Promoting Sustainable Finance for Enhanced Economic Growth in Sub-Saharan Africa

David Mhlanga and Adesanmi Timothy Adegbayibi ()
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David Mhlanga: The University of Johannesburg
Adesanmi Timothy Adegbayibi: University of Johannesburg

Chapter Chapter 23 in Sustainable Finance and Business in Sub-Saharan Africa, 2024, pp 473-492 from Springer

Abstract: Abstract Over the past several years, there has been a global increase in the adoption of sustainable finance concepts in economic systems. This is done to tackle environmental and social issues while also promoting economic development. This chapter examines the influence of sustainable financing on the economic expansion in Sub-Saharan Africa. Given the distinctive economic and environmental difficulties faced by the region, it is crucial to comprehend the connection between sustainable financing and economic development. This study explores the impact of sustainable finance practices on long-term economic growth, financial stability, and resilience in Sub-Saharan Africa by analyzing significant sustainability programs, financial instruments, and legislative frameworks. The results emphasize the possible advantages, difficulties, and possibilities linked to integrating sustainability into financial systems. This provides valuable information for policymakers, financial institutions, and investors who aim to foster comprehensive and sustainable economic development in the area.

Keywords: Africa; Economic growth; Sub-Saharan; Sustainable finance (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-74050-3_23

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DOI: 10.1007/978-3-031-74050-3_23

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