LEADER 03823nam 2200457 450 001 9910484346903321 005 20210225193856.0 010 $a3-030-55008-7 024 7 $a10.1007/978-3-030-55008-0 035 $a(CKB)4100000011476716 035 $a(MiAaPQ)EBC6360950 035 $a(DE-He213)978-3-030-55008-0 035 $a(PPN)259464341 035 $a(EXLCZ)994100000011476716 100 $a20210225d2021 uy 0 101 0 $aeng 135 $auruzu---auuuu 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aLeveraging financial markets for development $ehow KfW revolutionized development finance /$fPeter Volberding 205 $a1st ed. 2021. 210 1$aCham, Switzerland :$cPalgrave Macmillan,$d[2021] 210 4$d©2021 215 $a1 online resource 225 1 $aExecutive politics and governance 311 $a3-030-55007-9 327 $aChapter 1. The Marketization of Development Finance -- Chapter 2. 1950-1970: The World Bank, DFCs, and the Foundations of Private Investment Mobilization -- Chapter 3. 1970 to 1990: Development Finance in Crisis and the Search for a New Paradigm -- Chapter 4. KfW and the Early Stages of Marketized Development Financial Instruments. Chapter 5. Chapter 5: The Maturation of Marketized Development Financial Instruments: Microfinance and Structured Funds -- Chapter 6. The Scaling-Up of Marketized Development Financial Instruments from 2005 to 2017 -- Chapter 7. Conclusion and Future Directions. . 330 $a?This is an excellent book on an increasingly important topic, and proves a valuable resource for academics, students, and policy-makers.? ?Stephany Griffith-Jones, Professor, Columbia University, USA ?Peter Volberding addresses a long-standing issue of delivering effective financing for sustainable economic development. He does not simply provide the origin, evolution and challenges of marketized development financial instruments, he goes beyond!? ?Désiré Kanga, Centre for Global Finance, SOAS University of London, UK ?Peter Volberding?s engaging account documents the actors and institutions?notably, the German state-owned KfW?that made this revolutionary change possible.? ?Beth Simmons, Professor, University of Pennsylvania, USA This book investigates how development institutions created and promoted marketized development financial instruments to increase the speed and scope of assistance by leveraging private financial markets for development objectives. To attract private investors, donor governments agreed to bear the risk in these new instruments in order to mobilize investment during times of political crisis. In particular, this book contends that Germany?s KfW played an outsized role in the development of these new financial instruments, particularly in microfinance banks and structured funds, as KfW?s unique institutional attributes and strong political support from the German government at critical junctures fostered financial innovation. Using over 70 interviews and a cache of newly released archival materials, this book documents how KfW and other development institutions created and promoted these marketized development financial instruments, and how they have become a pillar of modern development policy. Peter Volberding received his PhD from the Government Department at Harvard University, USA. 410 0$aExecutive politics and governance. 606 $aFinancial instruments$zGermany 615 0$aFinancial instruments 676 $a346.43082 700 $aVolberding$b Peter$01225633 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910484346903321 996 $aLeveraging financial markets for development$92845629 997 $aUNINA