Avinash Persaud – Chairman of Intelligence Capital Ltd and Elara Capital Ltd, and Executive Fellow at the London Business School
We asked Avinash about the positives and risks in the international financial architecture for mobilising and using finance effectively for development in the poorest and most vulnerable countries. Avinash argues the principle challenge for emerging markets and LDCs is private capital tends to come in only 2 forms, feast or famine. There are two main solutions: (1) developing countries themselves can use a wide range of instruments, such as macro-credential controls to disincentive capital inflows in the time of feast, and (2) international arrangements for insurance at times of famine.
about 1 year ago