The Role of Regional Development Banks: Comparing African Development Bank and Asian Development Bank

Lordina Amoah (), Ebenezer Bugri Anarfo (), Janet Talata Abor () and Joseph G. Nellis ()
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Lordina Amoah: University of Ghana Business School
Ebenezer Bugri Anarfo: GIMPA Business School, Ghana Institute of Management and Public Administration
Janet Talata Abor: Cedi House, Bank of Ghana
Joseph G. Nellis: Bromham Grange

Chapter Chapter 13 in Perspectives on Development Banks in Africa, 2024, pp 299-327 from Springer

Abstract: Abstract Regional Development Banks (RDBs) play a significant role in fostering and accelerating development in their regions through the support they provide to governments and the private sector. The discussion regarding the role of RDBs in the economic development process and agenda in the regions they serve is gaining momentum. In this chapter, we put the spotlight on two regional banks, the African Development Bank (AfDB) and the Asian Development Bank (ADB), given the unique and intriguing similarities in the history and growth trajectory of the two regions they each operate in. Regarding the mandates, both the AfDB and the ADB strive to promote economic and social development objectives in their respective regions. Indeed, while the operations of both AfDB and ADB have had positive impacts on the economies in their respective regions, there are still outstanding successes to be chalked in regional integration.

Keywords: Regional Development Banks; African Development Bank and Asian Development Bank (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-59511-0_13

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DOI: 10.1007/978-3-031-59511-0_13

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