Public External Financing of Development Banks in Developing Countries

By Robert W. Adler; Raymond F. Mikesell | Go to book overview

CHAPTER IV
Operations and Policies of International Public Lending Agencies in Relation to Industrial Development Banks

As has already been noted, each of the major external public lending agencies (the World Bank Group, AID, IDB, and the Eximbank) has provided financial and technical assistance to industrial development banks, and all of them with the exception of the Eximbank have actively promoted their establishment. The nature and degree of participation in these activities differ substantially among the external financing agencies. This is a reflection partly of differing approaches and philosophies and partly of the functions and of the amounts and types of resources, both financial and technical, available to the external agencies. While AID has provided the largest volume of financing to industrial development banks, both in dollars and in local currencies, the IDB has made available the largest proportion of its total loans to intermediate credit institutions. Thus, for example, as of December 31, 1964, about one third of the IDB's loans from its Ordinary Capital Resources and nearly 40 per cent of its loans from the Fund for Special Operations had been made to intermediate credit institutions for re-lending to private enterprise, with the ultimate borrowers about equally divided between industry and agriculture. The World Bank Group has provided financial and technical assistance in this field almost entirely to private development banks, whereas the other external institutions have assisted both privately and publicly owned development financing institutions. The IFC has provided equity financing to industrial development banks, but such financing has not been available from the other external agencies.

In the following sections, we shall discuss the operations and policies of these external agencies with respect to industrial development banks under the following headings: 1) approaches to industrial development banking; 2) terms and conditions of external financing; and 3) conditions relating to sub-loans and equities.

Data on loan and equity investments of the major external public lending agencies in industrial development banks are summarized by external lending agency in Appendix A, Table 4. The compilation of these data is complicated by a certain amount of ambiguity in the concept of an industrial development bank, arising partly because some institutions serve more than one function, and partly because external lending agencies frequently employ a government development institution such as the Nacional Financiera of Mexico or CORFO of Chile as an instrument through which loans are made for specific projects which the external

-37-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
Public External Financing of Development Banks in Developing Countries
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
/ 89

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.