Leveraging Financial Markets for Development: How KfW Revolutionized Development Finance 1st ed. Edition Peter Volberding

Leveraging Financial Markets for Development: How KfW Revolutionized Development Finance 1st ed. Edition Peter Volberding – Ebook Instant Download/Delivery ISBN(s): 9783030550073,9783030550080,3030550079,3030550087

Product details:
• ISBN 10: 3030550087
• ISBN 13: 9783030550080
• Author: Peter Volberding

This book investigates how development institutions created and promoted marketized development financial instruments to increase the speed and scope of assistance by leveraging private financial markets for development objectives. To attract private investors, donor governments agreed to bear the risk in these new instruments in order to mobilize investment during times of political crisis. In particular, this book contends that Germany’s KfW played an outsized role in the development of these new financial instruments, particularly in microfinance banks and structured funds, as KfW’s unique institutional attributes and strong political support from the German government at critical junctures fostered financial innovation. Using over 70 interviews and a cache of newly released archival materials, this books documents how KfW and other development institutions created and promoted these marketized development financial instruments, and how they have become a pillar of modern development policy.

Table contents:

1. The Marketization of Development Finance

2. 1950–1970: The World Bank, DFCs, and the Foundations of Private Investment Mobilization

3. 1970 to 1990: Development Finance in Crisis and the Search for a New Paradigm

4. KfW and the Early Stages of Marketized Development Financial Instruments

5. The Maturation of Marketized Development Financial Instruments: Microfinance and Structured Funds

6. The Scaling Up of Marketized Development Financial Instruments from 2005 to the Present

7. Toward the Future for Marketized Development Financial Instrum

People also search:

how banks contribute to economic growth

father of development economics

how banks help in economic development

kfw development bank

kfw history