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An evaluation of the financial performance of the African Development Bank

Author

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  • Charles Okeahalam
  • Victor Murinde

Abstract

This paper analyses the financial performance of the African Development Bank. A two-pronged approach is applied. Firstly, we conduct a discussion of the role of development banks and the difficulties of finding an appropriate measure with which to assess their performance. Secondly, we develop a data set of the balance sheet and income statements of the African Development Bank (ADB) Group for the period 1970–2000. This is used to conduct a simple statistical analysis of the relationship of variables that might affect the financial performance of the ADB group. The basic finding is that differences in the terms and conditions of financing via the concessional Africa Development Fund (ADF) window, relative to the ADB bank window, have presented the ADB group with a number of challenges. Policy responses involve designing carefully tailored schemes to reduce the level of non-performing ADF grants, creating incentives for recipients of ADF grants to graduate to the ADB loan window, and the greater pursuit of institutional, macroeconomic and microeconomic reforms in ADB group client countries.

Suggested Citation

  • Charles Okeahalam & Victor Murinde, 2004. "An evaluation of the financial performance of the African Development Bank," International Journal of Accounting, Auditing and Performance Evaluation, Inderscience Enterprises Ltd, vol. 1(1), pages 125-142.
    • Handle: RePEc:ids:ijaape:v:1:y:2004:i:1:p:125-142
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