Formulation of a Model for the Management of International Co‐Financing

Abstract

International co‐financing for development has been a recent innovation of the international banking industry. The World Bank has pioneered the role of “development agency” replacing the more traditional role of “bank” and mobilising other private capital for the development of Third World nations. It is an efficient way of diverting more capital from developed to developing nations, stimulating and accelerating development. A new model based on local, cultural and management attitudes is proposed using the co‐financing formula as the central part of the international funding activity for the development of Third World nations. The goal of this model is not that it should replace all kinds of international projects but stimulate and increase those activities which are more consistent with economic growth. In this way the trend towards development will show real improvement for those countries which already have a socio‐economic infrastructure capable of taking advantage of international financing.

Citation

Grimaldi, A. (1986), "Formulation of a Model for the Management of International Co‐Financing", International Journal of Bank Marketing, Vol. 4 No. 3, pp. 31-42. https://doi.org/10.1108/eb010782