Columbia International Affairs Online: Working Papers

CIAO DATE: 04/2015

Sustainable Northern Development: The Case For An Arctic Development Bank

Alan Gill, David Sevigny

January 2015

Centre for International Governance Innovation

Abstract

Since the end of World War II, multilateral development banks (MDBs) have played a significant role in procuring funding for a wide range of social and infrastructure needs across the globe. This paper reviews the evolution of the MDB model, and how an Arctic Development Bank could advance environmentally sustainable development in the Arctic region.