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Measuring the Performance and Achievement of Social Objectives of Development Finance Institutions / Francisco, Manuela
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Francisco, Manuela
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Access to Finance.
- Access to financial services.
- Banks.
- Banks and Banking Reform.
- Debt Markets.
- Demand for credit.
- Development Finance.
- Development finance institution.
- Development Finance Institutions.
- Economic Theory and Research.
- Emerging Markets.
- Finance and Financial Sector Development.
- Financial intermediaries.
- Financial sector development.
- International Bank.
- Macroeconomics and Economic Growth.
- Private Sector Development.
- Social welfare.
- Local Subjects:
- Access to Finance.
- Access to financial services.
- Banks.
- Banks and Banking Reform.
- Debt Markets.
- Demand for credit.
- Development Finance.
- Development finance institution.
- Development Finance Institutions.
- Economic Theory and Research.
- Emerging Markets.
- Finance and Financial Sector Development.
- Financial intermediaries.
- Financial sector development.
- International Bank.
- Macroeconomics and Economic Growth.
- Private Sector Development.
- Social welfare.
- Physical Description:
- 1 online resource (38 pages)
- Place of Publication:
- Washington, D.C., The World Bank, 2008
- System Details:
- data file
- Summary:
- This paper develops and tests a proposed methodology that puts forward a new integrated method for evaluating the performance of development finance institutions. This methodology applies assessment criteria that take into account both the social objective that the development finance institution addresses and the subsidies it received in order to achieve such an objective. This methodology is applied to two pilot case studies-Banadesa (Honduras) and Banrural (Guatemala). The authors calculate the previously tested subsidy dependence index, which measures the degree of an institution's subsidy dependence. The paper develops and estimates a new measure-the output index- which indicates the level to which the institution fulfills the social objectives of the state. The analysis integrates the subsidy dependence index and the output index to assess the effectiveness associated with meeting the social objective. The findings suggest that the integration of the two indexes can constitute the basis of a meaningful evaluation framework for the performance of development finance institutions. This new methodology can also be a useful metric for policy makers who are seeking to decide on an optimal allocation of scarce funds for development finance institutions that pursue social goals and for management that seeks improved performance outcomes.
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