As established in the Addis Ababa Action Agenda (2015), Multilateral Development Banks (MDBs) are expected to provide lending in the event of financial or economic shocks. Economists call this countercyclical lending. However, a recent study shows that while the MDB system as a whole acts countercyclically, in other words, lends less to a country during its booms and more … [Read more...] about The Challenge of Countercyclicality for Multilateral Development Banks