Innovating Development Finance : From Financing Sources to Financial Solutions
As early as 2000, development partners embarked on a decade-long search for "innovative" or alternative sources of Official Development Assistance to help finance achievement of the Millennium Development Goals. For their part, developing...
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| Format: | Policy Research Working Paper |
| Language: | English |
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2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20091103112908 http://hdl.handle.net/10986/4300 |
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okr-10986-4300 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCOUNTING ADMINISTRATIVE COST ADMINISTRATIVE COSTS ADVISORY SERVICES AGENCY PROBLEMS ASSISTANCE ORGANIZATION BANK BONDS BANK DEBT BANK GUARANTEES BANK INTERMEDIATION BANK LOAN BENCHMARK BONDS BENEFICIARY BOND BOND INDEX BOND ISSUANCES BOND ISSUE BOND ISSUES BOND MARKETS BONDS CAPITAL FLOWS CAPITAL MARKET CAPITAL MARKETS CENTRAL BANKS COMMERCIAL CREDIT COMMODITY PRICE COMMODITY PRICES CONFLICTS OF INTEREST CORPORATE FINANCE CORRUPTION COST OF REMITTANCES COST-EFFICIENCY COUPON CREDIT AGENCIES CREDIT GUARANTEE CREDIT GUARANTEES CREDIT RATING CREDIT RISKS CREDITORS CROP INSURANCE CURRENCY CURRENCY RISKS DEBT DEBT CONVERSION DEBT CONVERSIONS DEBT FINANCING DEBT MANAGEMENT DEBT OFFERINGS DEBT RELIEF DEBT SWAPS DEFICITS DERIVATIVE DERIVATIVE INSTRUMENTS DERIVATIVES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ASSISTANCE DEVELOPMENT BANK DEVELOPMENT BANKS DEVELOPMENT FINANCE DISBURSEMENT DISBURSEMENTS DOMESTIC CAPITAL DOMESTIC CAPITAL MARKETS ECONOMIC AGENTS ECONOMIC COOPERATION ECONOMIC CRISIS ECONOMIC DEVELOPMENT EMERGING MARKETS ENVIRONMENTAL PROTECTION EQUITIES EUROBOND EXCHANGE RATE EXPENDITURE EXTERNAL BORROWING EXTERNAL FINANCING EXTERNAL FUNDING EXTERNAL SHOCKS FACILITATION FARMERS FEDERAL BUDGET FINANCIAL CRISIS FINANCIAL EXPERTISE FINANCIAL FLOWS FINANCIAL INNOVATION FINANCIAL INNOVATIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARY FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL RISK FINANCIAL RISKS FINANCIAL SKILLS FINANCIAL SYSTEMS FINANCING FACILITY FINANCING INITIATIVES FINANCING NEEDS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RISKS FUND MANAGEMENT FUND MANAGERS FUNDING SOURCES FUTURE CREDIT GLOBAL CAPITAL GLOBAL CAPITAL MARKETS GLOBAL DEVELOPMENT FINANCE GLOBAL MARKET GOVERNMENT PAPER GROSS DOMESTIC PRODUCT GROUP LENDING GUARANTEE AGENCY HOUSEHOLDS HUMAN DEVELOPMENT IMMUNIZATION INDEXED BONDS INFLATION INFORMATION ASYMMETRIES INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENT INSTITUTIONAL INVESTORS INSTRUMENT INSURANCE INSURANCE COMPANIES INSURANCE MARKET INSURANCE MARKETS INTEREST RATE INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL INSTITUTION INTERNATIONAL MARKETS INVESTING INVESTMENT BANK INVESTMENT CORPORATION INVESTMENT DECISIONS INVESTMENT FINANCE INVESTMENT FLOWS INVESTMENT STRATEGIES ISSUANCE ISSUANCES LEVIES LEVY LIABILITY LIQUIDITY LIVESTOCK INSURANCE LOAN LOCAL BANKS LOCAL CAPACITY