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Rolle von Entwicklungsbanken in der internationalen Finanzierung

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  • Joachim Nagel

Abstract

Development banks like KfW are not subject to the maximization of profits, but have the mandate to promote economic, social and ecological development. They help developing and emerging countries to overcome market deficiencies with the aim of supporting the countries in their development. This often takes place through the provision of long-term concessional financing for economically sensible projects that could not otherwise be realized. They mobilize private capital through differentiated, sometimes innovative financing instruments. In times of recession they are in demand with their countercyclical financing, as the recent corona crisis shows. Development banks thus contribute to the achievement of the Sustainable Development Goals (SDGs) and the Paris Agreement. They also serve as standard setters in areas such as environmental and social sustainability and Green Finance. Entwicklungsbanken wie die KfW unterliegen nicht dem Gebot der Gewinnmaximierung, sondern haben das Mandat zur Förderung der wirtschaftlichen, sozialen und ökologischen Entwicklung. Sie helfen Entwicklungs- und Schwellenländern, Unzulänglichkeiten des Marktes zu überbrücken, mit dem Ziel, diese in ihrer Entwicklung zu unterstützen. Das findet häufig durch die Bereitstellung langfristiger konzessionärer Finanzierungen für volkswirtschaftlich sinnvolle Vorhaben statt, die unter den jeweiligen Rahmenbedingungen ansonsten nicht realisiert werden könnten. Dabei mobilisieren sie über differenzierte, teils innovative Finanzierungsinstrumente privates Kapital. Gerade in Zeiten von Rezessionen sind sie mit ihren antizyklischen Finanzierungen gefragt, wie die aktuelle Corona-Krise belegt. Somit tragen Entwicklungsbanken zur Erreichung der Sustainable Development Goals (SDGs) und des Paris Agreements bei. Zudem dienen sie als Standardsetzer in Bereichen wie Umwelt- und Sozialverträglichkeit und Green Finance.

Suggested Citation

  • Joachim Nagel, 2020. "Rolle von Entwicklungsbanken in der internationalen Finanzierung," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 89(3), pages 35-50.
  • Handle: RePEc:diw:diwvjh:89-3-3
    DOI: 10.3790/vjh.89.3.35
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    More about this item

    Keywords

    Development bank; foreign aid; official development assistance;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • F35 - International Economics - - International Finance - - - Foreign Aid

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