Financing Third World Development: Perspective of the African Development Bank (AfDB)

Danjuma Maijamaa, Mohammed Umar, Sulaiman Mohammed Lame and Ejuvbekpokpo Stephen Akpo

International Journal of Financial Economics, 2014, vol. 3, issue 4, 184-191

Abstract: This paper provides an exposition on African Development Bank (AfDB) Group financial engagements to member countries in the form of loans, grants and equity participation using incidence analysis. Over Unit of Account (UA) 29 billion have been approved by the Bank to finance various desirable development projects and programs to help the regional member countries achieve sustainable and inclusive growth and development. Although, the AfDB believed to have made progress in contributing to development in areas like micro finance, trade, energy, health as well as agriculture and food security. Yet, little progress was made in prioritized areas of infrastructure, governance, education and regional integration. Also, economic growth and poverty reduction, environment, clean energy and employment recorded insignificant progress. Newer accountability mechanism should be developed and the existing ones strengthened in addition to cogent monitoring and evaluation to ensure prompt completion of projects and programmes.

Keywords: AfDB Group; Development; Financial engagement; Third World (search for similar items in EconPapers)
Date: 2014
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://rassweb.org/admin/pages/ResearchPapers/Paper%201_1496868268.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rss:jnljfe:v3i4p1

Access Statistics for this article

More articles in International Journal of Financial Economics from Research Academy of Social Sciences
Bibliographic data for series maintained by Danish Khalil ().