The private sector turn: private equity, financial intermediaries and development
On November 22nd 2010, CounterBalance and the Bretton Woods Project hosted a conference in London on "The Private Sector Turn" - the increasing shift from public to private funding in development finance, the forms it takes and what it means for activists and affected people. Isabella Besedova of Bankwatch tells the tale here of the small and medium enterprise (SME) bailout orchestrated by the EIB after the financial crisis of 2008, and the bank's failure to get the money where it was supposed to go, resulting in less than 0.25% of SMEs receiving funds in the allocated time. A summary of the day's proceedings, including links to audio and presentations can be found here: brettonwoodsproject.org
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Bankwatch
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