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The South Bank: An economic assessment

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  • Fahy, John C.

Abstract

As a result of dissatisfaction with existing multilateral institutions, the idea of establishing a developing countries' multilateral banking facility-the South Bank-was launched at the Fifth Summit Conference of the Non-Aligned Movement held in Colombo in 1976. Ever since then, the debate over whether such a facility is really needed and economically feasible has never come to a conclusion. This article reviews the proposed main structure of the South Bank and critically examines its efficacy as a financial intermediary.

Suggested Citation

  • Fahy, John C., 1985. "The South Bank: An economic assessment," Intereconomics – Review of European Economic Policy (1966 - 1988), ZBW - Leibniz Information Centre for Economics, vol. 20(1), pages 36-42.
    • Handle: RePEc:zbw:inteco:139956
    DOI: 10.1007/BF02928451
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    Keywords

    Development Financing;

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