Development Finance Agenda (DEFA) - latest Issue
Volume 2, Issue 2, 2016
Promoting municipal bonds in developing countries - a realistic donor strategy towards sustainable development?Author Daniel PlatzSource: Development Finance Agenda (DEFA) 2, pp 4 –5 (2016)More Less
In light of increasing urbanisation and an ambitious new 2030 Agenda for Sustainable Development, subnational entities (cities, towns, provinces) in developing countries need to find ways to unlock private funds in order to finance large-scale capital investments. This article reviews whether issuing bonds at the local level is an objective worth pursuing for sub national entities in developing countries. The author argues that even in the most advanced emerging market economies, raising finance through such mechanisms remains rare and has proven to be a complex effort. The international community may therefore re-evaluate its agenda to promote such instruments in even more challenging settings, such as in Least Developed Countries in Africa and or South Asia. Developing local borrowing practices takes time and donors could adjust their efforts towards helping local authorities access subsidised lending and performance-based grants first, before moving on to more market-based terms. In the end, objectives must be ambitious and realistic to ensure long-term and sustained engagement from all stakeholders.
Author Julien LefilleurSource: Development Finance Agenda (DEFA) 2, pp 8 –9 (2016)More Less
Small, fragmented, moderately efficient and unevenly developed across regions, sub-Saharan banking sectors are not in a capacity to address the demand for financing from the private sector. Development finance institutions (DFIs) can help the sector to consolidate, support the emergence of pan-African champions and ease access to long term resources.
Author Wasseem MinaSource: Development Finance Agenda (DEFA) 2, pp 12 –13 (2016)More Less
The domain of foreign investment covered under bilateral investment treaties extends beyond FDI. The examination of the influence of these treaties has been limited to FDI. Mina (2015) examines their influence on other types of capital flows and finds that they decrease private debt flows and tilt the composition of capital flows towards FDI. Results of this research provide lessons to African countries.
Author Estelle LahayeSource: Development Finance Agenda (DEFA) 2 (2016)More Less
In recent years, WAEMU has experienced significant private sector activity to develop digital finance solutions showing exciting promises for financial inclusion in the region. Yet, deployments and adoption is uneven across the eight countries and there are still important obstacles. This blog series raises awareness on recent progress and ongoing challenges for digital finance in WAEMU.
Author Adrino MazendaSource: Development Finance Agenda (DEFA) 2, pp 18 –19 (2016)More Less
Clarity is blurred on specific detail of FDI flows among the BRICS (Brazil-Russia-India-China-South Africa) partnering countries and how they can be enhanced. The policy briefing outlines the existing BRICS outward investment strategies and destinations, as well as outward sectoral composition and distribution for each of the countries firms. It provides necessary policy recommendations, which are aimed at boosting the alliances' FDI flows.
Author Moe ShaikSource: Development Finance Agenda (DEFA) 2 (2016)More Less
The infrastructure delivery chain involves many complex stages, starting with detailed project planning and ending with the operation and maintenance of projects once completed. Given the complexities of the infrastructure delivery chain, careful thought and effective capacity is required to ensure success through the various stages. Adopting a reality-based approach can assist in identifying potential risks upfront. Such an approach can only benefit all role players, thereby ensuring that Africa effectively overcomes its infrastructure deficit.
Author Jesse GriffithsSource: Development Finance Agenda (DEFA) 2, pp 26 –28 (2016)More Less
The G20's track record on financial sector reform is uninspiring, and its failure to tackle the major concerns of developing economies or make the global financial system less prone to crisis suggests it is time to start searching for a more effective and more legitimate successor.