National Development Financial Institutions: Trends, Crisis Response Activities, and Lessons Learned
Description: This paper is a product of the World Bank Group’s Finance, Competitiveness and Innovation Global Practice with financial support from the FIRST Trust Fund. It was prepared by Eva Gutierrez (Lead Financial Sector Specialist in the Latin America and Caribbean Region) and Tatsiana Kliatskova (Financial Sector Economist in the South Asia Region). Jean Pesme (Global Director, EFNDR) and Cedric Mousset (Lead Financial Sector Specialist, EFNFS) provided overall guidance. We are grateful for the substantive feedback received from peer reviewers William F. Maloney (Chief Economist, Latin America and Caribbean Region), Carlos Pinerua (Program Manager, EFNFT), and Ugo Panizza (Professor, International Economics Pictet Chair in Finance and Development, Graduate Institute Geneva). We would also like to thank the World Bank Country Management Units covering countries mentioned in this paper, and in particular Country Directors Paloma Anos Casero (Brazil), Martin Raiser (China, South Korea), Ulrich Zachau (Colombia), Gallina A. Vincelette (Croatia, Poland), Pierre Frank Laporte (Ghana), Junaid Kamal Ahmad (India), Ndiame Diop (Malaysia), Mark Roland Thomas (Mexico), Renaud Seligmann (Russian Federation), Marie Francoise Marie-Nelly (South Africa), and Auguste Tano Kouame (Turkey), for their excellent cooperation. The team thanks Linda Stringer and Marcy Gessel of Publications Professionals LLC for editorial support and Diego Catto Val for design and layout assistance.
Pages: 49 pages
Author: Eva Gutierrez and Tatsiana Kliatskova
Publisher: World Bank group