Arbeitspapier
Local Currency Financing--The Next Frontier for MDBs?
This paper surveys the issues involved in local currency financing by multilateral development banks (MDBs). While MDBs have traditionally provided financing in foreign currency to their borrowers, greater sensitivity by borrowers to potential currency mismatches, political decentralization, and the development of local capital markets have recently led MDBs to consider providing financing in local currency. While still small in comparison to MDBs' foreign currency financing, this paper argues that local currency financing will evolve into an increasingly important financing mode for MDBs. The paper addresses the key benefits and challenges, and provides an overview of the current policies and experience of the major MDBs in this rapidly growing area.
- Language
-
Englisch
- Bibliographic citation
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Series: ERD Working Paper Series ; No. 68
- Classification
-
Wirtschaft
- Subject
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Entwicklungshilfe
Entwicklungsfinanzierung
Internationaler Kredit
Währung
- Event
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Geistige Schöpfung
- (who)
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Hoschka, Tobias C.
- Event
-
Veröffentlichung
- (who)
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Asian Development Bank (ADB)
- (where)
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Manila
- (when)
-
2005
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Hoschka, Tobias C.
- Asian Development Bank (ADB)
Time of origin
- 2005
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