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- W3090201818 abstract "This chapter explores the challenges to early development finance strategies that relied on project loans and development finance corporations (DFCs). Using recently declassified archival documents, the chapter analyzes how a lack of standardized implementation and assessment procedures hampered project loans. DFCs were beset by problems of political interference, improper incentives, and financial dependency. While development institutions, led by the World Bank, sought to improve results by aligning development policy with the discipline of financial markets, reforms were limited. A mix of strict World Bank regulations, internal disagreement, and a lack of political will from stakeholders circumscribed efforts to leverage private markets for development. Instead, the stage was set for another development institution to experiment with marketized development financial instruments." @default.
- W3090201818 created "2020-10-08" @default.
- W3090201818 creator A5044107637 @default.
- W3090201818 date "2020-09-29" @default.
- W3090201818 modified "2023-09-23" @default.
- W3090201818 title "1970 to 1990: Development Finance in Crisis and the Search for a New Paradigm" @default.
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- W3090201818 doi "https://doi.org/10.1007/978-3-030-55008-0_3" @default.
- W3090201818 hasPublicationYear "2020" @default.
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