Leveraging Financial Markets for Development: How KfW Revolutionized Development Finance

✍ Scribed by Peter Volberding

Publisher: Springer International Publishing;Palgrave Macmillan
Year: 2021
Tongue: English
Leaves: 304
Series: Executive Politics and Governance
Edition: 1st ed.
Category: Library

No coin nor oath required. For personal study only.

✦ Synopsis

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 of Contents

Front Matter ....Pages i-xxiii
The Marketization of Development Finance (Peter Volberding)....Pages 1-36
1950–1970: The World Bank, DFCs, and the Foundations of Private Investment Mobilization (Peter Volberding)....Pages 37-76
1970 to 1990: Development Finance in Crisis and the Search for a New Paradigm (Peter Volberding)....Pages 77-111
KfW and the Early Stages of Marketized Development Financial Instruments (Peter Volberding)....Pages 113-153
The Maturation of Marketized Development Financial Instruments: Microfinance and Structured Funds (Peter Volberding)....Pages 155-193
The Scaling Up of Marketized Development Financial Instruments from 2005 to the Present (Peter Volberding)....Pages 195-236
Toward the Future for Marketized Development Financial Instruments (Peter Volberding)....Pages 237-256
Back Matter ....Pages 257-285

✦ Subjects

Political Science and International Relations; Public Policy; International Relations; Financial Services

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