New ideas for sources of development finance constantly pop up. The millennium development goals cannot be financed with development aid alone. Therefore, the amount as well as innovativenes of new sources of development finance increase rapidly....
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ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
Signatur:
DS 130 (2007,27)
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New ideas for sources of development finance constantly pop up. The millennium development goals cannot be financed with development aid alone. Therefore, the amount as well as innovativenes of new sources of development finance increase rapidly. This working paper outlines why these new ideas have come to fore and examines their institutional setup. Moreover, its systematises, discusses, and assesses them. The working paper emphasises that the potential success of innovative sources of development finance not only concerns issues such as local absorption capacity and appreciation of the local currency. It also has to do with political choices, transaction costs, predictability, incentive structures, contraadicting interests, and ethical problems. Whether an idea essentially is constructive or not depends to a large degree on what the aim is, and how the idea relates to already existing sources of development finance.
