Book
External Finance for Private Sector Development

Appraisals and Issues

Foreign assistance philosophy no longer favours channeling aid almost exclusively to recipients' public sector; 'a bottomless pit'. Increasing preference has been accorded by the donor multilateral development community to the private sector, regarded as the engine of growth, poverty reduction and empowerment. Donors' professed development financing objectives now centre mainly on facilitation of sustainable long-term private capital flows to developing countries to support efforts to diminish aid dependence. The book examines the practices of multilateral and bilateral donors and those of NGOs in private sector development financing, giving special attention to microfinance and micro-enterprises. It also explains the flow of foreign direct investment and why poor countries have often been bypassed, just as a framework is suggested and applied for identifying the fundamentals that drive private capital flows from developed to developing countries. Capital flight from developing countries and policies for its reversal are also examined.

Table of contents
  1. 1. Foreign Financing of Developing Countries' Private Sectors: Analysis and Description of Structure and Trends
    Matthew Odedokun
    More Working Paper | A Holistic Perception of Foreign Financing of Developing Countries' Private Sectors
  2. 2. Comparative Appraisal of Multilateral and Bilateral Approaches to Financing Private Sector Development
    Peter Gibbon and Lau Schulpen
    More Working Paper | Comparative Appraisal of Multilateral and Bilateral Approaches to Financing Private Sector Development in Developing Countries
  3. 3. Bilateral Official and Non-Governmental Organizations' Supports for Private Sector Development
    Ayodele Jimoh
    More Working Paper | Bilateral Official Finance for Private Sector Development and the Role of Non-Government Organizations
  4. 4. Multilateral Development Banks and Private Sector Financing: The Case of IFC
    George Mavrotas
    More Working Paper | Multilateral Development Banks and Private Sector Financing
  5. 5. Donors' Support for Microcredit as Social Enterprise: A Critical Reappraisal
    Machiko Nissanke
    More Working Paper | Donors' Support for Microcredit as Social Enterprise
  6. 6. Flight Capital and Its Reversal for Development Financing
    Niels Hermes, Robert Lensink and Victor Murinde
    More Working Paper | Flight Capital and its Reversal for Development Financing
  7. 7. The "Pull" and "Push" Factors in North-South Private Capital Flows: Conceptual Issues and Empirical Estimates
    Matthew Odedokun
    More Working Paper | The 'Pull' and 'Push' Factors in North-South Private Capital Flows
  8. 8. Flow of Foreign Direct Investment in Developing Countries: A Two-part Econometric Modeling Approach
    Oluyele Akinkugbe
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