|Title||Capital Plus - The Challenge of Development in Development Finance Institutions|
|Author||Development Finance Forum|
|Content Language||English (en)|
|Date Of Publication||2004|
|Description||This paper is an executive summary of a position paper written by members of the Development Finance Forum (the Forum), a group of practitioners that has met for a week each year since 1997. The Forum members use the term “development finance institutions” (DFIs) to refer to diverse institutional forms, customer strategies, and products, which include microcredit, loans to small and medium sized businesses, and investments in housing projects and community facilities.
The paper is aimed at other practitioners and socially-minded investors and donors. Its aim is to set out, from a practitioner’s perspective, some of the pressing issues facing DFIs that choose to have a “double bottom line” – of profitability and social impact – and to offer thoughts about how best to approach these issues. To survive and be useful they must be sustainable. And to be useful developmentally they must work towards social and economic impact.
The authors see the tool of capital as the glue around which other tools – technical assistance, information services, environmental remediation, sectoral interventions, and more – adhere. They argue that not only are these other tools attracted to capital, they are made more effective by it.
This paper summarises the seven section of the main position paper written by the Forum. These are:|
- The Personal and the Institutional: Pioneering, Growing and Other Tensions
- Social Capital
- Accountability and Social Impact
- Smart Subsidy
- The Enabling Environment
|Publisher||Development Finance Forum|
|Number of Pages||28 pp|
|Keywords|| DEVELOPMENT, SUSTAINABILITY, IMPACT|