n AfricaGrowth Agenda - Financial oversight of Development Finance Institutions (DFIs) by the national treasury of South Africa

Volume 2011, Issue 10
  • ISSN : 1811-5187


Development finance is usually linked to investments in revenue-generating enterprises and projects or ventures, public or private. Projects financed may be commercially profitable, involve full-cost recovery autonomous to the enterprise, or partial cost recovery, with an explicit subsidy provided by government. Application is generally confined to the initial capital outlay (and/or first cycle of working capital).

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