10 June 2016
Together with a group of researchers from universities in the UK, Canada, US and Ghana and the African Economic Research Consortium (AERC), Professor Robert Lensink, Professor Niels Hermes and Professor Shubhashis Gangopadhyay of the Center for International Banking, Insurance and Finance (CIBIF) at the Faculty of Economics and Business have been awarded a grant worth €2.61 million from the British DFID-ESRC Growth Research programme (DEGRP).
The grant will be used to do research on developing policies to help make the financial sector an effective instrument in promoting financial inclusion and sustained growth in low-income countries. The research project will be carried out over a four-year period.
Led by Professor Victor Murinde at SOAS University of London, a consortium of partners will collaborate on a €2.61 million research project, on inclusive finance, funded under the DFID- ESRC Growth Research programme (DEGRP) Call 3 (2015/2016).
To be delivered over a four year period (2016-2020), the research addresses three core questions:
- How can institutional frameworks support inclusive financial development?
- What role do private and public capital inflows play in domestic financial inclusion in Africa?
- How can private and public institutions in Africa be a catalyst and channel for technological diffusion and financial inclusion?