Descripción del título
Financing for development p...
This overview of financing for developing countries finds that government spending is the largest domestic resource, domestic private investment is also growing, outflows of private financial resources are very large, real net financial private flows are overstated, and ODA is the largest flow to least developed countries. Global public finance cannot be directly substituted by private finance, as it pays for public goods, is more predictable and counter-cyclical, and can be targeted at the poorest countries. Global private finance mainly goes to higher income countries and has difficultly targeting MSMEs or paying for public services. Leveraging private finance has faced many problems including in proving additionality, intransparency and lack of ownership, and poor evidence of development impact. Instead, we should focus on how international public flows can reduce barriers to private sector investment through investing in essential services, and how the EU can alter policies including by reforming investment treaties, curbing illicit financial flows, supporting fair debt workout mechanisms and developing responsible financing standards
Monografía
monografia Rebiun22901830 https://catalogo.rebiun.org/rebiun/record/Rebiun22901830 m o d cr cn||||||||| 140410s2014 lu a fo i000 0 eng d QA 04-14-253-EN-N LU-LuOPE PE 433.848 PE 9789282355152 9282355152 10.2861/56849 doi BEDGE eng BEDGE OCLCQ CEF SXT OCLCO OCLCF eng fre Financing for development post-2015 improving the contribution of private finance Luxembourg Publications Office 2014 Luxembourg Luxembourg Publications Office 1 online resource (41 pages) color illustrations 1 online resource (41 pages) Text txt rdacontent computer c rdamedia online resource cr rdacarrier Editorial closing date: 09 April 2014 EXPO/B/DEVE/2013/36 Free Bibl.: pages 36-41 This overview of financing for developing countries finds that government spending is the largest domestic resource, domestic private investment is also growing, outflows of private financial resources are very large, real net financial private flows are overstated, and ODA is the largest flow to least developed countries. Global public finance cannot be directly substituted by private finance, as it pays for public goods, is more predictable and counter-cyclical, and can be targeted at the poorest countries. Global private finance mainly goes to higher income countries and has difficultly targeting MSMEs or paying for public services. Leveraging private finance has faced many problems including in proving additionality, intransparency and lack of ownership, and poor evidence of development impact. Instead, we should focus on how international public flows can reduce barriers to private sector investment through investing in essential services, and how the EU can alter policies including by reforming investment treaties, curbing illicit financial flows, supporting fair debt workout mechanisms and developing responsible financing standards Specialised developing countries cooperation policy private investment EU aid financing policy investment policy development aid public financing Economic development- Developing countries- Finance Economic development- Finance Developing countries Publication UE/CE Publication internationale Ressource internet Texte intégral Etude UE Griffiths, Jesse Martin, Matthew Pereira, Javier Strawson, Tim European Parliament. Directorate-General for External Policies of the Union