Finance for Development 2

Type: Paper
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Day: 4/5/2019
Start / End Time: 9:55 AM / 11:35 AM
Room: Capitol Room, Omni, East
Organizers: Adam Dixon, Emma Mawdsley, Ilias Alami
Chairs: Emma Mawdsley

Description

The realm of international development is in a period of turbulent change. Neo-mercantilist and geopolitical considerations are being re-centred in donor strategies, in a context of a rapidly changing development landscape, and the partial fracturing of the North-South axis that historically framed mainstream development imaginaries and interventions. At the same time, a growing number of countries across the income spectrum have established state-sponsored strategic investment funds with a domestic development mandate to co-invest with private partners and other sovereign entities, bringing the tools of modern finance into contemporary industrial policy-making (e.g. India’s National Infrastructure Investment Fund’s USD 1 billion investment agreement with the Abu Dhabi Investment Authority). Conventional development institutions have, for their part, re-centred private sector-led economic growth in their narratives, policies and partnerships, and signalled a move from ‘foreign aid’ to ‘development finance’. The growing buzz has been around drawing in vastly bigger financial resources by using overseas development assistance (ODA) to catalyse and leverage private sector investment on a massive scale. The financing slogan of the Sustainable Development Goals is ‘from billions to trillions’, and is predicated precisely on a world ‘beyond aid’. This deepening and expanding of finance and financial markets in the name of development entails partnerships with actors that were not traditionally involved in development finance, such as hedge funds, venture capital, investment banks, credit rating agencies, global accountancy firms, and financial intermediaries. These trends have occurred at the same time as incredible expansion in financial instruments, practices, and programs targeting individuals, households and small-and-medium enterprises across the Global South, and in the management of land, nature, infrastructure, land and energy.


Agenda

Type Details Minutes Start Time
Presenter Jonathan Balls*, University of Melbourne, Valorising the market, discounting the state: Tracing the persistent support from development actors for businesses to deliver energy access in the Global South 20 9:55 AM
Presenter Apala Bhattacharya*, Lee Kuan Yew School of Public Policy, Teshura Nair*, National University Of Singapore, Marina Kaneti, National University of Singapore, Crossing the divide: a joint framework for SME financing 20 10:15 AM
Presenter Josué Banga*, Grenoble Alpes University, The green bond market: a potential source of climate finance for developing countries 20 10:35 AM
Presenter Solen Le Clec'h, ETH Zürich - Agricultural Economics and Policy , Samuel Ledermann*, George Washington University - Elliott School of International Affairs, Adrian Müller, ETH Zürich - Institute for Environmental Decisions; Research Institute of Organic Agriculture FiBL, Impact Investing for Sustainable Agriculture: Spatial Analysis of Potential Socio-Economic and Environmental Impacts 20 10:55 AM
Presenter Jeremaiah Manuel Opiniano*, University of Santo Tomas (Philippines) / The University of Adelaide (Australia), Do Overseas Remittances Finance Development? Geographic Insights through a Remittance Investment Climate Analysis in Rural Hometowns (RICART) Tool 20 11:15 AM

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