LOCAL CURRENCIES LOCAL CURRENCY LOCAL FINANCIAL MARKETS LOCAL MARKET LOCAL MARKETS MARKET CONDITIONS MARKET DEVELOPMENT MARKET ENVIRONMENT MARKET FAILURES MARKET PARTICIPANTS MARKET PRICES MARKET-MAKING MATURITIES MATURITY MONETARY FUND NATURAL DISASTERS NONPAYMENT NUTRITION OUTREACH PARTIAL CREDIT PARTIAL RISK PENSION PENSION FUNDS POLITICAL RISK PORTFOLIO PORTFOLIOS PRIVATE CAPITAL PRIVATE DONORS PRIVATE EQUITY PRIVATE FINANCE PRIVATE INVESTMENT PRIVATE INVESTORS PROMISSORY NOTE PUBLIC ASSETS PUBLIC BANKS PUBLIC FINANCE PUBLIC FUNDS PUBLIC SECTOR BANKS PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS REFUGEES REMITTANCE REMITTANCES REPAYMENT RETAIL INVESTORS RETURN RETURNS RISK MANAGEMENT RISK MANAGEMENT TOOLS RISK MITIGATION RISK PROFILE SECONDARY MARKET SECURITIES SEIZURE SETTLEMENT SMALL BUSINESSES SOURCES OF FUNDS SOVEREIGN DEBTS SOVEREIGN ENTITIES SOVEREIGN LENDING SOVEREIGN RISK START-UP START-UP COSTS SUPPORT INFRASTRUCTURE SWAP SWAP MARKET TAX TECHNICAL ASSISTANCE TRADING TRADITIONAL LOANS TRANSACTION TRANSACTION COSTS TRANSACTIONS COSTS TREASURY TREATY TRUST FUND TRUST FUNDS TRUSTEE URBAN DEVELOPMENT VARIABLE COUPON |
| spellingShingle |
ACCOUNTING ADMINISTRATIVE COST ADMINISTRATIVE COSTS ADVISORY SERVICES AGENCY PROBLEMS ASSISTANCE ORGANIZATION BANK BONDS BANK DEBT BANK GUARANTEES BANK INTERMEDIATION BANK LOAN BENCHMARK BONDS BENEFICIARY BOND BOND INDEX BOND ISSUANCES BOND ISSUE BOND ISSUES BOND MARKETS BONDS CAPITAL FLOWS CAPITAL MARKET CAPITAL MARKETS CENTRAL BANKS COMMERCIAL CREDIT COMMODITY PRICE COMMODITY PRICES CONFLICTS OF INTEREST CORPORATE FINANCE CORRUPTION COST OF REMITTANCES COST-EFFICIENCY COUPON CREDIT AGENCIES CREDIT GUARANTEE CREDIT GUARANTEES CREDIT RATING CREDIT RISKS CREDITORS CROP INSURANCE CURRENCY CURRENCY RISKS DEBT DEBT CONVERSION DEBT CONVERSIONS DEBT FINANCING DEBT MANAGEMENT DEBT OFFERINGS DEBT RELIEF DEBT SWAPS DEFICITS DERIVATIVE DERIVATIVE INSTRUMENTS DERIVATIVES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ASSISTANCE DEVELOPMENT BANK DEVELOPMENT BANKS DEVELOPMENT FINANCE DISBURSEMENT DISBURSEMENTS DOMESTIC CAPITAL DOMESTIC CAPITAL MARKETS ECONOMIC AGENTS ECONOMIC COOPERATION ECONOMIC CRISIS ECONOMIC DEVELOPMENT EMERGING MARKETS ENVIRONMENTAL PROTECTION EQUITIES EUROBOND EXCHANGE RATE EXPENDITURE EXTERNAL BORROWING EXTERNAL FINANCING EXTERNAL FUNDING EXTERNAL SHOCKS FACILITATION FARMERS FEDERAL BUDGET FINANCIAL CRISIS FINANCIAL EXPERTISE FINANCIAL FLOWS FINANCIAL INNOVATION FINANCIAL INNOVATIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARY FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL RISK FINANCIAL RISKS FINANCIAL SKILLS FINANCIAL SYSTEMS FINANCING FACILITY FINANCING INITIATIVES FINANCING NEEDS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RISKS FUND MANAGEMENT FUND MANAGERS FUNDING SOURCES FUTURE CREDIT GLOBAL CAPITAL GLOBAL CAPITAL MARKETS GLOBAL DEVELOPMENT FINANCE GLOBAL MARKET GOVERNMENT PAPER GROSS DOMESTIC PRODUCT GROUP LENDING GUARANTEE AGENCY HOUSEHOLDS HUMAN DEVELOPMENT IMMUNIZATION INDEXED BONDS INFLATION INFORMATION ASYMMETRIES INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENT