Financial Development and Poverty Alleviation: Issues and Policy Implications for Developing and Transition Countries
40 Pages Posted: 1 Feb 2006
Date Written: October 2001
This paper reviews current thinking on the relationship between financial development and poverty alleviation - a subject that has grown increasingly important in the policy prescriptions of the IMF and other international financial institutions in recent years. Although work on this issue is far from over, some important lessons can be learned from the existing evidence. The paper reflects on these lessons and looks at some of the policy implications of the analysis.
Keywords: financial development, poverty alleviation
JEL Classification: G20, O10
Suggested Citation: Suggested Citation