A sustainable MDB strategy: The crucial importance of financial sector development

Nick K. Kolev and Jonathan Stilwell ()
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Jonathan Stilwell: FirstRand Bank

Development Finance Agenda, 2023, vol. 8, issue 5, 12-13

Abstract: It is often argued that MDBs should increase their utilisation of first-loss and guarantee products to de-risk development projects. However, a conceptual analysis of de-risking options available to MDBs suggest that concentrating on structural, rather than on project, risks may be a more sustainable long-term strategy. As such, we recommend that MDBs devote scarce financial and intellectual resources to Financial Sector Development (FSD) as well as to specific projects.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:afj:journ4:v:8:y:2023:i:5:p:12-13

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