Panel Discussion : Development banks
|26 Apr 2012|
| 09:00 - 12:00|
The demand for the mobilization of domestic resources for social inclusion and in support of virtuous circles of investment, productivity increase and income growth has created pressures to direct flows of finance towards priority income groups and strategically important sectors.
There is no doubt that commercial financial institutions are part of the required institutional environment. However, the potential contribution of these institutions is limited by widespread financial market failures, and by their procyclical lending patterns and focus on short-term profitability rather than long-term social welfare.
National development banks (NDBs) partially or wholly owned by the state can offer an alternative.
The continuing relevance of Development Banks (UNCTAD XIII Policy Brief, No 4 April 2012)
Moderator: Mr. Richard Kozul-Wright, Chief, Unit on Economic Cooperation and Integration among Developing Countries, UNCTAD
- Dr. João Carlos Ferraz, Vice President of the Brazilian Development Bank, Brazil
- Mr. José Carrera, Corporación Andina de Fomento-CAF, Vice President of Social and Environmental Development
- Dr. Lutz-Christian Funke, KfW, Senior Vice President for Management Affairs & Communication
- Professor Jayati Ghosh, Centre for Economic Studies and Planning, School of Social Sciences, Jawaharlal Nehru University, New Delhi, India
- Mr. Pedro Paez, Former Minister for Economic Policy Coordination of Ecuador and Coordinator of the Southern Bank
- Mr. Jean-Louis Ekra, President of the African Import-Export Bank and Honorary President, G-NEXID