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    Open Books: How development finance institutions can be transparent in their financial intermediary lending, and why they should be

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    Author(s)
    Donaldson, Christian
    Hawkes, Shona
    Publication date
    2018-10-16
    Subject
    Inequality
    Rights
    Keywords
    Accountability
    Development finance institutions
    Disclosure
    Financial intermediaries
    Project finance
    Transparency
    
    Metadata
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    Publisher(s)
    Oxfam
    Document type
    Briefing paper
    Description

    Development finance institutions (DFIs) have recognized the importance of openness and transparency in projects they finance directly, yet they have not extended this to high-risk projects financed through their financial intermediary clients. As DFIs are increasingly providing financing through financial intermediaries, Oxfam has outlined a suggested framework, Open Books for High-Risk Financing, which proposes a set of principles to systematize and enhance disclosure in financial intermediary lending. This report shows that DFIs are out of excuses and that the time is right to take a decisive step towards more transparency in their intermediary operations. If they do not, it will be vulnerable communities who bear the greatest consequences.

    Pages
    38
    DOI
    10.21201/2018.3491
    ISBN
    978-1-78748-349-1
    URI
    http://hdl.handle.net/10546/620559
    Additional Links
    https://policy-practice.oxfam.org.uk/publications/open-books-how-development-finance-institutions-can-be-transparent-in-their-fin-620559
    ae974a485f413a2113503eed53cd6c53
    10.21201/2018.3491
    Scopus Count
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