Posted on by Katerina

Inclusive Economic Growth: Financial Opportunities. Case Study of the African Development Bank

Author:

Sergey Matveevskii

Abstract:

The article examines the opportunities of the African Development Bank (the Bank) to stimulate inclusive economic growth (IEG) in African countries. The author analyses the definition of IEG, the main areas (clusters) of operations that affect it, indicators and indices that allow evaluating IEG. The obtained data on the clusters of operations that stimulate IEG allowed the author to hypothesize that the Bank’s projects in the relevant segments of the economy should (taking into account the current level of development, existing priorities and the level of current inclusiveness in the region or country), within the framework of the current strategy of cooperation with an African country, directly stimulate the IEG. The Bank’s projects reviewed by the author, aimed at providing IEG in selected African countries, confirm this hypothesis.

Keywords:

inclusive economic growth (IEG), African Development Bank, country cooperation strategy, project, indicators and indices of inclusive economic growth, stimulating IEG

DOI:

10.31132/2412-5717-2023-62-1-38-51

References:

1. African Development Bank Group in North Africa. Looking for inclusion. 2014. https://www.afdb.org/ fileadmin/uploads/afdb/Documents/Publications/TheAfDB_Group_in_North_Africa_2014.pdf (accessed 15.01.2021)
2. African Development Bank Group. Briefing Notes for AfDB’s Long-Term Strategy. Briefing Note 6: Inclusive growth agenda. 10 April 2012. https://www.afdb.org/fileadmin/uploads/afdb/Documents/Policy-Documents/FINAL%20Briefing%20Note%206%20Inclusive%20Growth.pdf (accessed 07.11.2021)
3. African Development Bank Group. https://www.afdb.org/en/about/corporate-information (accessed 20.05.2022)
4. African development bank. Algeria. Technical assistance for the study on inclusive growth and employment. Project completion report. July 2020. https://www.afdb.org/en /documents/algeria-technical-assistance-study-inclusive-growth-project-completion-report (accessed 09.04.2022)
5. African development bank. Program: support for economic recovery and inclusive growth (SERIG), phase1. Country: Kingdom of Eswatini. Appraisal report. Date: October 2021. https://projectsportal.afdb.org/dataportal/VProject/show/P-SZ-K00-005 (accessed 22.05.2022)
6. De Luna-Martínez, J. 2017 Survey of National Development Banks. Global report. World Bank Group. https://documents1.worldbank.org/curated/en /977821525438071799/pdf/2017-Survey-of-National-development-banks.pdf (accessed 19.04.2021)

Show More

7. Eurasian Economic Commission. United Nations Conference on Trade and Development. Inclusive growth of the Eurasian Economic Union Member States: assessments and opportunities. EEC, UNCTAD, 2019. https://www.researchgate.net/profile/Steve-Macfeely/publication/337946978_ Inclusive_Growth_of_the_Eurasian_Economic_Union_Member_States_assessments_and_opportunities/links/5df768a44585159aa48095c5/Inclusive-Growth-of-the-Eurasian-Economic-Union-Member-States-assessments-and-opportunities.pdf?origin=publication_detail (accessed 12.05. 2020)
8. Framework of inclusive growth indicators 2014. Key indicators for Asia and the Pacific. Special supplement. Asian development bank. https://www.adb.org/sites/default/ files/publication/42813/ ki2014-special-supplement_0.pdf (accessed 02.01.2019)
9. Griffith-Jones, S. 2021. The roles and importance of development banks. CEPAL, Seminario Fiscal, 23 de abril, 2021. https://www.cepal.org/sites/default/files/presentations/stephany_griffith-jones. pdf (accessed 17.09.2021)
10. Inclusive Growth and Transitioning to Green Growth in Country Strategy Papers: Progress and Challenges IDEV. African Development Bank. 2015. https://idev.afdb.org/sites /default/files/ Evaluations/2020-02/Evaluation%20Matters%20Fourth%20Quarter%202015%20-%20Emerging %20Solutions%20to%20Development%20 Evaluation%20Vol%20II.pdf (accessed 05.01.2021)
11. Inclusive Growth: A Synthesis of Findings from Recent IEG Evaluations 2018. IEG – Independent evaluation group World Bank. https://openknowledge.worldbank.org/handle/10986/30900 (accessed 02.01.2022)
12. Measuring Inclusive Growth: From Theory to Applications in North Africa. Working Paper. North Africa Policy Series. African development bank. 2016. https://www.afdb.org/fileadmin/ uploads/ afdb/Documents/Publications/North_Africa_-_Working_paper_-_Measuring_Inclusive_Growth__From_theory_to_applications (accessed 12.12.2021)
13. Promoting Inclusive Growth. Challenges and policies. Edited by Luiz de Mello and Mark A. Dutz. 2012. https://openknowledge.worldbank.org/handle/10986/16948 (accessed 22.06.2019)
14. World Economic Forum. The Inclusive Development Index 2018. Summary and Data Highlights. https://www.weforum.org/reports/the-inclusive-development-index-2018 (accessed 22.02.2022)

Full Article