Statistical and Qualitative Evaluation of the Effectiveness of the African Development Bank’s Financial Sector Development Operations, 2011-2018
- 1 Independent Development Evaluator, Previously Chief Evaluation Officer at the African Development Bank, Abidjan, Côte d’Ivoire
- 2 Senior Consultant in Inclusive Finance, Paris, France
- 3 Senior Consultant in Inclusive Finance, Paris, France
- 4 Principal Country Program Officer at the African Development Bank, Abidjan, Côte d’Ivoire
Abstract
This paper aims to present the results of the evaluation of the financial sector development operations of the African Development Bank during 2011-2018 to assess if the policy and strategy approved in 2014 made a difference. To this end, the paper analyzes the financial sector development portfolio while comparing the pre and post 2014 policy and strategy periods. The evaluation found that the structure and the evolution of the portfolio had many positives in line with the 2014 financial sector development policy and strategy. It makes recommendations to improve the design of the new strategy as well as the design and the implementation of the operations.
- AfDB (African Development Bank) (2003, July). Bank Group Financial Sector Policy. African Development Bank.
- AfDB (African Development Bank) (2006). Policy Framework for Bank Lending in RMC Currencies. African Development Bank.
- AfDB (African Development Bank) (2014, October). Draft Financial Sector Development Policy and Strategy (2014-19-Revised). African Development Bank, OFSD.
- BDEV (Independent Development Evaluation) (2018, November). Do Lines of Credit Attain their Development Objectives. African Development Bank.
- BDEV (Independent Development Evaluation) (2019, September). Evaluation of the African Development Bank’s Integrated Safeguards System. African Development Bank.
- BDEV (Independent Development Evaluation) (2020a, July). Evaluation of the Bank’s Role in Increasing Access to Finance in Africa: Summary Report. African Development Bank. http://idev.afdb.org/en/document/evaluation-banks-role-increasing-access- finance-africa-thematic-evaluation
- BDEV (Independent Development Evaluation) (2020b, July). Evaluation of the Bank’s Role in Increasing Access to Finance in Africa: Cluster Evaluation. African Development Bank. http://idev.afdb.org/en/document/evaluation-afdbs-role-increasing- access-finance-africa-project-cluster-evaluation
- BDEV (Independent Development Evaluation) (2020c, July). Evaluation of the Bank’s Role in Increasing Access to Finance in Africa: Techical Annexes. African Development Bank. http://idev.afdb.org/sites/default/files/documents/files/A2F%20TE%20 TECHNICAL%20ANNEXES%20-ENGLISH_Clean.pdf
- BDEV (Independent Development Evaluation) (2020d). Reports on the Case Study in Burkina Faso, Nigeria, Cameroon, Namibia, Kenya, Egypt (Afreximbank), and Tunisia. African Development Bank.
- Beck, T. et al. (2011). Financing Africa through the Crisis and Beyond. African Development Bank, BMZ (Federal Ministry for Economic Cooperation and Development), the World Bank.
- Genesis Analytics (2018). Scaling up SME Support in Africa: A Strategic Review of the African Development Bank’s SME Support Operations.
- Morsy, H. (2020, March). Access to Finance: Why Aren’t Women Leaning In? Women Are Self-Selecting out of the African Credit Market. Finance & Development, International Monetary Fund.