Definition Of Development Finance Institution
A development finance institution dfi also known as a development bank or development finance company dfc is a financial institution that provides risk capital for economic development projects on non commercial basis.
Definition of development finance institution. Meaning of development finance institution. What does development finance institution mean. Data and research on development including official development assistance oda aid architecture and effectiveness conflict fragility evaluation gender governance and poverty national and international development finance institutions dfis are specialised development banks or subsidiaries set up to support private sector development in developing countries. Therefore housing finance is often defined as housing.
The definition of housing finance can vary in different regions and countries. 1 1 definition of development finance institution dfi a development finance institution is a specialised financial institution established with specific mandate to develop and promote key sectors of the economy considered to be of strategic importance to the overall socio economic development objectives of the country. Information and translations of development finance institution in the most comprehensive dictionary definitions resource on the web. September 2010 to march 2011.
A community development financial institution cdfi is a privately owned bank that promotes financial inclusion and economic development among poorer communities. They increasingly affect the prospects of developing countries yet the current thinking. The world is increasingly facing global challenges such as climate change financial crises food and oil price swings security threats etc. Development finance still plays a critical role in financing private enterprise in africa and should be further promoted as an important complement to overseas aid.
Development finance institutions are cost effective for donor countries and efficiency enhancing for countries where deployed. The term finance often is referred to as dealing with monies. A development finance institution dfi is an alternative type of financial institution that provides credit via loans equity and more. Development finance institution dfi is generic term used to refer to a range of alternative financial institutions including microfinance institutions community development financial institution and revolving loan funds.