The financing of long-term growth in developing countries has become more of a problem every year. In the following article one particular new financial instrument — Growth Participation Units — is discussed as a particular way to attract private sector long-term financing of development.

Finaciial innovations are viewed almost universally as a new dimension in international debt management. The following article analyses the direct and indirect effects of using various types of new financial instrument to ease the debt burden. It considers the question whether new forms of...

In the run-up to the 'follow-up international conference on financing for development' to be held in Doha from November 28 to December 2, 2008, it seems particularly timely to collect in one book writings on the various market-based innovative methods of raising development finance. Although...

This paper investigates the impact of mobile financial services – MFS (mobile money, and mobile credit and savings) on the informal sector. Using both parametric and non-parametric methods on panel data from 101 emerging and developing countries over the period 2000-15, we find that MFS...