Financing industrial development

Description

Financing industrial development involves mobilizing and allocating financial resources to establish, expand, or modernize industrial sectors. This strategy addresses barriers such as inadequate capital, outdated technology, and limited infrastructure by facilitating investment through public funding, private sector participation, and international financial mechanisms. Its practical intent is to stimulate economic growth, create jobs, and enhance competitiveness by ensuring industries have the necessary funding to innovate, scale operations, and meet market demands efficiently.

Implementation

Many governments have intervened to increase the supply of medium- and long-term finance for industrial development by establishing development banks.