Man and Africa: A Ciba Foundation Symposium jointly with the Haile Selassie I Prize Trust under the patronage of His Imperial Majesty Haile Selassie I, Emperor of Ethiopia, Taxation and Economic Development in Tropical Africa and Development Bank Lending in Nigeria: The Federal Loans Board

1966 ◽  
Vol 42 (2) ◽  
pp. 323-324
Author(s):  
Robert B. Sutcliffe
Keyword(s):  
Economic Development ◽  
Bank Lending ◽  
Development Bank ◽  
Ciba Foundation Symposium ◽  
Tropical Africa ◽  
Federal Loans

Debt and International Organizations

2021 ◽  
Author(s):  
Pablo Nemiña ◽  
María Emilia Val
Keyword(s):  
International Political Economy ◽  
Bank Lending ◽  
Labor Rights ◽  
Development Bank ◽  
Financial Decisions ◽  
Early 21St Century ◽  
Long Run ◽  
Financial Interests ◽  
Negative Impacts ◽  
Political Spectrum

International financial organizations that lend to developing countries are the subject of controversy. Their functions, structures and effectiveness have generated important debates across disciplines, analysts and positions on the ideological-political spectrum. What interests and logic motivate the international financial institutions’ (IFIs) loans? Following an international political economy perspective and mainly based on the literature produced in the early 21st century, we analyze the role played by three variables: the geopolitical and financial interests of powerful global actors, institutional and bureaucratic logic, and the borrower’s interest and domestic policy. These three variables interact and influence the financial decisions made by the International Monetary Fund (IMF), the World Bank, and the major regional development banks (the Inter-American Development Bank [IADB], Asian Development Bank [AsDB], and African Development Bank [AfDB]). On the other hand, what are the main economic and political effects in the recipient countries? The IMF’s credit tackles balance-of-payments crises mainly through adjusting domestic output and consumption, which usually has negative social costs. Development bank lending has diverse effects. Although it tends to boost growth and strengthen domestic accountability, it does not always guarantee the attainment of development goals. In this sense, the literature has found negative impacts on labor rights and forestry, while improvements in health and education cannot always be sustained in the long run.

Explaining Bureaucratic Independence in Brazil: The Experience of the National Economic Development Bank

1995 ◽  
Vol 27 (3) ◽  
pp. 625-661 ◽  
Author(s):  
Eliza J. Willis
Keyword(s):  
Economic Development ◽  
Civil Servants ◽  
Development Bank ◽  
Personnel Recruitment ◽  
National Economic ◽  
Economic Elites ◽  
National Economic Development ◽  
Getulio Vargas ◽  
Effective Development ◽  
Development Institution

AbstractThis article assesses competing explanations of the independence from political and economic elites achieved by Brazil's Banco Nacional de Desenvolvimento Econömico (BNDE) during the 1950s. Whereas others have stressed the actions taken by Presidents Getúlio Vargas and Juscelino Kubitschek, I attribute the Bank's remarkable independence to a cadre of innovative civil servants. In this account, independence is measured by control over personnel recruitment, loan allocation, and generation of funds. The considerable control BNDE bureaucrats exercised over personnel recruitment and loan allocation countered their limited control over funding, permitting the Bank to become an independent and effective development institution.

scholarly journals The Future of Banking System and Economic Development in Nigeria

2015 ◽  
Vol 20 (1) ◽  
Author(s):  
Olu Ajakaiye ◽  
M. Adetunji Babatunde
Keyword(s):  
Economic Development ◽  
Business Model ◽  
Commercial Banks ◽  
Banking System ◽  
Bank Lending ◽  
Real Sector ◽  
The Real ◽  
Access To Credit ◽  
The Future ◽  
Banking Business

This study examined the future of banking system and economic development in Nigeria in the context of the demand following hypothesis. Although, the Nigerian economy has witnessed steady growth, the productive base of the economy is narrow. This therefore requires that banks must engage in an effective financial intermediation process to aid the transformation of the real sector as an engine of growth. However, while the deposits mobilized and assets base of the commercial banks has increased in leap and bounds, the real sector access to credit is on the decline. Rather, the bulk of the funds are invested on government short term securities given their risk free characteristics which reflect the lazy bank syndrome. Prohibitively high cost of credit and existence of hidden charges also inhibit real sector access to commercial banks loan. Hence, to reconnect the banking system with the real sector, there is a need to discourage armchair banking business model and encourage supportive banking business model, lending and secure appropriate maturity profile of loans to the real sectors, promote modified collateral bank lending model, and encourage specialization of bank branches. These are expected to aid the growth of the real sector and fast track the process of economic development in Nigeria.

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