Leveraging Financial Markets for Development : How KfW Revolutionized Development Finance

Peter Volberding

ISBN 10: 3030550079 / ISBN 13: 9783030550073

Published by Springer International Publishing, 2020

About this Item

Druck auf Anfrage Neuware - Printed after ordering - 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.

Seller Inventory # 9783030550073

Bibliographic Details

• Title: Leveraging Financial Markets for Development : How KfW Revolutionized Development Finance
• Publisher: Springer International Publishing
• Publication Date: 2020
• Language: English
• ISBN 10: 3030550079
• ISBN 13: 9783030550073
• Binding: Buch
• Condition: Neu
• Dimensions: 216W x 153H x 22D millimeters 216 millimeters width by 153 millimeters height by 22 millimeters depth
• Weight: 518 grams

About this title

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.

About the Author

Peter Volberding received his PhD from the Government Department at Harvard University, USA. His research focuses on the intersection between public institutions and private financial markets, and is co-author of a forthcoming edited volume on European development banking. He currently lives and works as a consultant in New York City.