International neoliberal development regime and regional development banks (African Development Bank, Asian Development Bank and Inter-American Development Bank)

Hecan, Mehmet
This thesis aims to illuminate regional development banks’ (RDBs) role in global diffusion of neoliberal policies since the early 1980’s. In this regard, it argues that along with the Bretton Woods Institutions (BWIs), the RDBs have also facilitated the spread of neoliberal policies, as these banks have practiced similar conditional/policy-based lending. In order to better explain the complementary roles of BWIs and RDBs within an analytical framework, the thesis employs the international relations (IR) concept of International Regimes and defines the relevant regime as international neoliberal development regime which has generated its own principles, norms, rules, and decision-making procedures over time. Accordingly, whereas the World Bank and IMF have long represented the leadership of this regime, RDBs like the African Development Bank (AfDB), Asian Development Bank (ADB), and Inter-American Development Bank (IDB) have served as regional counterparts of this same regime. Furthermore, this thesis also examines the different roles and natures of each RDB in the international neoliberal development regime.