Download or read book Maximizing Finance for Development written by World Bank Group and published by . This book was released on 2022 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The maximizing finance for development (MFD) approach can be implemented to close the financing gap in the water and sanitation sector in Latin America and the Caribbean, helping the region in getting closer to achieving sustainable development goal (SDG 6), particularly if emphasis is put on innovative financing, and linking SDG financing principles. In this overall context, impact bonds are some of the latest tools made available in the results-based financing (RBF) area. On the supply side, impact bonds can inject a more entrepreneurial approach into public service provision. By focusing on outcomes rather than activities, service providers are offered more latitude in the way they deliver services. Through a review of the most recent studies and research on the matter, this document explores the challenges faced by Latin America and the Caribbean in financing the development of its water and sanitation sector and its need for new instruments. It provides insights on impact bonds as one of the latest innovations in the field of RBF. Limitations of the evaluation include the fact that the instrument is rather young. Chapter one looks at the challenges faced by Latin America and the Caribbean in achieving SDG 6. Chapter two examines the financing gap and how new instruments, and innovative thinking can help tackle it. Chapter three explores a new paradigm, the emergence of impact bonds. Chapter four closes the loop by looking at how impact bonds can be a useful complement to closing the financing gap. The final chapter offers recommendations for the development of this relatively new instrument.
Download or read book Preparing to Maximize Finance for Development in Jordan Through a Policy Framework written by Aijaz Ahmad and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The Mashreq region and, in particular, the countries of Iraq, Jordan, and Lebanon are facing major policy and fiscal challenges to growth and job creation. The Maximizing Finance for Development (MFD) approach aims to optimize the relationship between the public and the private sector.It would achieve this in two major ways: (i) maximizing the volume of investment and commercial finance that can be crowded in by effective reforms coupled with targeted deployment of scarce domestic and international public funds; and (ii) efficiency gains with extensive involvementof the private sector to expand and improve public services while minimizing the burden on the national budget and tax resources. The World Bank Group seeks, for the first time, todevelop and implement the MFD agenda based on a standardized subregional framework. This note describes the prerequisites recently put in place in Jordan for effective MFD implementation through a combined public investment management (PIM) and public-private partnership (PPP)policy framework.
Download or read book Future of Food written by Robert Townsend and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Current levels of investment in agricultural value chains are insufficient to achieve key development goals including ending poverty and hunger, boosting shared prosperity through more and better jobs, and better stewarding the world's natural resources by 2030. Crowding-in private investment to help achieve these goals and optimizing the use of scarce public resources will be needed, as will the continued promotion of good governance and environmental and social sustainability. Increasing private sector investment and associated financing will require identifying and understanding market failures currently leading to the sub-optimal private provision of goods and services needed to achieve key development goals. Where the private sector is already investing in agricultural value chains, promoting responsible investment can help increase development impacts. Crowding-in more private investment requires increasing the space for private sector activity, improving the policy and regulatory environment, and considering options for using public financing to improve private incentives and to reduce transaction costs and risks, including blended finance solutions. While these actions can help induce more private investment, there is still a critical need for public resources to finance essential public goods and services such as human capital, agricultural research, and complementary public infrastructure.
Download or read book World Bank Group Approaches to Mobilize Private Capital for Development written by Weltbankgruppe and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: To achieve the Sustainable Development Goals (SDGs) by 2030, development institutions will need to leverage an unprecedented amount of private sector capital. This is more pressing in the current context as COVID-19 recoveries will require mobilizing both public and private sources in the short to medium term. Consequently, private capital mobilization (PCM) has become a World Bank Group priority, with efforts being deployed across all Bank Group institutions, under the context of the Maximizing Finance for Development (MFD) strategy. This evaluation offers IEG's first systematic assessment of the Bank Group's approaches to mobilize private capital to achieve development outcomes by engaging with investors and project sponsors. The evaluation finds Bank Group PCM approaches to have been relevant to both country and corporate clients, although partially meeting investor's priorities and expectations. The evaluation finds that PCM approaches are mostly effective in mobilizing private capital and points to the untapped PCM potential that still exists even in low-income and lower-middle income countries. The evaluation also highlights important gaps: IBRD PCM targets have not cascaded to Regional units and Global Practices (GPs), and IFC PCM approaches are not consistently aligned with investors' risk appetites. The evaluation identifies three near-term actions that can enhance the ability of the Bank Group to mobilize private capital and thus improve the probability of meeting corporate targets and improving outcomes: (i) To meet the 2030 PCM targets, prioritize client countries for PCM approaches, with corresponding targets cascading to the Regional units and GPs (IBRD); (ii) Expand PCM platforms, guarantees, and disaster risk management products commensurate with project pipeline development (World Bank Group); and (iii) Develop new PCM products and improve product alignment with the needs of new investor groups and partners (IFC and MIGA).
