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Banks and Poverty Alleviation: An Assessment of the African Development Bank’s Activities

Yıl 2022, Cilt: 2 Sayı: 2, 81 - 87, 23.12.2022

Öz

Kaynakça

  • AfDB (1998). Egypt, Morocco, and Tunisia Energy Sector Impact Study. AfDB, Abidjan.
  • AfDB (2011). Internal Assessment of Rural Water Supply and Sanitation Initiative. AfDB, Abidjan.
  • AfDB (2013). At the Center of Africa’s Transformation: Ten-year Strategy 2013 – 2022. AfDB: Tunis.
  • AfDB (2014a). Addressing Fragility and Building Resilience in Africa: Group Strategy 2014-2019. Abidjan.
  • AfDB (2014b). Bank Group Regional Integration Policy and Strategy (RIPoS) 2014–2023. Abidjan.
  • AfDB (2014c). Investing in Gender Equality for Africa’s Trans-formation, 2014-2018. Abidjan.
  • AfDB (2014d). One Billion People, One Billion Opportunities: The Bank’s Human Capital Strategy for Africa (2014-2018). Abidjan.
  • AfDB (2015). Natural Gas Transmission and Distribution Net-work Development, Appraisal Report. African Development Bank, Tunisia, Tunis.
  • AfDB, ECA, AUC, and KIEP (2010). Achieving Strong, Sustained and Shared Growth in Africa in the Post-Crisis Global
  • Africa Progress Panel (APP) (2014). Grain Fish Mooney: Financing Africa’s Green and Blue Revolution. Africa Progress Panel Report, 2014.
  • African Development Report (2015) Growth, Poverty and Inequality Nexus: Overcoming Barriers to Sustainable Development.
  • Agence France-Presse (1 November 2019).’’African Development Bank Announces Record Capital Increase to 208 billion’’. Daily Monitor. Paris, France. Retrieved 1 November 2021.
  • Aghion P, Bolton P. A (1997). Theory of Trickle-Down Growth and Development. Lead article in the Review of Economic Studies.; 64 (2):151-172.
  • Boskov, T. (2018). Level of deepening financial infrastructure, Fintech Companies and Financial Inclusion: Theory and Evidence. IJIBM International Journal of Information, Business and Management, 10 (4), 23-31.
  • Burlando, A., & Canidio, A. (2015). Financial inclusion of vulnerable households through savings and borrowing groups: Theory and experimental evidence from Uganda. University of Oregon Research, Eugene. Economy. Paper presented at the 2010 KOAFEC Ministerial Conference (Seoul).
  • Mureithi, C. (2021).’’AfDB launches 463.9 billion social bond’’. Retrieved 2021-2-18.
  • Palestine Monetary Authority (2016). The role of Specialized Banks in the economy and the Pays? World Development, 27(1), pp. 67 – 82. African Journal of Economic Review, Volume IX, Issue II, April, 2021.171 Pesaran, M. H., Shin, Y. and Smith, R. J., (2001). Bounds testing approaches to the analysis of
  • Pimhidzai, O. et al., (2019). Microfinance and Household Welfare, s.l.: Combodia Policy Note.
  • Rahman, A., (1999). Micro-credit Initiatives for Equitable and Sustainable Development: Who
  • Schultz, T. W. (1980). Noble Lecture: the Economics of Being Poor. Journal of Political Economy,
  • Sethi, D., & Acharya, D. (2018). Financial inclusion and economic growth linkage: some cross-country evidence. Journal of Financial Economic Policy.
  • Shiba, O. M. and Issa, K. M. (2015). The Role of Specialized Banks in Economic Development
  • Sophie, P. Schmidt. and Ariane, V. (August, 2020).’’ Social Bonds can help mitigate the economic and social effects of the COVID-19 Crisis.
  • Sulemana, M., Naiim, F. M. and Adjanyo, C. (2019). Role of microfinance in poverty reduction with Emphasis on the Agricultural Banks. Beograd, 10, pp. 213–217.
  • Zorobabel, B. Zuzana; B., and Mthuli, N., (2015), Eliminating Extreme Poverty in Africa: Trends, Policies and the Role of International Organizations, Working Paper Series N° 223 African Development Bank, Abidjan, Côte d’Ivoire.
  • Banks, M. (2015). The Macro theme Review. 4(Iii), 49–57.
  • Johan Rewilak. (2013). FINANCIAL DEVELOPMENT AND POVERTY Thesis submitted for the degree of Doctor of Philosophy at the University of Leicester by Johan Rewilak MSc (Nottingham) Department of Economics University of Leicester September 2013. (September).
  • Okpara, G. C. (2010). Microfinance Banks and Poverty Alleviation in Nigeria. Journal of Sustainable Development in Africa, 12(6), 177–191.
  • Stanley, U. K., & Ezeanyeji, C. I. (2017). Impact of Microfinance Banks on Poverty Alleviation and Economic Growth in Nigeria. NG-Journal of Social Development, 6(5), 22–34. https://doi.org/10.12816/0042815

