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Blog Post
December 15, 2020
What impact do development finance institutions (DFIs) like the IFC have on actual development? Today, George Yang and I release a paper that tries to take a sectoral approach to impact: does an IFC electricity investment lead to more power production per capita in a country, or financing provided t...
Blog Post
October 19, 2020
As the possibility of a new Cold War between the US and China gains traction in some foreign policy circles, the scale of Chinese development finance has taken center stage. A closer examination suggests the cost to China of this lending is distinctly underwhelming. It would be cheap for the US and ...
Blog Post
June 10, 2020
How should member countries of the OECD's Development Assistance Committee classify their support to private sector investments in developing countries though development finance institutions? Either way, donors have decided that DFIs are in the aid business. And that means that DFIs shoul...
Blog Post
March 12, 2020
When development finance institutions (DFIs) use subsidies to support private firms in developing countries, they fundamentally change the nature of their business. To ensure the maximum development impact of scarce aid resources, subsidies should be competitive wherever possible, capped if not comp...