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Lessons for Development Banking from the EIB. Judith Tyson SOAS, University of London. Why the European Investment Bank?. Very successful in financing European development Traditional development bank Combined with innovation. “Traditional” development bank. “Missing markets” - PowerPoint PPT Presentation
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Lessons for Development Banking
from the EIBJudith Tyson
SOAS, University of London
Very successful in financing European development
Traditional development bankCombined with innovation
Why the European Investment Bank?
“Missing markets” Long-term, large scale financing
◦ Beyond capacity of individual states◦ Common-interest projects
Anti-cyclical & shock financing◦ Highly relevant in recent crisis◦ Essential to macroeconomic stabilization
“Traditional” development bank
“Smart, sustainable & inclusive growth”
Green infrastructure◦ Huge scale & timeframe for projects◦ Externalities of costs of inaction
High-value employment◦ Research and development◦ Enabling infrastructure
Innovation in policy...
Bank has taken risk!Bank has focused on results!Partnerships with private sector
Innovation in execution... Risk & results!
Traditional role critical◦ Missing markets◦ Anti cyclical and shock financing
Be bold! ... ◦ Risk takers & innovators focused on results, not
protecting banks capital◦ “Use” the private sector◦ Policy: ... leapfrogging” to green technology
The new BRICS bank?
Developing country lessons
“The European Investment Bank: Lessons for Developing Countries”. S. Griffith-Jones and J Tyson. UN Wider, 2012
“The European Investment Bank and SMEs: Key Lessons for Latin America & the Caribbean”. S. Griffith-Jones and J Tyson. CEPAL, 2011
“The European Investment Bank and its Role in Regional Development and Integration” Griffith-Jones, S, and Tyson, J, n 'The Transformations of the International Financial System' edited by Cintra, Marcos Antonio Macedo & Gomes, Keiti da Rocha, 2012
“Reform of the European Investment Bank: How to upgrade the EIB's role in development”. Griffith-Jones, S and Tyson, J 2011. European Parliament's Committee on Development
Further references