Paper/Speech Details of Conference Program for the 25th NISPAcee Annual Conference Program Overview V. Public Finance and Management Author(s) Gyorgyi Nyikos Ludovika University of Public Service Budapest Hungary Title National Development Banks for Better Public Spending File Paper files are available only for conference participants, please login first. Presenter Gyorgyi Nyikos Abstract Europe is facing an investment gap. One of the main problems is how to meet the requirements of the public which are growing faster than the EU Member States’ budgetary possibilities and access to financing is certainly one of the most important issues. On the other hand access to financing is also one of the most important components for the creation, survival, performance and growth of SMEs. Besides the European organisations (European Commission and the EIB Group) the national development banks play an important role in the implementation of the European Invesment Plan (Juncker-plan). They are involved in financing infrastructure projects as well as acting as holding fund managers or financial intermediaries in different EU financial instruments. The paper examines the scope of the national development banks, their roles and missions as well as their business models in several EU Member States. This is done through measuring and comparing their performance to each other and their business models. The first approach lies in taking account of two distinct factors: the actual level of control exercised by the public sector as opposed to just its level of ownership, and our ensuing examination of a spectrum of public influence. This is an important factor linked to the ongoing Eurostat examination based on ESA2010 about the statistical status of the public financial institutions (PFIs). The second approach of the paper is to analyse the missions of the PFIs in terms of their objectives, geographical scope, stakeholders and products and services with special highlight of their involment in the implementation of EU financial instruments. The national develeopment banks set out to fulfil a wide variety of missions, such as promotional missions with general interest (addressing market insufficiencies) using different kind of financial sources mainly public sources. However the question arises: how effective development banks are in using public resources for development objectives with different missions and business models.