Welcome to the Website of the Financing Development Program
About the Program...
Financing Development
Access to financial capital can be a crucial determinant of countries’ prospects for development. At the same time, the sources of financing available to inhabitants of developing countries, the terms upon which financing is provided and the kinds of projects being financed have become increasingly varied. Financing development as a field of practice now encompasses transactions as diverse as sovereign bond offerings, foreign aid, project finance, development banking, micro-finance and carbon finance, as well as certain kinds of insurance products and derivative instruments. This expansion in the range of transactions encompassed by financing development as well as the range of participants in those transactions, merits closer attention and analysis. Similarly, the background legal norms that influence both the contents of individual financial agreements and the governance of the institutions that sign on to them represent critically important, yet poorly understood features of the global legal order. The research program on financing development will not only map out that legal order but also examine the processes influencing its emergence, its social and economic implications, and the scope for innovation.
A Framework: For a fuller description of the project see: Kevin Davis, “Financing Development as a Field of Practice, Study and Innovation” Acta Juridica (forthcoming), available online at: http://www.iilj.org/courses/documents/FinancingDevelopmentActaJuridica.pdf.
Coursework: For an example of a course organized around these issues see: http://www.iilj.org/courses/FinancingDevelopmentCourse.asp
Recent Events:
December 4-5, 2009: The Privatization of Development Assistance Symposium. This symposium provided a forum for an inter-disciplinary academic discussion of the phenomenon of the privatization of development assistance. The objectives were to generate scholarly analyses that will map the dimensions of the phenomenon and shed light on the associated policy questions. This symposium was made possible through the generous support of the Carnegie Corporation of New York.
Greenberg Lounge, Vanderbilt Hall
