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Rethinking The Role of National Development Banks

Ad Hoc Expert Group Meeting (New York, 1-2 December 2005). Rethinking The Role of National Development Banks. Overview. Issues. Next Steps. Ad Hoc Expert Group Meeting. Description Will address issues contained in the Monterrey Consensus : See Background Document, p.5 Purpose

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Rethinking The Role of National Development Banks

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  1. Ad Hoc Expert Group Meeting (New York, 1-2 December 2005) Rethinking The Role of National Development Banks Financing for Development Office

  2. Overview Issues Next Steps Financing for Development Office

  3. Ad Hoc Expert Group Meeting • Description • Will address issues contained in the Monterrey Consensus : • See Background Document, p.5 • Purpose • Enhance the role of National Development Banks (NDBs) in promoting economic and social development.  Financing for Development Office

  4. Ad Hoc Expert Group Meeting • Desired Outcome: • Advance on research project for “Multi-stakeholder consultations on Rethinking the Role of National Development Banks”: themes, organization • Ultimately produce document on “Enhancing the role of National Development Banks” to serve as input to the General Assembly • Partners and Participants: Governments, Aid Agencies andselected National Development Banks, the World Bank, Regional and Sub-Regional Development Banks, institutions that gather together National Development Banks, Regional Commissions of the U.N., the Private Sector and Civil Society. Financing for Development Office

  5. Issues Next Steps Overview Financing for Development Office

  6. Definitions Many definitions for NDBs since 1945 • “An institution to promote and finance enterprise in the private sector” (Diamond, 1957), • “A financial intermediary supplying long-term funds to bankable economic development projects and providing related services” (Kane, 1975) • “Institutions public or private which have as one of their principal functions the making of medium or long term industrial projects” (Boskey, 1959). • “Financial institutions primarily concerned with offering long-term capital finance to projects generating positive externalities and hence underfinanced by private creditors” (Panizza 2004). Financing for Development Office

  7. National Development Banking Pyramid Actions (Five A’s) Appraise Accompany Attract Assist Alleviate Financing for Development Office

  8. The Five A’s of National Development Banking See Background Document p.16 Financing for Development Office

  9. Possible Areas of Focus Impact on Growth / Feasibility Possible themes Specific issues • Long term Financing • Capital Market Development • Promotion of Public – Private Projects • SME Support • Technical Assistance • Risk mitigation • Countercyclical financing Horizontal Governance Organization and management Training and Expertise Best practices Vertical Common or Particular Strategies Cooperative Processes Financing for Development Office

  10. Issues Next Steps Overview Financing for Development Office

  11. Agree on Themes and Organization Today Sessions II to VI: Analysis Presentations by Experts Generate discussion Identify key issues to be addressed by future consultations Session VII: Next Steps Financing for Development Office

  12. Broad Sequencing (Example) January 2006 January 2007 September 2007 December 2005 1 2 3 4 Group Meeting Consultations Output and Follow-up Sustainability Group Meeting Consultations Output and Follow-up Sustainability • Narrow down themes for issues of long term financing, private sector resources, capacity building • Identify some of the priority questions to address • Seek partners from relevant institutions and establish communication and partnership • Suggest required research and solicit papers by academics and practitioners Substantive Tasks • Plan research project’s suggested consultations for 2006, according to selected themes or to regional preferences • Advance on possible funding and on organizational support to establish a provisional agenda Logistics Financing for Development Office

  13. www.un.org/esa/ndb.htm Financing for Development Office

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