INSTITUTIONAL INVESTORS INSTRUMENT INSURANCE INSURANCE COMPANIES INSURANCE MARKET INSURANCE MARKETS INTEREST RATE INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL INSTITUTION INTERNATIONAL MARKETS INVESTING INVESTMENT BANK INVESTMENT CORPORATION INVESTMENT DECISIONS INVESTMENT FINANCE INVESTMENT FLOWS INVESTMENT STRATEGIES ISSUANCE ISSUANCES LEVIES LEVY LIABILITY LIQUIDITY LIVESTOCK INSURANCE LOAN LOCAL BANKS LOCAL CAPACITY LOCAL CURRENCIES LOCAL CURRENCY LOCAL FINANCIAL MARKETS LOCAL MARKET LOCAL MARKETS MARKET CONDITIONS MARKET DEVELOPMENT MARKET ENVIRONMENT MARKET FAILURES MARKET PARTICIPANTS MARKET PRICES MARKET-MAKING MATURITIES MATURITY MONETARY FUND NATURAL DISASTERS NONPAYMENT NUTRITION OUTREACH PARTIAL CREDIT PARTIAL RISK PENSION PENSION FUNDS POLITICAL RISK PORTFOLIO PORTFOLIOS PRIVATE CAPITAL PRIVATE DONORS PRIVATE EQUITY PRIVATE FINANCE PRIVATE INVESTMENT PRIVATE INVESTORS PROMISSORY NOTE PUBLIC ASSETS PUBLIC BANKS PUBLIC FINANCE PUBLIC FUNDS PUBLIC SECTOR BANKS PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS REFUGEES REMITTANCE REMITTANCES REPAYMENT RETAIL INVESTORS RETURN RETURNS RISK MANAGEMENT RISK MANAGEMENT TOOLS RISK MITIGATION RISK PROFILE SECONDARY MARKET SECURITIES SEIZURE SETTLEMENT SMALL BUSINESSES SOURCES OF FUNDS SOVEREIGN DEBTS SOVEREIGN ENTITIES SOVEREIGN LENDING SOVEREIGN RISK START-UP START-UP COSTS SUPPORT INFRASTRUCTURE SWAP SWAP MARKET TAX TECHNICAL ASSISTANCE TRADING TRADITIONAL LOANS TRANSACTION TRANSACTION COSTS TRANSACTIONS COSTS TREASURY TREATY TRUST FUND TRUST FUNDS TRUSTEE URBAN DEVELOPMENT VARIABLE COUPON Girishankar, Navin Innovating Development Finance : From Financing Sources to Financial Solutions |
| geographic_facet |
The World Region The World Region |
| relation |
Policy Research working paper ; no. WPS 5111 |
| description |
As early as 2000, development partners
embarked on a decade-long search for "innovative"
or alternative sources of Official Development Assistance to
help finance achievement of the Millennium Development
Goals. For their part, developing countries have sought not
only more financial flows but better financial solutions,
for example, through partnerships that mobilize private
finance for public service delivery, risk mitigation efforts
that promote private entry in the productive sectors, and
support for carbon trading. This paper offers a framework to
organize and understand this heterogeneous mix of
innovations in fund-raising and financial solutions for
development. It also provides, for the first time, a
stocktaking of actual innovations that make up the
international landscape and highlights the World Bank
Group s role to date. The stocktaking shows that innovative
finance mechanisms have played a more significant role in
supporting financial solutions on the ground than in
identifying and exploiting "alternative sources of
ODA." Innovative fund-raising therefore should be
viewed as a complement to - rather than a substitute for -
traditional efforts to mobilize official flows, in
particular concessional flows. Going forward, innovations
