Development Banks and Post-Crisis Blues in Investment Finance

Canvas sack of pounds

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The size and composition of development bank portfolios must aim to maximize the “crowd in” of private engagement, rather than taking their place (“crowding out”). This is particularly the case when the supply of development bank finance embeds substantial public subsidies. Furthermore, those portfolios should be moving frontiers: When success is obtained, perceived risks tend to fall, finance starts to acquire “plain vanilla” attributes. In these cases, the originator development bank must move on…

Polish PM plans to replace Finance Minister Rostowski within months: sources

Credit: Reuters/Johannes Eisele/Pool By Karolina Slowikowska WARSAW | Fri Aug 16, 2013 10:04am EDT WARSAW (Reuters) – Polish Prime Minister Donald Tusk plans to replace his finance minister, Jacek Rostowski, as part of a major cabinet reshuffle planned in a few months’ time, three sources with knowledge of Tusk’s thinking told Reuters. They said the move was aimed at rebuilding public confidence in the ruling Civic Platform party and prepare it for a series of elections – regional polls in 2014 and parliamentary elections in 2015. “The plan is to replace him (Rostowski) with someone as part of a bigger cabinet reshuffle that will also see ministers like (Joanna) Mucha and (Marcin) Korolec go,” said a senior source in the government. Mucha is Poland’s sports minister, while Korolec leads the environment ministry.

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