IDEAS home Printed from https://ideas.repec.org/a/rss/jnljfe/v3i4p1.html
   My bibliography  Save this article

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

Author

Listed:
  • Danjuma Maijamaa
  • Mohammed Umar
  • Sulaiman Mohammed Lame
  • Ejuvbekpokpo Stephen Akpo

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.

Suggested Citation

  • Danjuma Maijamaa & Mohammed Umar & Sulaiman Mohammed Lame & Ejuvbekpokpo Stephen Akpo, 2014. "Financing Third World Development: Perspective of the African Development Bank (AfDB)," International Journal of Financial Economics, Research Academy of Social Sciences, vol. 3(4), pages 184-191.
    • Handle: RePEc:rss:jnljfe:v3i4p1
    as

    Download full text from publisher

    File URL: http://rassweb.org/admin/pages/ResearchPapers/Paper%201_1496868268.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rss:jnljfe:v3i4p1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Danish Khalil (email available below). General contact details of provider: http://www.rassweb.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.