Development Finance

9 months ago

Britain’s Domestic Development Finance Institutions Emerge from the Shadows

By Noah Law In July, UK Export Finance heralded the announcement of a €781 million loan guarantee to support construction of a 286km high-speed electric railway in southern Turkey. Two things were striking about the major outcry from the British (or at least Twitterish) public that followed the announcement: One was that it reflected a weak understanding of what Britain’s state-owned export and development finance institutions actually do – how…