Short description:

This handbook presents a wide-ranging and thorough overview of research topics and policy considerations in the field of development finance. The handbook brings together international contributions from both practitioners and academics to provide global, regional and national perspectives.

Chapters are devoted to global contexts for development finance (including the Sustainable Development Goals framework); development financial planning in country-specific settings; domestic resource mobilization for economic development; external sources of finance including aid, foreign direct investment, remittances and illicit financial flows; innovative methods in development finance such as socially-responsible investment and faith-based finance; and mechanisms for blending public and private funding sources to support and sustain large infrastructure. The evolving area of climate finance, disaster risk reduction schemes, the role of FinTech in financial development, and rural credit markets are also discussed. The handbook also offers tools for the measurement of development finance impact on variables such as financial inclusion, sustainable economic growth and poverty reduction.

Fully situated in the context of the international monetary system and recent global regulatory changes, as well as current debates concerning sustainable development, this handbook will act as an authoritative reference for students, researchers, and policy makers in this rapidly growing field.

George Kararach is a Lead Economist in the Country Economics Department of the African Development Bank (AfDB) and Visiting Professor in Practice at the London School of Economics and Political Science (LSE), London, UK.

Emmanuel Pinto Moreira is the Director of the Country Economics Department of the African Development Bank (AfDB). He has about 25 years of experience in macro-fiscal growth, poverty, economic governance, trade and competitiveness in middle-income and low-income countries of the Middle East and North Africa, East-Asia, Latin America and the Caribbean, and sub-Saharan African regions.

Victor Murinde holds the AXA Chair in Global Finance and is the Founding Director of the Research Centre for Global Finance, at the School of Finance and Management, SOAS University of London.

Long description:

This handbook presents a wide-ranging and thorough overview of research topics and policy considerations in the field of development finance. The handbook brings together international contributions from both practitioners and academics to provide global, regional and national perspectives.

Chapters are devoted to global contexts for development finance (including the Sustainable Development Goals framework); development financial planning in country-specific settings; domestic resource mobilization for economic development; external sources of finance including aid, foreign direct investment, remittances and illicit financial flows; innovative methods in development finance such as socially-responsible investment and faith-based finance; and mechanisms for blending public and private funding sources to support and sustain large infrastructure. The evolving area of climate finance, disaster risk reduction schemes, the role of FinTech in financial development, and rural credit markets are also discussed. The handbook also offers tools for the measurement of development finance impact on variables such as financial inclusion, sustainable economic growth and poverty reduction.

Fully situated in the context of the international monetary system and recent global regulatory changes, as well as current debates concerning sustainable development, this handbook will act as an authoritative reference for students, researchers, and policy makers in this rapidly growing field.

Table of Contents:

General introduction by George Kararach, Emmanuel Pinto Moreira and Victor Murinde.- Chapter 1 : Financial development, economic growth and poverty reduction: general theory and recent advances.- Chapter 2 . Globalizing Banking Standards and the Impact of Recent Global Regulatory Initiatives.- Chapter 3 . Linking external finance to growth and development in recipient countries.- Chapter 4 : Translating Global Development Goals into National Financing Strategies.- Chapter 5 : Optimizing Finance for Development.- Chapter 6 : Tax policies for development.- Chapter 7 : Public Debt and the need of a Regional Financial Mechanism for Africa.- Chapter 8 :  Informal Banking for Development.- Chapter 10 : Trade Financing in Developing Countries.- Chapter 11 : How to Maximize the Domestic Development-Orientation of Foreign Direct Investment.- Chapter 12 :  International Migration and Remittances for Development.- Chapter 13 : Curbing Illicit Financial Flows.- Chapter 14 : Financing Infrastructure with Public-Private Partnership.- Chapter 15 : The Role and Importance of external donorfunded DFI?s.- Chapter 16 : Disaster Risk Financining.- Chapter 17 : FinTech, entrepreneurship and SME financing in developing and emerging countries.- Chapter 18 : Fintech and the evolution in financial inclusion.- Chapter 19 : Fintech Diffusion and Economic Growth.- Chapter 20 : Diaspora Bonds and Infrastructure Finance.- Chapter 21 :  Resource-backed loans as development finance: a reflection.- Chapter 22 : Rural credit markets and farmers? behaviours.