4 Ways Public Development Banks Can Digitize Their Financing Solutions
By Guest Writer on March 4, 2021
Public Development Banks (PDB) exist in most countries. They play a critical role in financing economic activities that private sector commercial banks are unwilling and/or unable to finance. This includes small business, infrastructure, trade, or other social and development objectives in emerging markets (as well as many developed ones).
These public sector entities (sometimes public-private partnerships [PPPs]) generally operate with a dual mandate — commercial returns and social impact.
Development Banks and Digital Financial Services
In current times, as digital financial services evolve, and citizens begin to place higher expectations on governments to keep up with the internet age, and COVID-19 has exposed frailties in analog institutions across the world, I’ve been thinking about the role public development banks play in delivering impact and value to increasingly digital societies.