Globalization Globalization refers to the increasingly global relationships of culture, people and economic activity. Most often, it refers to economics: the global distribution of the production of goods and services, through reduction of barriers to international trade such as tariffs, export fees, and import quotas. Globalization accompanied and allegedly contributed to economic growth in developed and developing countries through […]

The International Monetary Fund along with the World Bank have received a lot of criticism in recent times because their policy prescriptions have had the opposite result in a lot of cases. Their worst mistakes came during the Asian Crisis in the late 1990s where their counter-cyclical policies resulted in a lot of suffering and […]

I am surprised at the similarities in the corruption scandals hitting the South Asian nations almost daily. Despite hundreds and millions of citizens living in grinding poverty and misery, the elite of the society can compete in their billions with the richest nations around the world. This is not due to their hard work or […]

German Development Bank Kfw which is owned by the German government is planning to invest 800 million Euros in Indian Renewable Energy Sector.Note Kfw is one of the biggest funding institutions in Germany for renewable energy projects giving concessional interest rates.The Bank will use its extensive expertise in the alternative energy and energy efficiency areas to extend its business in India as well.Renewable Energy in India is expected to see a massive expansion in the next decade and will require massive amounts of debt and equity.Kfw alongwith other developmental institutions like ADB and World Bank have a big role to play.Note Debt is quite expensive in India and these institutions provide loans at a much cheaper rate making renewable energy projects viable.ADB has already formed a JV with NTPC and is looking to rescue JNNSM as well.IFC is funding numerous clean projects in India following its developmental mandate as well.