DPF Roundtable
Innovative financial techniques for the developing world
Thursday, November 05, 2009
 
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 Development Policy Forum (DPF) Roundtable

Thursday 5 November 2009

Innovative Financial techniques for the developing world

 

11.30 - 12.00 Welcome & Registration of Participants
12.30 - 13.30

Session I - Finance for All

 

Antonique Koning

Programme Coordinator, EU/ACP Microfinance Framework Programme, Consultative Group to Assist the Poor (CGAP)

José Antonio Olavarrieta Arcos

President of the World Savings Banks Institute (WSBI) and Director General of the Spanish Savings Banks Confederation (CECA)

Graham A.N. Wright

Programme Director, MicroSave, India

Channelling investment funds to small and medium-sized businesses is a major headache for public authorities in the world’s richest nations, and even more so in the developing world. According to recent research, levels of access to finance in developing countries such as Tanzania, Nicaragua, Armenia and Liberia are as low as 5 to 11 percent. Techniques for making appropriately small amounts of investment capital available to infant businesses and micro entrepreneurs have, however, become highly inventive. Appropriate vehicles have also been developed to meet diversifying local needs (credit, insurance, savings, etc). Who are the major players in the worldwide services sector, and what do international agencies and the governments of developing countries still need to do to help remove the barriers to microfinance?

Moderated by Giles Merritt, Secretary General of Friends of Europe, and Gie Goris, Editor-in-Chief of MO*
 
13.30 - 14.30 Buffet Lunch
 
14.30 - 16.00

Session II - Winning Innovations

 

Paul Baloyi

Director and Chief Executive Officer of the Development Bank of Southern Africa

Enrique Guerrero Salom MEP Member of the European Parliament Committee on Development and the Delegation to the ACP-EU Joint Parliamentary Assembly

Andrew Mold

Senior Economist, Head of the Finance for Development Unit, OECD Development Centre

The financing gap in developing countries requires increased efforts to find and adopt innovative financing approaches. Although innovative financing includes non-traditional applications of official development assistance (ODA) as well as joint public-private and private mechanisms, it should not be viewed as a substitute but rather a stable and predictable complement to ODA. New resources, new sectors for action and new instruments for development need to be explore. What instruments could be expanded or introduced? How should existing and new resources be coordinated, mobilised and channelled? Should tax or levy options such as airline levies be further examined? How can the impact of financial remittances on development in recipient countries be improved? How can innovative financing mechanisms and instruments be better tailored to the needs of developing countries in order to make development finance more effective?

 
Moderated by Giles Merritt, Secretary General of Friends of Europe , and Gie Goris, Editor-in-Chief of MO*
Friends of Europe