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Economic Development Practice(A)
The objective and topics of this course are to develop fundamental knowledge of development practice, while also learning about key issues in contemporary development and how international organizations can be utilized.
The lecturer will draw on his professional experience at the World Bank, the Asian Development Bank, the African Development Bank, and Japan’s Ministry of Finance to support students’ understanding of development operations in practice. By the end of the course, students are expected to have a clearer vision of how MDBs operate, how they collaborate with governments and the private sector, and how development professionals can leverage these institutions to address the world’s most pressing challenges.
In today’s world, economic development is shaped by increasingly complex global challenges — climate change, macroeconomic volatility, food and health insecurity, demographic shifts, and technological disruption. Addressing these issues requires coordinated action across governments, the private sector, and international development institutions.
Within this evolving landscape, the role of Multilateral Development Banks (MDBs)—such as the World Bank Group, the Asian Development Bank, and the African Development Bank—has expanded and diversified. MDBs are no longer only lenders; they now serve as knowledge institutions, policy partners, crisis responders, and catalysts for private investment. Their operations sit at the center of contemporary development practice. However, despite their critical role, MDBs remain relatively unfamiliar to the public compared with UN agencies or bilateral development institutions such as JICA.
This course is intended to equip students with:
- Foundational knowledge of MDBs: their mandates, instruments, governance, and operational models, history and emerging field, difference with UN institutions.
- Up to date understanding of latest development challenges and operations around the world
- Practical insights into how MDB tools can be used effectively and innovatively to support sustainable and inclusive development around the world
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