Global survey of development banks
AbstractHistorically, 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.
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Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 5969.
Date of creation: 01 Feb 2012
Date of revision:
Banks&Banking Reform; Access to Finance; Debt Markets; Bankruptcy and Resolution of Financial Distress; Emerging Markets;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-02-20 (All new papers)
- NEP-BAN-2012-02-20 (Banking)
- NEP-CWA-2012-02-20 (Central & Western Asia)
- NEP-DEV-2012-02-20 (Development)
- NEP-SEA-2012-02-20 (South East Asia)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Scott, David H., 2007. "Strengthening the governance and performance of state-owned financial institutions," Policy Research Working Paper Series 4321, The World Bank.
- de la Torre, Augusto & Gozzi, Juan Carlos & Schmukler, Sergio L., 2007. "Innovative experiences in access to finance : market friendly roles for the visible hand ?," Policy Research Working Paper Series 4326, The World Bank.
- Pietro Calice, 2013. "Working Paper 174 - African Development Finance Institutions: Unlocking the Potential," Working Paper Series 470, African Development Bank.
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