Banks and Poverty Alleviation: An Assessment of the African Development Bank’s Activities

Yıl 2022, Cilt: 2 Sayı: 2, 81 - 87, 23.12.2022

Öz

This article examined the role banks play in poverty alleviation in Africa through the Trickle-down Theory and the African Development Bank Group’s implications on the developmental agenda of African countries. Moreover, the article presented Africa as a continent that has experienced an appreciable economic growth rate over the years and has received considerable financial assistance from its regional partners and international financial institutions. Furthermore, the paper highlighted that the financial support of Africa’s partners had enabled the continent to undertake various developmental projects toward poverty reduction, notably the African Development Bank, considered one of the most critical regional financial institutions with economic dominance over the African banking system. The study adopted a qualitative method and found that the achievements in terms of poverty alleviation over the continents have been enormous, from the achieving landmark general capital increase, successful African development fund replenishment, resource mobilization for women-owned businesses, and a platform for raising capital to support Africa investment initiatives as well as the successful set up of covid-19 social bond and support for agriculture among others. Nonetheless, the study shed light on the fact that the financial assistance from the African Development Bank Group has not been relatively allocated among all countries as its foreign partners influence it. Finally, the article recommended that the allocation of resources from the African Development Bank be fair to allow the upliftment of millions of households out of poverty in the coming decades.

