DRIVERS OF GROWTH : Banks clearly have the power to fuel growth and development . In fact , it has been argued that the smooth running of a country ’ s economic activities depends on an efficient banking system1 , while others cite banks ’ abilities to foster economic growth through funding productive projects as a prerequisite for economic growth .
LOCAL TO GLOBAL IMPACT : The impact of banking organizations can be seen as well on a larger scale as multilateral development banks ( MDBs ) – such as the World Bank or a regional bank such as the EBRD , or African Development Bank – have a hugely positive impact on public health , peace , security , climate change and digitization .
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