Optimizing finance for development (English)

The World Bank Group recently adopted the "cascade framework" to "maximize finance for development." The cascade recommends that reforms be tried first, followed by subsidies, and then public investments. To understand the economics of the cascade, this paper presents a model where reforms, subsidies, and public investments can be used to fill the investment gap, and computes the welfare associated with their different sequencing. The cascade is optimal...

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Author

Cordella,Tito;
Document Date
2018/01/29
Document Type
Policy Research Working Paper
Report Number
WPS8320
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2018/01/29
Disclosure Status
Disclosed
Doc Name
Optimizing finance for development
Keywords
financing development

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Citation

Cordella,Tito.

Optimizing finance for development (English). Policy Research working paper|no. WPS 8320 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/859191517234026362

Optimizing finance for development (English)

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