need to be tested and evaluated to determine value-added. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Girishankar, Navin |
| author_facet |
Girishankar, Navin |
| author_sort |
Girishankar, Navin |
| title |
Innovating Development Finance : From Financing Sources to Financial Solutions |
| title_short |
Innovating Development Finance : From Financing Sources to Financial Solutions |
| title_full |
Innovating Development Finance : From Financing Sources to Financial Solutions |
| title_fullStr |
Innovating Development Finance : From Financing Sources to Financial Solutions |
| title_full_unstemmed |
Innovating Development Finance : From Financing Sources to Financial Solutions |
| title_sort |
innovating development finance : from financing sources to financial solutions |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20091103112908 http://hdl.handle.net/10986/4300 |
| _version_ |
1764390825434808320 |
| spelling |
okr-10986-43002021-04-23T14:02:17Z Innovating Development Finance : From Financing Sources to Financial Solutions Girishankar, Navin ACCOUNTING ADMINISTRATIVE COST ADMINISTRATIVE COSTS ADVISORY SERVICES AGENCY PROBLEMS ASSISTANCE ORGANIZATION BANK BONDS BANK DEBT BANK GUARANTEES BANK INTERMEDIATION BANK LOAN BENCHMARK BONDS BENEFICIARY BOND BOND INDEX BOND ISSUANCES BOND ISSUE BOND ISSUES BOND MARKETS BONDS CAPITAL FLOWS CAPITAL MARKET CAPITAL MARKETS CENTRAL BANKS COMMERCIAL CREDIT COMMODITY PRICE COMMODITY PRICES CONFLICTS OF INTEREST CORPORATE FINANCE CORRUPTION COST OF REMITTANCES COST-EFFICIENCY COUPON CREDIT AGENCIES CREDIT GUARANTEE CREDIT GUARANTEES CREDIT RATING CREDIT RISKS CREDITORS CROP INSURANCE CURRENCY CURRENCY RISKS DEBT DEBT CONVERSION DEBT CONVERSIONS DEBT FINANCING DEBT MANAGEMENT DEBT OFFERINGS DEBT RELIEF DEBT SWAPS DEFICITS DERIVATIVE DERIVATIVE INSTRUMENTS DERIVATIVES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ASSISTANCE DEVELOPMENT BANK DEVELOPMENT BANKS DEVELOPMENT FINANCE DISBURSEMENT DISBURSEMENTS DOMESTIC CAPITAL DOMESTIC CAPITAL MARKETS ECONOMIC AGENTS ECONOMIC COOPERATION ECONOMIC CRISIS ECONOMIC DEVELOPMENT EMERGING MARKETS ENVIRONMENTAL PROTECTION EQUITIES EUROBOND EXCHANGE RATE EXPENDITURE EXTERNAL BORROWING EXTERNAL FINANCING EXTERNAL FUNDING EXTERNAL SHOCKS FACILITATION FARMERS FEDERAL BUDGET FINANCIAL CRISIS FINANCIAL EXPERTISE FINANCIAL FLOWS FINANCIAL INNOVATION FINANCIAL INNOVATIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARY FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL RISK FINANCIAL RISKS FINANCIAL SKILLS FINANCIAL SYSTEMS FINANCING FACILITY FINANCING INITIATIVES FINANCING NEEDS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RISKS FUND MANAGEMENT FUND MANAGERS FUNDING SOURCES FUTURE CREDIT GLOBAL CAPITAL GLOBAL CAPITAL MARKETS GLOBAL DEVELOPMENT FINANCE GLOBAL MARKET GOVERNMENT PAPER GROSS DOMESTIC PRODUCT GROUP LENDING GUARANTEE AGENCY HOUSEHOLDS HUMAN DEVELOPMENT IMMUNIZATION INDEXED BONDS INFLATION INFORMATION ASYMMETRIES INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENT INSTITUTIONAL INVESTORS INSTRUMENT INSURANCE INSURANCE COMPANIES INSURANCE MARKET