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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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