New study assesses development finance and institutional resilience in emerging markets
London
The Institute’s new policy brief examines how the design of development finance interacts with the strength of domestic institutions, and why similar instruments produce very different results.
The International Research Institute has published “Development Finance and Institutional Resilience in Emerging Markets”, a policy brief on how the design of concessional and blended finance interacts with the strength of the institutions that receive it.
Drawing on comparative country evidence, the brief considers why similar financing instruments produce markedly different outcomes across settings, and what that implies for the sequencing of finance and institutional reform.
“The instrument matters less than the institutions it lands in,” said Director of Research Karolina Nowak-Dubois. “Our aim is to make the conditions under which development finance works, and where it does not, legible to the bodies that deploy it.”
Forward-looking figures in the brief are presented as scenario ranges with stated assumptions rather than as point forecasts. It states its methods, data and funding, and is published under a licence permitting reuse with attribution.
The full brief and its data appendix are available in the Institute’s publications library.