Poverty reduction in the Asia and the Pacific region in 2005-2008 had been quite significant. Despite the global crisis, an estimated 150 million people exited extreme poverty by 2008 – from 903.4 million in 2005 to 753.5 million, bringing the percentage of people living under the $1.25 per...

This paper reviews the theoretical and empirical literature on the role of financial sector development, with a view to deepening understanding of the rationale of development assistance to the financial sector of developing countries. The review leads to the following broad conclusions: (i)...

This paper reviews the theoretical and empirical literature on the role of financial sector development, with a view to deepening understanding of the rationale of development assistance to the financial sector of developing countries. The review leads to the following broad conclusions: (i)...