Download or read book From Summits to Solutions written by Raj M. Desai and published by Brookings Institution Press. This book was released on 2018-07-24 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: A positive agenda for achieving the Sustainable Development Goals by 2030 All 193 member nations of the United Nations agreed in September 2015 to adopt a set of seventeen "Sustainable Development Goals," to be achieved by 2030. Each of the goals—in such areas as education and health care —is laudable in and of itself, and governments and organizations are working hard on them. But so far there is no overall, positive agenda of what new things need to be done to ensure the goals are achieved across all nations. In a search of fresh approaches to the longstanding problems targeted by the Sustainable Development Goals, the Japan International Cooperation Agency and the Global Economy and Development program at Brookings mounted a collaborative research effort to advance implementation of Agenda 2030. This edited volume is the product of that effort. The book approaches the UN's goals through three broad lenses. The first considers new approaches to capturing value. Examples include Nigeria's first green bonds, practical methods to expand women's economic opportunities, benchmarking to reflect business contributions to achieving the goals, new incentives for investment in infrastructure, and educational systems that promote cross-sector problem solving. The second lens entails new approaches to targeting places, including oceans, rural areas, fast-growing developing cities, and the interlocking challenge of data systems, including geospatial information generated by satellites. The third lens focuses on updating governance, broadly defined. Issues include how civil society can align with the SDG challenge; how an advanced economy like Canada can approach the goals at home and abroad; what needs to be done to foster new approaches for managing the global commons; and how can multilateral institutions for health and development finance evolve.
Download or read book Maximizing Finance for Development in Agriculture and Food Systems in Ethiopia written by International Finance Corporation and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The World Bank Group has developed a new diagnostic approach called Maximizing Finance for Development (MFD). This study pilots the use of the World Bank's MFD approach to identify areas along value chains (VCs) where the private sector is involved. More important may be the identification of where the private sector is currently not involved or only involved peripherially. The results provide a range of opportunities to consider, with the purpose of crowding in more private sector investment and sustainable solutions to achieve the Sustainable Development Goals and meet the highest environmental, social, and fiscal responsibility standards. Under each function, the underlying causes of market failure are assessed, helping inform a range of possible opportunities for private sector to participation. The ouputs of this report can be used for further stakeholder engagement to prioritize issues and assess solutions. The focus is on the three VCs of beef, coffee, and maize. These commodities account for over 50 percent of Agricultural GDP and over 80 percent of foreign exchange revenue for the country and possess the potential for greater development impact through enhanced private sector activity. The nature of these commodities differs in terms of commercialization. Coffee, a pure cash crop, has close to 95 percent of its product sold by the farmer. In contrast, maize is primarily a food crop and 89 percent of maize produced is consumed by farming households. Cattle, on the other hand, are sold by pastoralists when cash is needed, cattle are no longer serve a productive purpose or meeting social obligations. In highland areas, the commercialization aspect of cattle is much greater. This has implications for private sector engagement in the respective value chains. This report identifies the issues and constraints in these three selected VCs and suggests opportunities for: (a) the public sector to amend policy, regulations, and provide inducements for greater private sector activity; and (b) the private sector to take on a greater level of responsible agricultural investment aligned with global good practice.
Download or read book Foreign Direct Investment for Development Maximising benefits minimising costs written by OECD and published by OECD Publishing. This book was released on 2002-09-24 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a comprehensive review of the issues related to the impact of FDI on development as well as to the policies needed to maximise the benefits.
Download or read book Maximizing Finance for Development in Agriculture and Food Systems in Ethiopia written by World Bank Group and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The World Bank Group has developed a new diagnostic approach called Maximizing Finance for Development (MFD). This study pilots the use of the World Bank's MFD approach to identify areas along value chains (VCs) where the private sector is involved. More important may be the identification of where the private sector is currently not involved or only involved peripherially. The results provide a range of opportunities to consider, with the purpose of crowding in more private sector investment and sustainable solutions to achieve the Sustainable Development Goals and meet the highest environmental, social, and fiscal responsibility standards. Under each function, the underlying causes of market failure are assessed, helping inform a range of possible opportunities for private sector to participation. The ouputs of this report can be used for further stakeholder engagement to prioritize issues and assess solutions. The focus is on the three VCs of beef, coffee, and maize. These commodities account for over 50 percent of Agricultural GDP and over 80 percent of foreign exchange revenue for the country and possess the potential for greater development impact through enhanced private sector activity. The nature of these commodities differs in terms of commercialization. Coffee, a pure cash crop, has close to 95 percent of its product sold by the farmer. In contrast, maize is primarily a food crop and 89 percent of maize produced is consumed by farming households. Cattle, on the other hand, are sold by pastoralists when cash is needed, cattle are no longer serve a productive purpose or meeting social obligations. In highland areas, the commercialization aspect of cattle is much greater. This has implications for private sector engagement in the respective value chains. This report identifies the issues and constraints in these three selected VCs and suggests opportunities for: (a) the public sector to amend policy, regulations, and provide inducements for greater private sector activity; and (b) the private sector to take on a greater level of responsible agricultural investment aligned with global good practice.
