Financial Development and Poverty Alleviation: Issues and Policy Implications for Developing and Transition Countries

October 1, 2001

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Credit, Financial markets, Financial sector development, Financial services, Money, National accounts, Personal income, Poverty, Poverty reduction

Keywords: adverse selection, Caribbean, Credit, credit scoring, Eastern Europe, Europe, financial development, Financial sector development, interest rate, market share, Personal income, poverty alleviation, poverty issue, Poverty reduction, poverty-growth relationship, private sector, real value, South Asia, state divestiture, state involvement, state withdrawal, WP

Pages:
40
Volume:
2001
DOI:
https://doi.org/10.5089/9781451857740.001
Issue:
160
Series:
Working Paper No. 2001/160
Stock No:
WPIEA1602001
ISBN:
9781451857740
ISSN:
1018-5941

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