proposed IGAD Communities Development Bank acts as bridge and vector of pro-developmental capitalism in the IGAD region.

Keywords: IGAD, Inter-Governmental Authority on Development, Multilateral Development Banks, China Development Bank, mixed model development

JEL Classification: O19, F63, N17

Suggested Citation

Michael, Bryane, The Prospects and Problems of an IGAD Regional Development Bank (June 25, 2016). Journal of Development Policy and Practice (2016). Available at SSRN: or

Bryane Michael (Contact Author)

University of Oxford ( email )

South Parks Road
Oxford, Oxfordshire OX1 3QY
United Kingdom


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