andonie

According to several authors, among them Vives, X. (2019), argues that ＂technology could be related to the efficiency, innovation and profitability of an organization＂. In our opinion, this argument seemed to fit well with a particular type of organizations that mobilize financial resources in international financial markets, such as Multilateral Development Banks (MDBs), which are defined by Sagasti, F. (2002) as: ＂Multilateral Development Banks are international financial intermediaries, whose shareholders include ＂borrowers＂ (developing countries) and ＂contributors＂ or ＂donors＂ (developed countries)＂. Their capital structure allows them to efficiently mobilize resources from financial markets and then lend them to developing countries under favorable conditions than those offered by these markets. Therefore, we wanted to find out if this relationship was present in the main MDBs operating in Honduras (2014-2018), given that it is a country that depends on multilateral external financing to meet its social and economic needs.