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School of Law

SOLM191 Legal Aspects of Financing Development

This module is not running for 2024-25 entry. Check our LLM and Diploma module list to see other related modules you could take.

Module Description

Developing countries vary in size, resource endowments and income levels, but they face similar challenges to access capital for financing development and put it to good use. The module examines the legal framework underpinning the access to and mobilisation of different sources of capital - public and private, domestic and international - for financing sustainable development. A theoretical framework on the relationship between legal institutions, financial markets, economic growth and sustainable development is applied to discuss practical legal issues on financing development such as the effectiveness of financial law reforms for channelling private savings into productive investment, the conditionality attached to financial assistance provided by international financial institutions, sovereign debt restructure mechanisms and aid effectiveness. Topics covered include selective aspects of financial markets (capital markets, financial inclusion, public private partnerships) and foreign investment in developing countries, sovereign debt, IMF and Multilateral Development Banks’ financial assistance, official development assistance and innovative mechanisms for financing development. This module will be particularly attractive to students interested in career paths in international financial institutions, development organizations, consulting firms, government bodies, law firms, commercial banks and NGOs concerned with financing development.

Applicable Groupings


30 Credits

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