National systems of development financial institutions: comparative experiences

Abstract

This article presents the national systems of development financial institutions (NSDFI) from ten countries (China, Germany, Brazil, Japan, Italy, France, Mexico, India, Spain and South Korea), comparing them and demonstrating their importance to development. A historical analysis of the national systems of development financial institutions from South Korea and France has been conducted, which have been functional over time, adapting themselves to the new challenges of development. Composed mostly of public development financial institutions (DFI), the national systems of development financial institutions are dynamic to cope with the new development strategies, explore new segments and develop new financial instruments. It is noteworthy that countries seek to have a complete NSDFI, acting in segments traditionally in need of long-term financing and other appropriate financial instruments, including agriculture, infrastructure, exports, MSMEs, green economy, innovation, and housing.