The Rise of Promotional-Development Banks in Europe: Potentials & Pitfalls

In partnership with Goethe University and Sciences Po

What does the growth of these banks mean for the evolution of capacities at the European level to direct investment and development, to key national and EU objectives? How do they relate to other actors and mechanisms such as, national governments, Commission, and the EIB? To what extent are state-owned development banks contested institutions regarding their potential for socioeconomic and environmental transformation? How much are they constrained by capital market actors, or narrow political considerations? This is a two-year research project, to begin in April 2018. It will deliver 7 papers and produce two conferences, one in Brussels and one in Lisbon.