The Private Turn in Development Finance

Main author: Van Waeyenberge, Elisa
Format: Monographs and Working Papers           
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id eprints-22273
recordtype eprints
institution SOAS, University of London
collection SOAS Research Online
language English
language_search English
description The last few decades have seen dramatic changes in development finance. These have been accompanied by a redefinition of the purpose of development cooperation. A strong belief in the potential of private flows to finance development has come to prevail and public or official flows have become increasingly deployed in support of private flows as the newly projected main source of development finance. This has specific implications regarding aid instruments, in particular through ‘blending’ and the attempt to rely increasingly on public-private partnerships. As aid and development cooperation become deployed increasingly to mobilize private finance, the core role of public finance for public goods is downplayed. This trend has accelerated as a result of the GFC with its specific implications for fiscal space to support ODA in developed economies. This Working Paper 140 is part of Deliverable D606 on the Financial Implications of the New Relationship between the EU and the Developing World.
format Monographs and Working Papers
author Van Waeyenberge, Elisa
author_facet Van Waeyenberge, Elisa
authorStr Van Waeyenberge, Elisa
author_letter Van Waeyenberge, Elisa
title The Private Turn in Development Finance
publisher FESSUD: Working Paper Series no. 140
publishDate 2015
url https://eprints.soas.ac.uk/22273/