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A macro-framework for successful development banks

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  • Janine Thorne
  • Charlotte du Toit

Abstract

The large-scale failures of development banks in the 1970s and 1980s meant that they all but disappeared from the development agenda. However, there are still a large number of development banks worldwide that operate with various degrees of success. Some governments are also looking to re-establish such banks to address the shortage of finance for higher-risk market segments. To avoid a repeat of the earlier failures, government policy needs to be informed by an objective framework for the success of these banks. This article, based on economic theory and informed by case studies, outlines such a framework. It addresses the following six dimensions of these banks: enabling environment, mandate, regulation and supervision, governance and management, financial sustainability and performance assessment. Development banking remains a risky initiative but, managed appropriately, and using this framework, it can help achieve development objectives.

Suggested Citation

  • Janine Thorne & Charlotte du Toit, 2009. "A macro-framework for successful development banks," Development Southern Africa, Taylor & Francis Journals, vol. 26(5), pages 677-694.
  • Handle: RePEc:taf:deveza:v:26:y:2009:i:5:p:677-694
    DOI: 10.1080/03768350903303183
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    References listed on IDEAS

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    1. Shirley, Mary & Lixin Colin Xu, 1998. "The empirical effects of performance contracts: evidence from China," Policy Research Working Paper Series 1919, The World Bank.
    2. Yaron, J., 1992. "Assessing Development Finance Institutions; A Public Interest Analysis," World Bank - Discussion Papers 174, World Bank.
    3. Nellis, J.R., 1989. "Contract Plans And Public Enterprise Performance," World Bank - Discussion Papers 48, World Bank.
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    Cited by:

    1. Thorsten Beck & Samuel Munzele Maimbo & Issa Faye & Thouraya Triki, 2011. "Financing Africa : Through the Crisis and Beyond," World Bank Publications, The World Bank, number 2355.
    2. Riham Shendy & Zachary Kaplan & Peter Mousley, 2011. "Toward Better Infrastructure : Conditions, Constraints, and Opportunities in Financing Public-Private Partnerships in Select African Countries," World Bank Publications, The World Bank, number 2331.
    3. World Bank, 2013. "Mongolia : Improving Public Investments to Meet the Challenge of Scaling Up Infrastructure," World Bank Other Operational Studies 13256, The World Bank.

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