The third stage in the development of central banks came in 1971 when the US abandoned the Bretton Woods arrangement of fixed exchange rates against the dollar.
It asked for still more time, in the hope that its principal Indian creditors, a group of development banks, will lend it more money.
This process has gained new impetus following the Nagoya Biodiversity Summit, where the representatives of development agencies, development banks and development cooperation policy institutions unanimously adopted a declaration for the mainstreaming of biodiversity agendas into development plans.
FORBES: The Future of Life On Earth: Part Two Of The Discussion
But the move incensed Ms. Banks's family, which believes it is the very type of development Ms. Banks sought to prevent with her gift and is a departure from the "Jeffersonian"-style campus initially envisioned at the property, known as Belward Farm.
Earlier this year, he opened Asiatique, a sprawling development on the banks of the Chao Phraya River in Bangkok.
WSJ: Heineken, Thailand's Charoen Reach Deal on Asia Pacific Breweries
I'm looking forward to discussing ways to encourage more investment in developing nations by making low-cost financing options for clean energy a priority of the international development banks.
Currency-support mechanisms - or funds - could complement the IMF the way regional development banks complement the work of the World Bank.
CNN: This monetary body would limit Crisis spillover effects
The record of aid from multilateral development banks is decidedly mixed.
Johns Hopkins's plans today call for a 4.7 million-square-foot research park on the site, up from the 1.8 million square feet of development planned when Ms. Banks, who died in 2005, turned over the land.
Barmac's Ardersier yard has been building two 'topside' deck modules for the floating rig being fabricated for the development of the Terra Nova field, on the Grand Banks, off Newfoundland.
Ms. Jacks speculated that was because back then the river might have been considered the equivalent of a modern interstate, development already starting to seed its banks.
The state saw more bank failures than most between 2008 and 2012, as its banks suffered from the fallout of overzealous real estate development, especially along the coast.
Funding for development of the gas field is now on hold, he said, due to banks' concerns about the new tax regime.
This capital was then used to leverage resources from banks and private developers, many of which were in partnership with nonprofit development organizations known as community development corporations, to build low-income housing.
FORBES: For the 21st Century, a Network of Beneficial Philanthropy and Corporate Citizenship
The development of new financial instruments, such as credit derivatives, has also helped to shift risk from the banks to insurance companies, pension funds and others.
The European Bank for Reconstruction and Development helped stabilise the region's banks, bringing foreign lenders together to ensure an orderly deleveraging instead of a rout.
The main alternatives to banks for firms in search of help in a hurry are England's nine regional-development agencies.
ECONOMIST: A well-intentioned package arrives little and late
That, he says, is the lesson of the development of Europe's capital markets over the past three decades, specifically the vast Eurobond market, where European banks such as Credit Suisse, Deutsche Bank and Paribas all played a big part.
应用推荐