Innovative financing for development
By: Suhas Ketkar and Dilip Ratha (editors).
Contributors: Ketkar, Suhas.; Ratha, Dilip.
Publisher: World Bank
Published: 2008
Place of publication: Washington, DC
Language: eng
Number of pages: 201
ISBN-13: 9780821376850; 9780821377062
Subjects: Economic development -- Developing countries -- Finance; Economic assistance -- Developing countries; Developing countries -- Finance
Description: "Developing countries need additional, cross-border capital channeled into their private sectors to generate employment and growth, reduce poverty, and meet the other Millennium Development Goals. Innovative financing mechanisms are necessary to make this happen. Innovative Financing for Development is the first book on this subject that uses a market-based approach. It compiles pioneering methods of raising development finance including securitization of future flow receivables, diaspora bonds, and GDP-indexed bonds. It also highlights the role of shadow sovereign ratings in facilitating access to international capital markets. It argues that poor countries, especially those in Sub-Saharan Africa, can potentially raise tens of billions of dollars annually through these instruments."--Jacket.
Notes: Includes bibliographical references and index.