The private turn in development finance

Elisa Van Waeyenberge
Additional contact information
Elisa Van Waeyenberge: SOAS University of London

Working papers from Financialisation, Economy, Society & Sustainable Development (FESSUD) Project

Abstract: The last few decades have seen dramatic changes in development finance. These have been accompanied by a redefinition of the purpose of development cooperation. A strong belief in the potential of private flows to finance development has come to prevail and public or official flows have become increasingly deployed in support of private flows as the newly projected main source of development finance. This has specific implications regarding aid instruments, in particular through ‘blending’ and the attempt to rely increasingly on publicprivate partnerships. As aid and development cooperation become deployed increasingly to mobilize private finance, the core role of public finance for public goods is downplayed. This trend has accelerated as a result of the GFC with its specific implications for fiscal space to support ODA in developed economies. This Working Paper 140 is part of Deliverable D606 on the Financial Implications of the New Relationship between the EU and the Developing World.

Keywords: Official Development Assistance; development cooperation; blending; public private partnerships; Development Finance Institutions (search for similar items in EconPapers)
Pages: 62 pages
Date: 2016-04-01
New Economics Papers: this item is included in nep-ger
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://fessud.eu/wp-content/uploads/2015/03/The-pr ... orking-Paper-140.pdf Full text

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fes:wpaper:wpaper140

Access Statistics for this paper

More papers in Working papers from Financialisation, Economy, Society & Sustainable Development (FESSUD) Project FESSUD Co-ordinator (Malcolm Sawyer) Leeds University Business School Maurice Keyworth Buidling Leeds LS2 9JT.
Bibliographic data for series maintained by Helen Evans ( this e-mail address is bad, please contact ).