Global survey of development banks

Jose de Luna-Martinez and Carlos Leonardo Vicente

No 5969, Policy Research Working Paper Series from The World Bank

Abstract: Historically, development banks have been an important instrument of governments to promote economic growth by providing credit and a wide range of advisory and capacity building programs to households, small and medium enterprises, and even large private corporations, whose financial needs are not sufficiently served by private commercial banks or local capital markets. During the current financial crisis, most development banks in Latin America, followed by Asia, Africa, and Europe, have assumed a countercyclical role by scaling up their lending operations exactly when private banks experienced temporary difficulties in granting credit to the private sector. Despite the importance of development banks during crisis and non-crisis periods, little is known about them. This survey examines how development banks operate, what their policy mandates are, what financial services they offer, which type of clients they target, how they are regulated and supervised, what business models they have adopted, what governance framework they have, and what challenges they face. It also examines the countercyclical role played by development banks during the recent financial crisis. This survey is based on new data that have been collected from 90 national development banks in 61 countries.

Keywords: Banks&Banking Reform; Access to Finance; Debt Markets; Bankruptcy and Resolution of Financial Distress; Emerging Markets (search for similar items in EconPapers)
Date: 2012-02-01
New Economics Papers: this item is included in nep-ban, nep-cwa, nep-dev and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (29)

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