Innovative Financing for Development

This book argues that poor countries need additional, cross-border capital channeled to the private sector for employment generation, growth, and poverty reduction. For that, innovative financing mechanisms are necessary. The volume brings together various market-based innovative methods of raising development finance including securitization of future flow receivables, diaspora bonds, and the role of shadow sovereign ratings in facilitating access to international capital markets.

Published: September 2008

Published by: World Bank

Edited by: Ketkar, Suhas; Ratha, Dilip K. - KETKAR, SUHAS; RATHA, DILIP K.

Keywords
bonds; developing countries; development finance; economic development; Indexed bonds; international bank; telecommunications; remittance; sovereign debt; sovereign ratings