Development Financing in Africa

This book addresses the current state of development finance in Africa. It presents a thorough and critical analysis of development financing, and makes the case for creative and diverse financing approaches to meet Africa’s macroeconomic issues. Chapters consider the socioeconomic challenges faced by the African continent in this contemporary moment. The book discusses how mitigating the impacts of the pandemic, eliminating poverty, reducing inequality, and combating climate change requires enormous sustainable financial resources, and illustrates how development finance emerged as an instrumental model in achieving these objectives. This book contributes to the literature by providing evidence on emerging concerns in development financing in Africa, including theoretical underpinnings, empirical assessments, and practical policy issues. This book provides an updated reference document for policymakers, researchers, and students of development finance.

George Agyekum Donkor is the president (CEO) and chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID). Dr. Donkor is a lawyer and a banker with over twenty-eight (28) years' experience in senior management positions. He is the author of the book Customer Relationship Management Practices within the Rural Banking Industry in Ghana and has several other publications to his credit. He serves on several Boards including the ECOBANK Transnational Incorporated (ETI), WAICA RE-Capital, and WAICA RE-Insurance. Joshua Yindenaba Abor is a Financial Economist and professor of Finance. He is a former dean at the University of Ghana Business School. He is a researcher with the African Economic Research Consortium, and an external fellow at the Centre for Global Finance, SOAS University of London, UK. He contributes to the financial economics literature and his papers have appeared in reputable international journals. He has authored and edited highly cited books. He was a consultant and senior research fellow at the Afreximbank. He was a senior research consultant at the ECOWAS Bank for Investment and Development and has held Visiting Scholar positions at the IMF. He is also a member of the Monetary Policy Committee of the Bank of Ghana.