International Financial Centres and Development Finance
Jan 31, 2019 | J. Tyson | ODI
Economic growth in some of the world’s poorest nations is being held back by a lack of financing. International financial centres (IFCs) have a crucial role to play in mobilising such finance as they can provide secure jurisdictions, fund structuring and tax neutrality for both private investors and public-private co-financing. Development finance institutions (DFIs), with extensive experience in the field and a mandate to raise finance for development, support the use of IFCs. They provide strong evidence of the value of IFCs compared with alternative methods of mobilising finance for development.