"At a time when few institutions were lending during the global financial crisis, the MDBs provided $222 billion in financing, which was critical to global stabilization efforts," according to the U.S. Department of the Treasury. The concept of inclusive growth was first created and advocated by Asian, Application of Panel Data Models for Empirical Economic Analysis, Time series on economic growth rates are available from international comparison projects such as the Summers-Heston Penn world tables, Asian. To help fulfil development needs and ambitious global objectives such as the UN Sustainable Development Goals and the Banks High5 operational priorities, more and better development finance than ever is required.
While commercial banks seek to make profits on loans and other financial services, the goal of MDBs is to issue grants and low-cost loans to improve the economic conditions of impoverished or developing nations. MDBs now operate throughout the world and control trillions of dollars in assets. It includes sections on each of the banks as well as on how MDBs have approached the key sectors of infrastructure, human development, and climate. In October 2013 Chinese President Xi Jinpingproposed the Asian Infrastructure Investment Bank (AIIB) as an alternative to these American-dominated institutions. the constant and underlying questions raised by donor countries to MDBs were both unusual and straightforward: What are we buying exactly?
Drawing on writings of Easterly (2009) the ideology present within the MDBs such as WB and ADB as these relate to conditionality there is a dominance of the neoliberal free-market dogma.