The Role of Policy-Driven Institutions in Developing National Financial Systems for Long-Term Growth

dc.contributor.authorUnited Nations Environment Programme
dc.date.accessioned2016-10-11T20:16:01Z
dc.date.available2016-10-11T20:16:01Z
dc.date.issued2015
dc.descriptionPolicy-driven institutions such as national development banks (NDBs) and national green funds (NGFs) attract a growing interest to provide grants, credit-enhancement instruments or lend directly to project proponents in specific green sectors, with billions of dollars allocated by governments to support these interventions. As part of ongoing efforts to better understand their comparative effectiveness to deepen national financial systems, the paper discusses the role of NGFs in catalysing institutional innovations and facilitating access to long-term affordable finance for green, low carbon and climate resilient investment. It argues that the key added value of NGFs might rest in their capacity to foster institutional innovations and partner with other financial and regulatory institutions to increase the diversity and depth of local financial markets in order to enhance the domestic supply of green finance."
dc.identifier.urihttps://wedocs.unep.org/handle/20.500.11822/9791
dc.languageEnglish
dc.page.number28 p.
dc.rights.accessLevelPublic
dc.subjectfinancial policy
dc.subject.sdgSDG 16 - Peace, Justice and Strong Institutions
dc.titleThe Role of Policy-Driven Institutions in Developing National Financial Systems for Long-Term Growth
dc.typeCommunication or other resource
wd.identifier.old-id11806
wd.identifier.sdgiohttp://purl.unep.org/sdg/SDGIO_00000050

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