Development finance is a branch of development studies that deals with financing of economic and social development. It typically involves of both the mobilisation and dispersion of domestic and international sources of fiance. At the international level Foreign Aid, in particular Official Development Assistance (ODA), Development aid and charitable and philanthropic contributions, and Foreign Direct Investment (FDI), and flows of remittances from overseas workers are looked at. Domestically both the traditional banking sector and the less formal sectors are investigated as is Microfinance. The activities and role of Development finance institutions (DFIs) both national and international ones form a large part of the subject matter analysed.[1][2][3][4]
Tony Atkinson (2004), concentrating on looking for new sources of funding development, lists the following:[5]
- Global environmental taxes
- Currency transactions tax (Tobin tax)
- Special Drawing Rights (SDRs)
- International Finance Facility (IFF)
- Private donations
- Global lotteries or premium bonds
- Remittances from emigrants
- ^ Spratt, S. (2008). Development Finance. Routledge.
- ^ Rao, Pinninti K. (2003) Development finance. Springer Science & Business Media
- ^ Addison, T., Mavrotas, G., & McGillivray, M. (2005). Development assistance and development finance: evidence and global policy agendas. Journal of International Development: The Journal of the Development Studies Association, 17(6), 819-836.
- ^ Yindenaba Abor, J., Charles Komla Delali Adjasi, Robert Lensink (2021) Contemporary Issues in Development Finance, Routledge
- ^ Atkinson, A. B. ed (2004). New sources of development finance. Oxford University Press.