The global financial crisis and shrinking aid flows have led to decreased availability of long-term debt finance for Least Developed Countries (LDCs), particularly for infrastructure. On the other hand, resource-related foreign direct investment (FDI) in those countries has remained substantial. This note presents two models in which the natural resource wealth of LDCs has been used as a means to overcome the dearth of finance sources necessary for...
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2013/09/01
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Informativo
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81104
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1
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1
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2013/09/19
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Disclosed
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Resource-backed investment finance in least developed countries
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Poverty Reduction & Economic Management
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