The European Investment Bank: Lessons for Developing Countries
Stephany Griffith-Jones and
Judith Tyson
No wp-2013-019, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)
Abstract:
The paper considers the experience of the European Investment Bank and addresses policy lessons for developing countries as they seek finance for development. The paper argues that the key lesson for developing countries is that the traditional role of a development bank in closing market gaps in long-term, low-cost and stable infrastructure lending and in anticyclical financing remains relevant for developing countries but needs to be directed towards new goals.
Keywords: Banking; Economic development; Environment; Infrastructure (Economics); Investment banking (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:wp-2013-019
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