Development Finance As Institution Building: A New Approach To Poverty-oriented Banking

This comparative study of programs against poverty in developing countries emphasizes the importance of building sustainable, target group-oriented financial institutions to have a greater development impact than external funds. It has implications for development policy and is of interest to development specialists, policymakers, and scholars.

Format: Paperback / softback
Length: 174 pages
Publication date: 30 June 2022
Publisher: Taylor & Francis Ltd

In this comprehensive comparative analysis of programs aimed at alleviating poverty in developing countries, the authors make a compelling argument for the establishment of sustainable, targeted financial institutions as a crucial and achievable approach. They assert that such institutions have the potential to yield far greater developmental outcomes compared to the direct allocation of external funds to vulnerable target groups such as small and micro-scale businesses, small farmers, and women.

The analysis conducted in this study encompasses a wide range of factors and considerations, shedding light on the complexities and challenges associated with poverty alleviation. It emphasizes the importance of building financial institutions that are tailored to meet the specific needs and circumstances of the poor, ensuring that resources are allocated effectively and efficiently.

One of the key findings of the analysis is that sustainable, targeted financial institutions can foster economic growth and stability by providing access to finance for small businesses and entrepreneurs. This, in turn, can create job opportunities, increase income levels, and promote social mobility. Moreover, these institutions can play a vital role in promoting gender equality and empowering women by providing them with access to financial services and resources.

Furthermore, the analysis suggests that sustainable, targeted financial institutions can contribute to the development of local economies by promoting entrepreneurship, innovation, and investment. By providing financial support to small businesses and entrepreneurs, these institutions can stimulate economic activity and create a multiplier effect, leading to further growth and development.

In conclusion, this comparative study of programs against poverty in developing countries presents a compelling case for the establishment of sustainable, targeted financial institutions. The analysis highlights the potential of such institutions to yield significant developmental outcomes, promote economic growth, and empower vulnerable target groups. As development specialists, policymakers, and scholars of development finance and international banking, it is essential to consider the findings of this study and explore ways to integrate sustainable, targeted financial institutions into poverty alleviation strategies.

ISBN-13: 9780367159849