460 Pages 62 B/W Illustrations
    by Routledge

    460 Pages 62 B/W Illustrations
    by Routledge

    Contemporary Issues in Development Finance provides comprehensive and up-to-date coverage of theoretical and policy issues in development finance from both the domestic and the external finance perspectives and emphasizes addressing the gaps in financial markets.

    The chapters cover topical issues such as microfinance, private sector financing, aid, FDI, remittances, sovereign wealth, trade finance, and the sectoral financing of agricultural and infrastructural projects. Readers will acquire both breadth and depth of knowledge in critical and contemporary issues in development finance from a philosophical and yet pragmatic development impact approach. The text ensures this by carefully integrating the relevant theoretical underpinnings, empirical assessments, and practical policy issues into its analysis. The work is designed to be fully accessible to practitioners with only a limited theoretical economic background, allowing them to deeply engage with the book as useful reference material. Readers may find more advanced information and technical details provided in clear, concise boxes throughout the text. Finally, each chapter is fully supported by a set of review questions and by cases and examples from developing countries, particularly those in Africa.

    This book is a valuable resource for both development finance researchers and students taking courses in development finance, development economics, international finance, financial development policy, and economic policy management. Practitioners will find the development impact, policy, and conceptual analysis dimensions insightful analysing and designing intervention strategies.

    1. Introduction to contemporary issues in development finance

    Joshua Yindenaba Abor, Charles Komla Delali Adjasi, and Robert Lensink

    2. Finance, economic growth, and development

    Lordina Amoah, Charles Komla Delali Adjasi, Issouf Soumare, Kofi Achampong Osei, Joshua Yindenaba Abor, Ebenezer Bugri Anarfo, Charles Amo-Yartey, and IsaacOtchere

    3. Microfinance and development

    Niels Hermes and Robert Lensink

    4. Private capital flows and economic growth

    Elikplimi Komla Agbloyor, Alfred Yawson, and Pieter Opperman

    5. Remittances and development

    Hanna Fromell, Tobias Grohmann, and Robert Lensink

    6. Foreign aid and economic development

    Matthew Kofi Ocran, Bernardin Senadza, and EricOsei-Assibey

    7. Global financial architecture: emerging issues and agenda for reforms

    Joshua Yindenaba Abor, Angela Azumah Alu, David Mathuva, and Joe Nellis

    8. Sovereign wealth management

    Mbako Mbo and Charles Komla Delali Adjasi

    9. Sovereign debt management

    Amin Karimu, Vera Fiador, and Imhotep Paul Alagidede

    10. Financial inclusion and economic growth

    Joshua Yindenaba Abor, Haruna Issahaku, Mohammed Amidu, and Victor Murinde

    11. Financing agriculture for inclusive development

    Haruna Issahaku, Edward Asiedu, Paul Kwame Nkegbe, and Robert Osei

    12. Financing sustainable development: new insights for the present and the future

    Gordon Abekah-Nkrumah, PatrickO. Assuming, Patience Aseweh Abor, and Jabir Ibrahim Mohammed

    13. International trade, finance, and development

    Steven Brakman and Charles van Marrewijk

    14. Infrastructure financing and economic development

    Saint Kuttu, shenafi Fanta, ichael Graham, and Joshua Yindenaba Abor

    15. Finance and economic development: the role of the private sector

    Elikplimi Komla Agbloyor, Joshua Yindenaba Abor, Haruna Issahaku, and Charles Komla Delali Adjasi


    Joshua Yindenaba Abor is a Professor of Finance at the Department of Finance, University of Ghana Business School, Ghana. He is also a Visiting Professor of Development Finance at the University of Stellenbosch Business School, South Africa. He has made significant contributions to financial economics literature, mainly in the areas of banking and finance, development finance, financial market development, corporate finance and governance, international financial flows, and growth.

    Charles Komla Delali Adjasi is a Professor of Development Finance and Economics at the University of Stellenbosch Business School, South Africa. He is also a Visiting Professor at the Department of Economics, Econometrics and Finance, University of Groningen, the Netherlands. His research focuses on financial markets development, firm productivity, international trade, and household welfare.

    Robert Lensink is a Professor of Finance and Financial Markets at the Department of Economics, Econometrics and Finance, University of Groningen, the Netherlands. He is also a Professor of Finance and Development at the Development Economics Group, Wageningen University & Research, and has published widely in the area of development finance.

    “This book provides an excellent overview of the challenges of financial sector development in developing countries. The different chapters touch on all the relevant dimensions, including international capital flows, microfinance and financial inclusion. An important contribution to our field!” – Thorsten Beck, Professor of Banking and Finance, The Business School (formerly Cass), University of London, UK

    “An abundance of literature exists in development finance, but this book will be an important ‘one stop shop’ for researchers, teachers, and policy makers. It is thematic and coherent. The underpinning is on contemporary theories and empirics linking finance and development with emphasis on inclusive development. This is because financial sector development alone does not ensure inclusive finance that is vital for inclusive development. The financial instruments considered are also wide ranging; so are the actors  who can help bridge the financial development gap.” – Lemma Senbet, The William E. Mayer Chair Professor of Finance, University of Maryland, USA; Immediate Past Executive Director/CEO, African Economic Research Consortium