INSURANCE MARKETS INTEREST RATE INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL INSTITUTION INTERNATIONAL MARKETS INVESTING INVESTMENT BANK INVESTMENT CORPORATION INVESTMENT DECISIONS INVESTMENT FINANCE INVESTMENT FLOWS INVESTMENT STRATEGIES ISSUANCE ISSUANCES LEVIES LEVY LIABILITY LIQUIDITY LIVESTOCK INSURANCE LOAN LOCAL BANKS LOCAL CAPACITY LOCAL CURRENCIES LOCAL CURRENCY LOCAL FINANCIAL MARKETS LOCAL MARKET LOCAL MARKETS MARKET CONDITIONS MARKET DEVELOPMENT MARKET ENVIRONMENT MARKET FAILURES MARKET PARTICIPANTS MARKET PRICES MARKET-MAKING MATURITIES MATURITY MONETARY FUND NATURAL DISASTERS NONPAYMENT NUTRITION OUTREACH PARTIAL CREDIT PARTIAL RISK PENSION PENSION FUNDS POLITICAL RISK PORTFOLIO PORTFOLIOS PRIVATE CAPITAL PRIVATE DONORS PRIVATE EQUITY PRIVATE FINANCE PRIVATE INVESTMENT PRIVATE INVESTORS PROMISSORY NOTE PUBLIC ASSETS PUBLIC BANKS PUBLIC FINANCE PUBLIC FUNDS PUBLIC SECTOR BANKS PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS REFUGEES REMITTANCE REMITTANCES REPAYMENT RETAIL INVESTORS RETURN RETURNS RISK MANAGEMENT RISK MANAGEMENT TOOLS RISK MITIGATION RISK PROFILE SECONDARY MARKET SECURITIES SEIZURE SETTLEMENT SMALL BUSINESSES SOURCES OF FUNDS SOVEREIGN DEBTS SOVEREIGN ENTITIES SOVEREIGN LENDING SOVEREIGN RISK START-UP START-UP COSTS SUPPORT INFRASTRUCTURE SWAP SWAP MARKET TAX TECHNICAL ASSISTANCE TRADING TRADITIONAL LOANS TRANSACTION TRANSACTION COSTS TRANSACTIONS COSTS TREASURY TREATY TRUST FUND TRUST FUNDS TRUSTEE URBAN DEVELOPMENT VARIABLE COUPON As early as 2000, development partners embarked on a decade-long search for "innovative" or alternative sources of Official Development Assistance to help finance achievement of the Millennium Development Goals. For their part, developing countries have sought not only more financial flows but better financial solutions, for example, through partnerships that mobilize private finance for public service delivery, risk mitigation efforts that promote private entry in the productive sectors, and support for carbon trading. This paper offers a framework to organize and understand this heterogeneous mix of innovations in fund-raising and financial solutions for development. It also provides, for the first time, a stocktaking of actual innovations that make up the international landscape and highlights the World Bank Group s role to date. The stocktaking shows that innovative finance mechanisms have played a more significant role in supporting financial solutions on the ground than in identifying and exploiting "alternative sources of ODA." Innovative fund-raising therefore should be viewed as a complement to - rather than a substitute for - traditional efforts to mobilize official flows, in particular concessional flows. Going forward, innovations need to be tested and evaluated to determine value-added. 2012-03-19T19:13:32Z 2012-03-19T19:13:32Z 2009-11-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20091103112908 http://hdl.handle.net/10986/4300 English Policy Research working paper ; no. WPS 5111 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region The World Region |