{"title":"为发展中国家绿色转型融资","authors":"A. Chowdhury, Mohammad Zulfan Tadjoeddin","doi":"10.1080/02255189.2022.2113767","DOIUrl":null,"url":null,"abstract":"ABSTRACT The prospects for external financing of green transformation and resilient post-COVID-19 recovery remain bleak for developing countries. The scope for mobilising substantial domestic resources is limited, while public-private partnerships and blended finance failed to mobilise promised finance. Borrowing from central banks remains the only viable option for financing green transformation. The conventional arguments against such borrowing, e.g. growth retarding acceleration inflation or macroeconomic instability do not have sound theoretical or empirical basis. However, democratic oversights are needed against fiscal abuse to ensure productive utilisation of borrowed funds. A high degree of coordination between fiscal and monetary authorities is also essential.","PeriodicalId":46832,"journal":{"name":"Canadian Journal of Development Studies-Revue Canadienne D Etudes Du Developpement","volume":null,"pages":null},"PeriodicalIF":1.9000,"publicationDate":"2022-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Financing green transformation in developing countries\",\"authors\":\"A. Chowdhury, Mohammad Zulfan Tadjoeddin\",\"doi\":\"10.1080/02255189.2022.2113767\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"ABSTRACT The prospects for external financing of green transformation and resilient post-COVID-19 recovery remain bleak for developing countries. The scope for mobilising substantial domestic resources is limited, while public-private partnerships and blended finance failed to mobilise promised finance. Borrowing from central banks remains the only viable option for financing green transformation. The conventional arguments against such borrowing, e.g. growth retarding acceleration inflation or macroeconomic instability do not have sound theoretical or empirical basis. However, democratic oversights are needed against fiscal abuse to ensure productive utilisation of borrowed funds. A high degree of coordination between fiscal and monetary authorities is also essential.\",\"PeriodicalId\":46832,\"journal\":{\"name\":\"Canadian Journal of Development Studies-Revue Canadienne D Etudes Du Developpement\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":1.9000,\"publicationDate\":\"2022-09-27\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Canadian Journal of Development Studies-Revue Canadienne D Etudes Du Developpement\",\"FirstCategoryId\":\"90\",\"ListUrlMain\":\"https://doi.org/10.1080/02255189.2022.2113767\",\"RegionNum\":3,\"RegionCategory\":\"社会学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"DEVELOPMENT STUDIES\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Canadian Journal of Development Studies-Revue Canadienne D Etudes Du Developpement","FirstCategoryId":"90","ListUrlMain":"https://doi.org/10.1080/02255189.2022.2113767","RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"DEVELOPMENT STUDIES","Score":null,"Total":0}
Financing green transformation in developing countries
ABSTRACT The prospects for external financing of green transformation and resilient post-COVID-19 recovery remain bleak for developing countries. The scope for mobilising substantial domestic resources is limited, while public-private partnerships and blended finance failed to mobilise promised finance. Borrowing from central banks remains the only viable option for financing green transformation. The conventional arguments against such borrowing, e.g. growth retarding acceleration inflation or macroeconomic instability do not have sound theoretical or empirical basis. However, democratic oversights are needed against fiscal abuse to ensure productive utilisation of borrowed funds. A high degree of coordination between fiscal and monetary authorities is also essential.
期刊介绍:
Since 1980, the Canadian Journal of Development Studies has been an interdisciplinary, bilingual forum where scholars, practitioners, and policy-makers explore and exchange ideas on both conventional and alternative approaches to development