The functions of development banks in poverty alleviation in economically disadvantaged areas of I.R.I

Document Type : Article

Authors

1 MSc Student, Department of Finance, Faculty of Islamic Studies and Management, Imam Sadiq University (AS), Tehran, Iran

2 Ph.D. Candidate, Department of Finance, Faculty of Islamic Studies and Management, Imam Sadiq University (AS), Tehran, Iran

10.30497/rmg.0622.77529

Abstract

Development Banks play an important role in infrastructure projects all over the world. These banks support long-term finance to our strategic economic sectors. They played a vital role in shaping Iran’s economic landscape by promoting industrial growth, infrastructure development, and financial inclusion. This article aims to study the Development Banks in Iran, including their meaning, types, and their roles in facilitating financing for infrastructure projects, that bring growth and poverty alleviation in less developed areas in Iran. Development is necessary and inevitable in any country which has been accepted globally as a fact. Economic development is the most important element in the process of development while no country may be considered to be developed without economic growth. Banks are financial intermediaries that can bring economic growth in society with connecting people who have excess capital and people or entities who need additional capital.  In the banking industry, there are different types of institutions that serve distinct customers and offer various services different types of customers in each special economy.

Keywords

Religion, Management, & Governance
Volume 2, Issue 1 - Serial Number 3
Articles
November 2023
Pages 51-70

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