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1	The role of Development Finance Institutions (DFIs) in economic growth in Zambia Kang’ombe, Mutale Matthew January 2018 (has links) This study empirically investigates the role Development Finance Institutions (DFIs) play in the economic growth of Zambia from 1992: Q1 to 2015: Q4. The main aim of the study is to find out if DFIs enhance economic growth in Zambia and if the growth witnessed over the study period was in fact improved by these inflows. Additionally, a multiple regression is run against the exchange rate, inflation unemployment and interest rate to further analyse the interaction of these variables with DFI inflows and how they have impacted the growth levels experienced in Zambia. The findings show that the impact DFIs on the GDP are ambiguous. In current period and DFI lagged to 2 periods prior, has a depressing effect whilst DFI lagged one period has an encouraging effect on GDP levels. Furthermore, from the cointegration tests, it is evident that there is a long run relationship that exists, signifying that the positive effects of DFIs can be felt in future periods especially if deployed to key sectors. The regression results of the other variables are in line with macro-economic theory which suggests that DFI inflows need to be supplemented with stable macro conditions to boost the degree of positive impact on GDP. To ensure future benefit to Zambia from DFI inflows; recommendations preferred to authorities inferred from the findings include, directing of these funds to job and revenue generating sectors that can increase export revenue. These sectors may include agriculture and manufacturing. Furthermore, it is cardinal that institutional infrastructures are put in place that effect legal and monitoring framework to ensure efficient deployment of these funds within the economy.
2	The Role of Development Finance Institutions and Aid Agencies in Zimbabwe’s achievement of Sustainable Development Goals Murambadoro, Betty 24 August 2018 (has links) This research looked at external funding and its role in determining the success rate of the developmental agenda at country specific level. To undertake this investigation, the role of external funding was assessed alongside other factors largely viewed to be also relevant in discussing the success of the development agenda. The research relied on primary data collected from various participants deemed to be relevant stakeholders in development studies and its success drivers. The sample comprised bilaterals, multilaterals, aid agencies, private commercial sector, policy makers, regulators and the UN agencies. Extensive research was conducted using semi-structured questionnaires and also supported by interviews to probe further on the key sub-topics. The other factors explored alongside external funding in terms of their significance in influencing outcome of the development agenda are strong financial institutions, strong legal institutions, economic reform, competent human capital and international trade. While the factors linked to governance were ranked highly in terms of significance in driving Zimbabwe’ s achievement of sustainable development goals, the numeric difference on points scored were not materially significant. The research outcome highlighted the interconnectedness of the factors assessed in augmenting the impact of capital inflows in meeting the development agenda. In addition, it exposed the significance of broader stakeholder consultation and commitment at a national level. development finance institutions Zimbabwe Sustainable Development Goals SDG
3	The World Bank and non-governmental organizations political economy and organizational analysis / Nelson, Paul J. January 1991 (has links) Thesis (Ph. D.)--University of Wisconsin--Madison, 1991. / Typescript. Vita. eContent provider-neutral record in process. Description based on print version record. Includes bibliographical references (leaves 313-337).
4	Development Finance Institutions’ Effect on The Fund Manager’s Investment Decisions : Balancing Financial Performance Goals and Development Impact Objectives Adolfssson, Alexander, Åström, Marie January 2016 (has links) Development Finance Institutions (DFIs) have played a crucial role in moving socially responsibility considerations up on the private equity industry’s agenda. DFIs add a development impact criterion to traditional financial performance goals in the investment industry and play a catalytic role by mobilizing other investors. The gap in research regarding DFIs implications and significance in the investment community from a SRI perspective is evident. The development impact objective introduced by the DFIs is examined to understand its effects on fund managers’ decision-making and if it exists a trade-off between this objective and financial performance. An understanding of how DFIs control fund managers to act in accordance to their objective as well as how they determine compensation schemes to incentivize them to pursue high return on investments, is discussed in relation to the agency theory. Furthermore, stakeholder/shareholder consideration is examined in relation to the subject. The aim of this study is to examine how the behavior of fund managers is affected by the involvement of a DFI investor and try to add to the understanding of their significance as institutional investors in developing markets. Previous studies have been more focused on determining the financial performance of socially responsible investments by using very similar quantitative data collection methods. This thesis undertakes an in-depth approach with the purpose to understand the fund manager’s drives as well as how a DFI involvement affects the behavior and decision-making process. This thesis undertook a qualitative research strategy and semi-structured interviews were used as the tool to understand the fund managers’ personals beliefs and perceptions of how the relationship with DFIs affect them. The selection criteria for the fund managers was that they needed to work in a fund in which a DFIs has invested. We also included DFI investors in order to understand their point of view. The interview was recorded, transcribed and later divided into themes in accordance with the thematic approach, following six steps. Our findings show that Development Finance Institutions plays an important role in emerging markets and affect fund manager behavior to a certain extent. They did not perceive a trade-off between financial performance goals and development impact objectives. We conclude that DFIs increase fund manager focus on ESG/SEE elements in the investment process. DFIs requirements and reporting obligations is used as a tool to ensure that the fund manager act in accordance to DFI objective. The fund managers were neither willing to sacrifice commercial return in favor of development impact. Lastly, the interest among the DFIs and commercial investors is fairly similar, hence reducing the conflict of interest between investors. DFI Development Finance Institutions MDFI SEE SRI Socially Responsible Invesments CSR NGO SIDA DEG FM SME Multiplier Effect Agent Theory Stakeholder Theory Qualitative Subjectivism Objectivism Postitivsm Intepretivism Investment Behavior Standard Asset Pricing Model ESG Sin Industries Principle-agent Theory Positivist Agent Thoery Agent Conflict Incentives Investment Behvaior Optimal contracts Descriptive Stakeholder Thoery Convergent Stakeholder Theory Stakeholder Shareholder Financial Performance Development Impact Hands-off model Direct-involvement model Affirmative Behavior Aviodance Behavior Tripple Bottom Line Agent Principle Control Fund Manager Business Administration Företagsekonomi
5	Assessing perceptions on performance measures and funding processes at a development finance institution in South Africa Mhlahlo, Petunia Siphiwe 02 1900 (has links) The Industrial Development Corporation is the largest provider of development funding in South Africa. Despite having documented processes for assessing funding applications, which include traditional performance measures, the impairments as a percentage of outstanding funding book are increasing. However, scholarly literature indicates that traditional performance measures seem inadequate, with Economic Value Added providing more detailed performance company. The study assesses the Industrial Development Corporation employee’s perceptions on stipulated and additional performance measures and its funding processes. The study followed a quantitative research design using a questionnaire. The Statistical Package for Social Sciences was used to analyse the data. The study found that stipulated performance measures are mostly used, but not Economic Value Added. Funding processes could be enhanced through more performance measures and additional pre and post investment processes. It is recommended that processes be enhanced and the addition of Economic Value Added be investigated to assist in reducing impairments. / Management Accounting / M. Phil. Performance measures Funding processes Industrial Development Corporation (IDC) Economic Value Added (EVA) Development Finance Institutions (DFIs) Impairment rate Traditional performance measures Ratios Funding institutions Basic assessment Due diligence Workout & restructuring Financial performance 338.0968 Investments -- South Africa Economic value added -- South Africa South Africa -- Economic policy South Africa -- Economic conditions Investments, South African

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