Comparative analysis of financing instruments used by development finance institutions: lessons for Brics Development Bank

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dc.contributor.advisorOcran, Matthewen_ZA
dc.contributor.authorNtsaluba, Sango Siviween_ZA
dc.date.accessioned2018-11-02T09:31:45Z
dc.date.available2018-11-02T09:31:45Z
dc.date.issued2014en_ZA
dc.description.abstractFinancing instruments are the means by which development finance institutions carry out their mandate of addressing the socio-economic needs of the country, group of countries or a region. It is of great importance that the development and application of financing instruments should be in line with the objectives for which the development finance institutions were established. The literature reviewed was intended to establish the reasons for the existence of development finance institutions and their role in private sector development. Furthermore, literature was reviewed to establish various financing instruments developed and applied by development finance institutions. The study is premised on the fact that new DFIs can be complementary thus an assessment of DFIs will provide instrument and sectoral gaps which the BRCIS Bank can take advantage of. As such, the study was to examine the financing instruments that development finance institutions (DFIs) use to address their economic objectives and identify lessons for the BRICS (Brazil, Russia, India, China and South Africa) Development Bank. The study employed the qualitative exploratory research strategy. Documents and in-depth interviews were used as data. The sample included major multilateral, regional and bilateral development finance institutions operating in developing economies, including BRICS countries. The author established that there are varied founding objectives of development finance institutions and that there is wide use of traditional financing instruments of debt and equity. However, there is limited use of innovative financing instruments such as project finance and those applied in Public Private Partnerships (PPPs). The main recommendation made is that BRICS Bank should take advantage of the existing instrument and sectoral gaps if it is going to survive not only as a competitor but a complementary DFI. In addition it should consider the introduction of innovative instruments that take into account developing and emerging economies realities. In light of mission drift and agency issues the BRICS Bank should have robust governance and monitoring and evaluation frameworks that will ensure that its founding objectives are pursued.en_ZA
dc.identifier.apacitationNtsaluba, S. S. (2014). <i>Comparative analysis of financing instruments used by development finance institutions: lessons for Brics Development Bank</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,Research of GSB. Retrieved from http://hdl.handle.net/11427/28993en_ZA
dc.identifier.chicagocitationNtsaluba, Sango Siviwe. <i>"Comparative analysis of financing instruments used by development finance institutions: lessons for Brics Development Bank."</i> Thesis., University of Cape Town ,Faculty of Commerce ,Research of GSB, 2014. http://hdl.handle.net/11427/28993en_ZA
dc.identifier.citationNtsaluba, S. 2014. Comparative analysis of financing instruments used by development finance institutions: lessons for Brics Development Bank. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Ntsaluba, Sango Siviwe AB - Financing instruments are the means by which development finance institutions carry out their mandate of addressing the socio-economic needs of the country, group of countries or a region. It is of great importance that the development and application of financing instruments should be in line with the objectives for which the development finance institutions were established. The literature reviewed was intended to establish the reasons for the existence of development finance institutions and their role in private sector development. Furthermore, literature was reviewed to establish various financing instruments developed and applied by development finance institutions. The study is premised on the fact that new DFIs can be complementary thus an assessment of DFIs will provide instrument and sectoral gaps which the BRCIS Bank can take advantage of. As such, the study was to examine the financing instruments that development finance institutions (DFIs) use to address their economic objectives and identify lessons for the BRICS (Brazil, Russia, India, China and South Africa) Development Bank. The study employed the qualitative exploratory research strategy. Documents and in-depth interviews were used as data. The sample included major multilateral, regional and bilateral development finance institutions operating in developing economies, including BRICS countries. The author established that there are varied founding objectives of development finance institutions and that there is wide use of traditional financing instruments of debt and equity. However, there is limited use of innovative financing instruments such as project finance and those applied in Public Private Partnerships (PPPs). The main recommendation made is that BRICS Bank should take advantage of the existing instrument and sectoral gaps if it is going to survive not only as a competitor but a complementary DFI. In addition it should consider the introduction of innovative instruments that take into account developing and emerging economies realities. In light of mission drift and agency issues the BRICS Bank should have robust governance and monitoring and evaluation frameworks that will ensure that its founding objectives are pursued. DA - 2014 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2014 T1 - Comparative analysis of financing instruments used by development finance institutions: lessons for Brics Development Bank TI - Comparative analysis of financing instruments used by development finance institutions: lessons for Brics Development Bank UR - http://hdl.handle.net/11427/28993 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/28993
dc.identifier.vancouvercitationNtsaluba SS. Comparative analysis of financing instruments used by development finance institutions: lessons for Brics Development Bank. [Thesis]. University of Cape Town ,Faculty of Commerce ,Research of GSB, 2014 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/28993en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentResearch of GSBen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherDevelopment Financeen_ZA
dc.titleComparative analysis of financing instruments used by development finance institutions: lessons for Brics Development Banken_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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