Accumulation and Mobilization of Capital for Sustainable Development – Historical Perspective and Significance of ECA Financing

In: Global policy: gp, Band 10, Heft 3, S. 416-418

Abstract

AbstractEconomic development is closely related to accumulation and mobilisation of capital, sources of which can either be domestic or foreign. In a developing country context, foreign capital has emerged as an important source of supplementing domestic capital, and is increasingly being channelised through official export credit agency (ECA) support. For this support to have a lasting impact, it is important that projects are designed and developed in a coordinated manner with strong involvement of the host country. Simultaneously, it is critical to devise mechanisms such as local currency financing to ensure the sustainability of such support.