Banking on Development : private banks and aid donors in developing countries

The aim of this ECD Working Paper No. 263 is precisely to contribute to this debate and process. It highlights how private banks and other private financial operators like private equity firms and investments funds, can play a pivotal role in economic development. All in all, they are interesting potential partners for public aid donors willing to deepen impacts on developing countries. As documented, some of the private banking firms are more active in specific regions. UK and French banks seem, for example, to be potential interesting partners for aid donors in Africa while Spanish banks or US counterparts are more relevant for Latin America and German, Swiss and Italian banks for Eastern Europe. Beyond international banks, local private banks in Brazil, India, South Africa, Morocco and other developing countries are becoming increasingly aware and sensitive to economic, social and environmental impacts.