Download or read book Optimizing Finance for Development written by Tito Cordella and published by . This book was released on 2018 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The World Bank Group recently adopted the "cascade framework" to "maximize finance for development." The cascade recommends that reforms be tried first, followed by subsidies, and then public investments. To understand the economics of the cascade, this paper presents a model where reforms, subsidies, and public investments can be used to fill the investment gap, and computes the welfare associated with their different sequencing. The cascade is optimal when reforms increase efficiency at no cost. When they are costly, if policies can be project specific, their sequencing does not matter; if not, the cascade can be optimal if agents are myopic, but not if they are forward-looking. Tensions may thus arise between maximizing private financing and optimizing financing for development.
Download or read book Contemporary Issues in Development Finance written by Joshua Yindenaba Abor and published by Routledge. This book was released on 2020-12-29 with total page 461 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contemporary Issues in Development Finance provides comprehensive and up-to-date coverage of theoretical and policy issues in development finance from both the domestic and the external finance perspectives and emphasizes addressing the gaps in financial markets. The chapters cover topical issues such as microfinance, private sector financing, aid, FDI, remittances, sovereign wealth, trade finance, and the sectoral financing of agricultural and infrastructural projects. Readers will acquire both breadth and depth of knowledge in critical and contemporary issues in development finance from a philosophical and yet pragmatic development impact approach. The text ensures this by carefully integrating the relevant theoretical underpinnings, empirical assessments, and practical policy issues into its analysis. The work is designed to be fully accessible to practitioners with only a limited theoretical economic background, allowing them to deeply engage with the book as useful reference material. Readers may find more advanced information and technical details provided in clear, concise boxes throughout the text. Finally, each chapter is fully supported by a set of review questions and by cases and examples from developing countries, particularly those in Africa. This book is a valuable resource for both development finance researchers and students taking courses in development finance, development economics, international finance, financial development policy, and economic policy management. Practitioners will find the development impact, policy, and conceptual analysis dimensions insightful analysing and designing intervention strategies.
Download or read book Vietnam Maximizing Finance for Development in the Energy Sector written by World Bank Group and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book OECD Sovereign Borrowing Outlook 2021 written by OECD and published by OECD Publishing. This book was released on 2021-05-20 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edition of the OECD Sovereign Borrowing Outlook reviews developments in response to the COVID-19 pandemic for government borrowing needs, funding conditions and funding strategies in the OECD area.
Download or read book Developing Public private Partnership Initiatives in Teh Middle East and North Africa written by Rabah Arezki and published by . This book was released on 2019 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper argues for a novel approach to financing infrastructure needs in Arab countries. It first describes the context of rising public debt in the region, contrasting it with the vast infrastructure needs. It then discusses the challenges in meeting these needs with traditional financing. The paper then makes the case for maximizing finance for development, by using public-private partnerships, and presents a few successful examples in Arab countries. Finally, the paper explores the way forward and concludes on the need for strong state capacity and integrity to promote the maximizing finance for development approach.
Download or read book Developing Public Private Partnership Initiatives in the Middle East and North Africa written by Rabah Arezki and published by . This book was released on 2019 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper argues for a novel approach to financing infrastructure needs in Arab countries. It first describes the context of rising public debt in the region, contrasting it with the vast infrastructure needs. It then discusses the challenges in meeting these needs with traditional financing. The paper then makes the case for maximizing finance for development, by using public-private partnerships, and presents a few successful examples in Arab countries. Finally, the paper explores the way forward and concludes on the need for strong state capacity and integrity to promote the maximizing finance for development approach.
Download or read book Financing Economic Development in the 21st Century written by Sammis B. White and published by Routledge. This book was released on 2014-12-18 with total page 375 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fully revised new edition of this textbook presents a well-balanced set of economic development financing tools and techniques focused on our current times of economic austerity. While traditional public sector techniques are evaluated and refocused, this volume emphasizes the role of the private sector and the increasing need to bring together different techniques and sources to create a workable financial development package. The chapters address critical assessments of various methods as well as practical advice on how to implement these techniques. New chapters on entrepreneurship, the changing nature of the community banking system, and the increasing need for partnerships provides critical insights into the ever-evolving practice of economic development finance.
Download or read book Financing for Development written by Percy S. Mistry and published by Commonwealth Secretariat. This book was released on 2002 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication addresses the key issues surrounding financing for development (FfD), the subject of the International UN Conference on Financing for Development (UNCFD) in Mexico in 2002. It is a useful guide for policy makers in developed and developing countries, private sector institutions and international financial institutions.
Download or read book Sustainable Financial Investments written by Brian Bolton and published by Springer. This book was released on 2016-04-29 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is it possible for an investment to be good for a firm's profitability without also being good for the environment, employees, or community? Bolton connects these seemingly disparate ideas to show how to incorporate economic costs, benefits, cash flows, and risks into the evaluation of any type of investment.
