Public Banks and Public Purpose

Diana V. Barrowclough is a Senior Economist at United Nations Trade and Development (UNCTAD). Her research focuses on development finance, regional integration and cooperation, and sustainable economic policies. She has co-edited and authored numerous UN and other publications, including Southern-Led Development Finance: Solutions from the Global South (2021) and South-South Regional Financial Arrangements: Collaboration Towards Resilience (2022)Thomas Marois is Professor of Political Economy, Canada Research Chair in Public Banking, and Director of the Public Banking Project at McMaster University, Canada. His research investigates the role of public financial institutions in addressing climate change and promoting equitable development. He is the author of the award-winning Public Banks: Decarbonisation, Definancialisation, and Democratisation (2021).

• Introduction Public Banks and Public Purpose: From Pandemic Responses to Future Climate Prospects 1. The Role of Public Development Banks During the Pandemic: Impact Evaluation of BICE's Innovative Credit Response 2. The Double Function of Turkey’s Public Banks and Reinterpretation of Mandates during the Covid-19 Pandemic 3. From State Developmentalism to Financial Populism: The ‘Bank of Welfare' and Mexico’s Moral Economy 4. Mandate Matters: Evolving Views and Counter-cyclical Surprises from the World’s Newest, Southern-led, Multilateral Development Banks* 5. National and Multilateral Development Banks during the COVID-19 Pandemic: The Role of the IADB and CDC-BII during the Second Phase 6. Public Development Banks as Essential Infrastructure: Covid, the KfW, and Public Purpose 7. The Italian Development Bank: A Dynamic View of CDP’s Public Mission 8. Public Banking, Overlapping Emergencies, and the Eurozone Periphery: The Portuguese Case