Kaynakça

  • AfDB (1998). Egypt, Morocco, and Tunisia Energy Sector Impact Study. AfDB, Abidjan.
  • AfDB (2011). Internal Assessment of Rural Water Supply and Sanitation Initiative. AfDB, Abidjan.
  • AfDB (2013). At the Center of Africa’s Transformation: Ten-year Strategy 2013 – 2022. AfDB: Tunis.
  • AfDB (2014a). Addressing Fragility and Building Resilience in Africa: Group Strategy 2014-2019. Abidjan.
  • AfDB (2014b). Bank Group Regional Integration Policy and Strategy (RIPoS) 2014–2023. Abidjan.
  • AfDB (2014c). Investing in Gender Equality for Africa’s Trans-formation, 2014-2018. Abidjan.
  • AfDB (2014d). One Billion People, One Billion Opportunities: The Bank’s Human Capital Strategy for Africa (2014-2018). Abidjan.
  • AfDB (2015). Natural Gas Transmission and Distribution Net-work Development, Appraisal Report. African Development Bank, Tunisia, Tunis.
  • AfDB, ECA, AUC, and KIEP (2010). Achieving Strong, Sustained and Shared Growth in Africa in the Post-Crisis Global
  • Africa Progress Panel (APP) (2014). Grain Fish Mooney: Financing Africa’s Green and Blue Revolution. Africa Progress Panel Report, 2014.
  • African Development Report (2015) Growth, Poverty and Inequality Nexus: Overcoming Barriers to Sustainable Development.
  • Agence France-Presse (1 November 2019).’’African Development Bank Announces Record Capital Increase to 208 billion’’. Daily Monitor. Paris, France. Retrieved 1 November 2021.
  • Aghion P, Bolton P. A (1997). Theory of Trickle-Down Growth and Development. Lead article in the Review of Economic Studies.; 64 (2):151-172.
  • Boskov, T. (2018). Level of deepening financial infrastructure, Fintech Companies and Financial Inclusion: Theory and Evidence. IJIBM International Journal of Information, Business and Management, 10 (4), 23-31.
  • Burlando, A., & Canidio, A. (2015). Financial inclusion of vulnerable households through savings and borrowing groups: Theory and experimental evidence from Uganda. University of Oregon Research, Eugene. Economy. Paper presented at the 2010 KOAFEC Ministerial Conference (Seoul).
  • Mureithi, C. (2021).’’AfDB launches 463.9 billion social bond’’. Retrieved 2021-2-18.
  • Palestine Monetary Authority (2016). The role of Specialized Banks in the economy and the Pays? World Development, 27(1), pp. 67 – 82. African Journal of Economic Review, Volume IX, Issue II, April, 2021.171 Pesaran, M. H., Shin, Y. and Smith, R. J., (2001). Bounds testing approaches to the analysis of
  • Pimhidzai, O. et al., (2019). Microfinance and Household Welfare, s.l.: Combodia Policy Note.
  • Rahman, A., (1999). Micro-credit Initiatives for Equitable and Sustainable Development: Who
  • Schultz, T. W. (1980). Noble Lecture: the Economics of Being Poor. Journal of Political Economy,
  • Sethi, D., & Acharya, D. (2018). Financial inclusion and economic growth linkage: some cross-country evidence. Journal of Financial Economic Policy.
  • Shiba, O. M. and Issa, K. M. (2015). The Role of Specialized Banks in Economic Development
  • Sophie, P. Schmidt. and Ariane, V. (August, 2020).’’ Social Bonds can help mitigate the economic and social effects of the COVID-19 Crisis.
  • Sulemana, M., Naiim, F. M. and Adjanyo, C. (2019). Role of microfinance in poverty reduction with Emphasis on the Agricultural Banks. Beograd, 10, pp. 213–217.
  • Zorobabel, B. Zuzana; B., and Mthuli, N., (2015), Eliminating Extreme Poverty in Africa: Trends, Policies and the Role of International Organizations, Working Paper Series N° 223 African Development Bank, Abidjan, Côte d’Ivoire.
  • Banks, M. (2015). The Macro theme Review. 4(Iii), 49–57.
  • Johan Rewilak. (2013). FINANCIAL DEVELOPMENT AND POVERTY Thesis submitted for the degree of Doctor of Philosophy at the University of Leicester by Johan Rewilak MSc (Nottingham) Department of Economics University of Leicester September 2013. (September).
  • Okpara, G. C. (2010). Microfinance Banks and Poverty Alleviation in Nigeria. Journal of Sustainable Development in Africa, 12(6), 177–191.
  • Stanley, U. K., & Ezeanyeji, C. I. (2017). Impact of Microfinance Banks on Poverty Alleviation and Economic Growth in Nigeria. NG-Journal of Social Development, 6(5), 22–34. https://doi.org/10.12816/0042815
Toplam 29 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular Ekonomi
Bölüm Research Articles
Yazarlar

Mamadou Amırou Sall

Yayımlanma Tarihi 23 Aralık 2022
Yayımlandığı Sayı Yıl 2022 Cilt: 2 Sayı: 2

Kaynak Göster

APA Sall, M. A. (2022). Banks and Poverty Alleviation: An Assessment of the African Development Bank’s Activities. Industrial Policy, 2(2), 81-87.