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The Future of National Development Banks$
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Stephany Griffith-Jones and José Antonio Ocampo

Print publication date: 2018

Print ISBN-13: 9780198827948

Published to Oxford Scholarship Online: November 2018

DOI: 10.1093/oso/9780198827948.001.0001

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The Future of National Development Banks

The Future of National Development Banks

Chapter:
(p.1) 1 The Future of National Development Banks
Source:
The Future of National Development Banks
Author(s):

Stephany Griffith-Jones

José Antonio Ocampo

Felipe Rezende

Alfredo Schclarek

Michael Brei

Publisher:
Oxford University Press
DOI:10.1093/oso/9780198827948.003.0001

In the wake of the global financial crisis, there is growing consensus that national development banks play a valuable role in development finance. This chapter looks first at the theoretical background justifying the need for development banks. The chapter then describes empirically some of the key features of national development banks, including their lending and funding structure. Finally, it analyses in depth five main functions which national development banks perform: (i) providing countercyclical lending; (ii) promoting innovation and structural transformation; (iii) enhancing financial inclusion; (iv) supporting infrastructure investment; and (v) supporting the provision of public goods, and particularly combatting climate change.

Keywords:   national development bank, long-term financing, development banks’ roles, countercyclical funding, financing structural transformation, sustainable development, inclusive finance

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