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Whither the new development finance? Reflections on the third Frankfurt seminar
This report summarizes and reflects upon proceedings of the third annual seminar on New Development (NDF) held in Frankfurt in September 1999. It starts by defining the NDF as both a critique of state sponsorshipof financial services, and a defence of market-driven financial innovation. It then reviews current issues addressed by the seminar at organizational, client/product and financial system levels. This suggests
greater acceptance of a diversity of approaches to promoting financial development, and lower expectations of what microfinance on its own can achieve. The review concludes that it is no longer easy or
helpful to distinguish 'new' development finance from the mainstream.
This report summarizes and reflects upon proceedings of the third annual seminar on New Development (NDF) held in Frankfurt in September 1999. It starts by defining the NDF as both a critique of state sponsorship
of financial services, and a defence of market-driven financial innovation. It then reviews current issues addressed by the seminar at organizational, client/product and financial system levels. This suggests
greater acceptance of a diversity of approaches to promoting financial development, and lower expectations of what microfinance on its own can achieve. The review concludes that it is no longer easy or
helpful to distinguish 'new' development finance from the mainstream.
of financial services, and a defence of market-driven financial innovation. It then reviews current issues addressed by the seminar at organizational, client/product and financial system levels. This suggests
greater acceptance of a diversity of approaches to promoting financial development, and lower expectations of what microfinance on its own can achieve. The review concludes that it is no longer easy or
helpful to distinguish 'new' development finance from the mainstream.
Aid Impact and Poverty Reduction
Flexible Standards for Controlled Empowerment? Microfinance as a Case-Study of Aid Management
Copestake, James
2006
https://doi.org/10.1057/9781403984555_3 [Citations: 0]Tabs navigation
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