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 and empowerment. This book analyzes the pattern of foreign finance for PSD and examines multilateral and bilateral donors' practices in PSD financing, giving special attention to microfinance and microenterprises. It also models and explains private capital flows from developed to developing countries and reverse flows in the form of capital flight.
OLUYELE AKINKUGBE Senior Lecturer in the Department of Economics at the University of Botswana
PETER GIBBON Programme Leader at the Institute for International Studies (formally CDR), Copenhagen
NIELS HERMES Teaches Economics at the Faculty of Management and Organization, the University of Groningen, The Netherlands.
AYODELE JIMOH Senior Lecturer at the University of Ilorin, Nigeria
ROBERT LENSINK Professor in Finance and Financial Markets at the Department of Finance, the University of Groningen, The Netherlands
GEORGE MAVROTAS Research Fellow at UNU/WIDER, Helsinki, Finland
VICTOR MURINDE Professor of Development Finance at the University of Birmingham, UK
MACHIKO NISSANKE Reader in Economics at the School of Oriental and African Studies, University of London, UK
LAU SCHULPEN Head of the Postgraduate Programme at the Centre for International Development Issues, Nijmegen