Development finance institutions (DFIs), also known as public development banks (PDBs) are public financial institutions initiated and steered by governments with explicit official missions to promote public policy objectives, and public development banks (PDBs) are the main category. DFIs are experiencing a renaissance worldwide, but there is limited academic research examining their roles, operations, and effectiveness.

This book attempts to fill this gap by bringing together world-renowned scholars who discuss in detail the economics and consequences of both development banks and public banks. Combined, the chapters in this volume discuss topics from sustainability, instruments development impact, a new development financial architecture and the interaction with existing international rules like the Basel Accord. This book will be of particular interest to students, scholars and researchers of development finance, global governance, and international political economy.

The chapters in this book were originally published in the Review of Political Economy.