External Finance for Private Sector Development Appraisals and Issue
Foreign finance for private sector development (PSD) has become popular with the donor community and in multilateral development policy fora, seen as an antidote for recipient economies' aid dependency and a way of accomplishing growth, poverty reduction
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Studies in Development Economics and Policy General Editor: Anthony Shorrocks UNU WORLD INSTITUTE FOR DEVELOPMENT ECONOMICS RESEARCH (UNU/ WIDER) was established by the United Nations University as its first research and training centre and started work in Helsinki, Finland, in 1985. The purpose of the Institute is to undertake applied research and policy analysis on structural changes affecting the developing and transitional economies, to provide a forum for the advocacy of policies leading to robust, equitable and environmentally sustainable growth, and to promote capacity strengthening and training in the field of economic and social policy-making. Its work is carried out by staff researchers and visiting scholars in Helsinki and through networks of collaborating scholars and institutions around the world. UNU World Institute for Development Economics Research (UNU/WIDER) Katajanokanlaituri 6 B, FIN-00160 Helsinki, Finland Titles include: Ricardo Ffrench-Davis and Stephany Griffith-Jones (editors) FROM CAPITAL SURGES TO DROUGHT Seeking Stability for Emerging Economies Aiguo Lu and Manuel F. Montes (editors) POVERTY, INCOME DISTRIBUTION AND WELL-BEING IN ASIA DURING THE TRANSITION Robert J. McIntyre and Bruno Dallago (editors) SMALL AND MEDIUM ENTERPRISES IN TRANSITIONAL ECONOMIES Vladimir Mikhalev (editor) INEQUALITY AND SOCIAL STRUCTURE DURING THE TRANSITION E. Wayne Nafziger and Raimo Väyrynen (editors) THE PREVENTION OF HUMANITARIAN EMERGENCIES Matthew Odedokun (editor) EXTERNAL FINANCE FOR PRIVATE SECTOR DEVELOPMENT Appraisals and Issues Laixiang Sun (editor) OWNERSHIP AND GOVERNANCE OF ENTERPRISES Recent Innovative Developments
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External Finance for Private Sector Development Appraisals and Issues Edited by
Matthew Odedokun UNU/WIDER
in association with the United Nations University/ World Institute for Development Economics Research
© United Nations University 2004 Softcover reprint of the hardcover 1st edition 2004 978-1-4039-2091-1 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No paragraph of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, 90 Tottenham Court Road, London W1T 4LP. Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. Th
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