After a massive international campaign calling attention to the development impact of foreign debt, the Heavily Indebted Poor Countries (HIPC) initiative is now underway. But will the HIPC Initiative meet its high expectations? Will debt relief substantially raise growth? How do we make sure...

This book analyzes the new trends in capital flows to emerging markets since the Asian crisis, their determinants and policy implications. It explains why such flows have declined so dramatically in recent years, emphasising both structural and cyclical factors. Senior bankers, regulators, and...

KfW promotes microfinance investment funds and other activities that facilitate the growth of microfinance. This book is an expression of KfW's role as information broker. It offers a range of perspectives and themes related to microfinance investment, and its promotion

This book explores how better governance can help Africa to achieve structural transformation (understood to be the reallocation of factors of production across and within sectors to better support inclusive development), which history has shown to be key to sustained, inclusive growth. The book...

This book provides an up-to-date summary of the consequences of demographic aging for labor markets, financial markets, economic growth, social security schemes and public finances in Germany, essentially reflecting the present state of knowledge in any of these areas. Compared to other...

Introduction Foresighted Leading: Theoretical Innovations Based on the Economic Development in China -- The “New Deal” in Shunde: Foresighted Leading is Optimal Service -- Intelligent Foshan: the Road to Amalgamation of Industrialization, Urbanization and Internationalization via...

Accountability & Transparency: Cornerstones of Democratic Governance -- Will Ghana Avoid the resource Curse? -- Tackling Cultural Corruption -- Perceptions of Societal Corruption and Levels of Trust in Government -- Citizen Engagement in Fostering Democratic Governance in Rwanda --...

“This book provides much needed insights and knowledge about the growing world of multilateral development banks. By including twenty-five global, regional, and sub-regional banks, it systematically presents main features, challenges, and potentials of these important development institutions....

Chapter 1: Conceptual Issues and Historical Development of the Bretton Woods Financial Institutions -- Chapter 2: Assessing How Well the Bretton Woods Financial Institutions Fulfill Their Mandate -- Chapter 3: Assessing How Well the Regional Development Banks Fulfill Their Mandate -- Chapter 4:...