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Working Paper 174 - African Development Finance Institutions: Unlocking the Potential

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Abstract

African development finance institutions (DFIs) can play an important role in addressing market failures in credit markets. However, in spite of their importance, very little is known about them. This paper contributes to fill this gap by assessing the compliance of African DFIs with international best practices in corporate governance and risk management based on the results of the peer review process of the “Prudential Standards, Guidelines and Rating System for African Development Banks and Finance Institutions”. This paper finds that African DFIs are compliant with a number of best practices yet there is scope for improvement. This paper concludes that policymakers might consider addressing existing gaps should they wish improving the performance and effectiveness of African DFIs.

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  • Pietro Calice, 2013. "Working Paper 174 - African Development Finance Institutions: Unlocking the Potential," Working Paper Series 470, African Development Bank.
  • Handle: RePEc:adb:adbwps:470
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    5. Rafael La Porta & Florencio Lopez-De-Silanes & Andrei Shleifer, 2002. "Government Ownership of Banks," Journal of Finance, American Finance Association, vol. 57(1), pages 265-301, February.
    6. Titelman Kardonsky, Daniel, 2003. "La banca de desarrollo y el financiamiento productivo," Financiamiento para el Desarrollo 137, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    7. Scott, David H., 2007. "Strengthening the governance and performance of state-owned financial institutions," Policy Research Working Paper Series 4321, The World Bank.
    8. de Luna-Martinez, Jose & Vicente, Carlos Leonardo, 2012. "Global survey of development banks," Policy Research Working Paper Series 5969, The World Bank.
    9. repec:hrv:faseco:30747188 is not listed on IDEAS
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