Beyond Lending

Download or read book Beyond Lending written by Guillermo Perry and published by CGD Books. This book was released on 2009 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the drafts of this book were coming together in early 2008, Guillermo Perry argued that developing countries remained highly vulnerable to external risks such as commodity price declines, capital flow reversals, and natural disasters. The economic crisis that has since ensued could not have proved his analysis more true: rather than fall into complacency as the short-term demand for traditional loans increases, multilateral development banks (MDBs) should move beyond lending to provide innovative risk-management tools for developing countries to manage volatility and create long-term stability. Book jacket.