AFD Public Development Banks. The Reference Book

A perfect summary of lessons learned from decades of financing development . Development banks are key players in fostering economic growth andsustainable development, including through the financing long-termprojects with large developmental impacts underserved by the privatesector and through the provision of countercyclical support duringcrises. They are receiving renewed attention by policy makers and newinstitutions have been created in the last two decades.
This book consolidates information on public development banks, exploring what characteristics support their effectiveness and their rolein financing sustainable development. It emphasizes the importance ofmaintaining profitability, strong governance, risk management, effectivemonitoring and evaluation systems, and cooperation for maximizingimpact. Development banks address market failures and catalyze privatesector finance, generating "additionality" through impactful projects.
The book builds on the Finance in Common System (FiCS) a globalinitiative conceived to promote stronger collaboration among developmentbanks to boost and align financial flows to the benefit of the SDGs."A new era for public development banks."Joseph Stigliz, Nobel Prize in Economics"An essential resource for those seeking to betterunderstand and harness the transformative powerof public development banks."Li Junhua, Under-Secretary-General of UNDESA"PDBs provide a unique service: they bridge governmentsand the private sector, translating national and internationalpolicies into local solutions."Rémy Rioux, Chairman of FiCS and CEO of Agence Françaisede Développement (AFD)