External Finance for Private Sector Development

1. Front Matter

   Pages i-xxviii

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2. Foreign Financing of Developing Countries’ Private Sectors: Analysis and Description of Structure and Trends

   • Matthew Odedokun

   Pages 1-41

3. Comparative Appraisal of Multilateral and Bilateral Approaches to Financing Private Sector Development

   • Peter Gibbon, Lau Schulpen

   Pages 42-91

4. Bilateral Official and Non-Governmental Organizations’ Support for Private Sector Development

   • Ayodele Jimoh

   Pages 92-123

5. Multilateral Development Banks and Private Sector Financing: The Case of IFC

   • George Mavrotas

   Pages 124-146

6. Donors’ Support for Microcredit as Social Enterprise: A Critical Reappraisal

   • Machiko Nissanke

   Pages 147-179

7. Flow of Foreign Direct Investment in Developing Countries: A Two-part Econometric Modelling Approach

   • Oluyele Akinkugbe

   Pages 180-206

8. Flight Capital and its Reversal for Development Financing

   • Niels Hermes, Robert Lensink, Victor Murinde

   Pages 207-233

9. The ‘Pull’ and ‘Push’ Factors in North–South Private Capital Flows: Conceptual Issues and Empirical Estimates

   • Matthew Odedokun

   Pages 234-270

10. Back Matter

    Pages 271-276

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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.

• Developing Countries
• development
• foreign direct investment
• growth
• Poverty

'It seems that with each new book it issues, UNU-WIDER further establishes its reputation as the intellectual leader among international organisations.' -John Weeks, Professor of Development Economics, SOAS, University of London

• UNU/WIDER, Finland

  Matthew Odedokun

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

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