Policy Coherence for Sustainable Infrastructure in Developing Countries
The Case of OECD-country Public Financing for Large Dams
Bibliographic Data
| ID | 12430636 |
|---|---|
| Authors | Georg Caspary (corresponding author) |
| Year | 2009 |
| Volume | 15 |
| Issue | 4 |
| Pages | 461-484 |
| Publication date | 2009-08-12 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Global Governance A Review of Multilateralism and International Organizations (JOURNAL) |
| Journal identifiers | ISSN: 1075-2846 • E-ISSN: 1942-6720 |
| Publisher | Lynne Rienner Publishers (PUBLISHER • US) |
| DOI | 10.1163/19426720-01504007 |
| OpenAlex | W1878797164 |
| Language | EN |
| Citations received | 1 |
| References cited | 5 |
Public financial institutions (PFIs) provide vital investment for poor coun tries, and act as catalysts for additional private capital. However, the projects thus financed often have social and environmental side effects. Safeguards systems control such side effects. This article compares the strength of PFIs' safeguards systems. Although the study uses financing for dams as an exam ple, the issue has much larger applicability. In fact, all development project or policy interventions have social or environmental side effects and there fore necessitate safeguards. This article notably finds substantive evidence that safeguards performance substantially differs between different PFIs. It argues that the most important explanations for this finding are differences in coordination mechanisms among different PFIs, and diverging interest group pressure on different PFIs. Finally, the article explores several avenues for future work following from these findings, notably exploring steps to har monize PFIs' safeguards performance. Keywords: infrastructure finance, developing countries, policy coherence, safeguards, dams
Business · Capital (architecture · Capital market · Coherence (philosophical gambling strategy · Developing country · Economic growth · Economic policy · Economics · Foreign direct investment · Macroeconomics · Political science · Private capital · Public finance · Work (physics · Fiscal Policy and Economic Growth · International Development and Aid · Public-Private Partnership Projects · Finance
| Citations per year | 0.25 |
|---|---|
| Citation span | 2022 - 2022 (1) |
| Highly cited | No |