Just published: Policy Norms, the Development Finance Regime Complex, and Holding the European Bank for Reconstruction and Development to Account

My new article published in Global Policy, is available to read and access.

Click here!

Abstract

Created to facilitate the transition of economies of Central and Eastern Europe towards democracy and the free market, the European Bank for Reconstruction and Development (EBRD) is a regional institution in the development finance regime complex. This article examines how the EBRD’s independent accountability mechanism (IAM) emerged and changed to demonstrate how policy norms filter through regime complexes. This is important because new ideas can change behavioural expectations and institutional practices across a complex. Tracing where the idea originated from and how it took hold is therefore central to understanding member state interests, the EBRD’s response considering its organisational preferences, and how the policy norm solidified through inter-institutional learning. This deepens our understanding of the development finance regime complex in two ways: first, it, shows how ideas can filter through to seemingly independent institutions via member states, bureaucrats, and stakeholders. This supports the argument that the development finance regime complex is coherent with increasingly consistent rules and obligations. Second, it reminds us not to reify states; while they demanded institutional change nonstate actors influence what constitutes appropriate behaviour for development financiers.

New Interview with Earth System Governance on 'Environmental Recourse at the Multilateral Development Banks'

Click here to read a recent interview I did with Jane Butler at Earth System Governance. We chatted about my new book, what happens across the life-cycle of grievance mechanism claims, and the goals of my work.

Thanks to Jane and Earth System Governance for the discussion! You can learn more about the book here.

SSEAC Stories Podcast: Addressing Environmental and Social Harm through Global Governance

As instruments of global governance, Multilateral Development Banks were created to lend developing states capital for economic growth and development that they could not access from private capital markets. Despite their positive aims, these international organisations have often come under fire and received harsh criticism for their lending practices on economic, political, environmental, and human rights grounds. In particular, the Banks have been the focus of attention for being unaccountable for their actions.

Professor Susan Park chats with Dr Natali Pearson about global governance and Multilateral Development Banks, with a specific focus on accountability mechanisms in the Asian Development Bank.

SSEAC Stories is a podcast series produced by the Sydney Southeast Asia Centre at the University of Sydney. Experts join us in every episode to explore the latest research and share their insights on a wide range of topics pertaining to Southeast Asia.

Listen below!

As instruments of global governance, Multilateral Development Banks were created to lend developing states capital for economic growth and development that they could not access from private capital markets. Despite their positive aims, these international organisations have often come under fire and received harsh criticism for their lending practices on economic, political, environmental, and human rights grounds. In particular, the Banks have been the focus of attention for being unaccountable for their actions. Professor Susan Park chats with Dr Natali Pearson about global governance and Multilateral Development Banks, with a specific focus on accountability mechanisms in the Asian Development Bank. About Professor Susan Park: Susan Park is Professor of Global Governance at the University of Sydney. She focuses on how state and non-state actors use formal and informal influence to make the Multilateral Development Banks (MDBs) greener and more accountable. Susan has published in numerous journals, most recently in the Review of International Political Economy. Her forthcoming book is 'Addressing Environmental and Social Harm through the Independent Accountability Mechanisms of the Multilateral Development Banks' (Cambridge University Press, 2020). In 2018, Susan published 'International Organisations and Global Problems: Theories and Explanations (Cambridge University Press, 2018). In 2010, she published 'The World Bank Group and Environmentalists: Changing International Organisation Identities' (Manchester University Press). Susan has co-edited special editions and books including 'Global Environmental Governance and the Accountability Trap' (MIT Press, 2019, with Teresa Kramarz) and 'Owning Development'(Cambridge, 2010, with Antje Vetterlein). Susan is an Associate Editor of the journal Global Environmental Politics and is Co-Convenor with Dr Teresa Kramarz (University of Toronto) of the Earth Systems Governance (ESG) Task Force ‘Accountability in Global Environmental Governance.’ Susan was the Chair of the Environmental Studies Section of the ISA from 2015 to 2017. You can follow Susan on Twitter @spark_syd.

Multilateral Development Banks, Accountablilty, Research - Dr Susan Park, Sydney University

Dr Susan Park discusses her research into Multilateral Development Banks

In this interview, Dr Park discusses her latest research into Multilateral Development Banks and accountability structures of the the MDBs.

Our new book will be out Feburary 2019

Global Environmental Governance and the Accountability Trap

Edited by Susan Park and Teresa Kramarz

An examination of whether accountability mechanisms in global environmental governance that focus on monitoring and enforcement necessarily lead to better governance and better environmental outcomes.

Find out more here.