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has been cited by the following article:

• TITLE: Statistical and Qualitative Evaluation of the Effectiveness of the African Development Bank’s Financial Sector Development Operations, 2011-2018

  AUTHORS: Albert-Enéas Gakusi, Barbara Scola, Zahra Khimdjee, Mohamed Coulibaly

  KEYWORDS: Financial Sector Development, Financial Instruments, Access to Finance, Relevance, Quality of the Design, Effectiveness, Efficiency, Impacts, Sustainability

  JOURNAL NAME: Modern Economy, Vol.13 No.4, April 13, 2022

  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.