Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/80948
Authors: 
Griffith-Jones, Stephany
Tyson, Judith
Year of Publication: 
2013
Series/Report no.: 
WIDER Working Paper 2013/019
Abstract: 
The paper considers the experience of the European Investment Bank and addresses policy lessons for developing countries as they seek finance for development. The paper argues that the key lesson for developing countries is that the traditional role of a development bank in closing market gaps in long-term, low-cost and stable infrastructure lending and in anticyclical financing remains relevant for developing countries but needs to be directed towards new goals. The paper also proposes that an optimal structure is a regionally owned development bank, as this would allow critical advantages of regional ownership, control and responsiveness.
Subjects: 
development banks
European Investment Bank
infrastructure financing
development financing
environment
JEL: 
E59
F36
F59
G18
ISBN: 
978-92-9230-596-3
Document Type: 
Working Paper

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