Sub-Saharan Africa: Financial Sector Challenges

Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
Cover of the book Sub-Saharan Africa: Financial Sector Challenges by Catherine  Ms. Pattillo, Anne Ms. Gulde, Kevin Carey, Smita Ms. Wagh, Jakob Mr. Christensen, INTERNATIONAL MONETARY FUND
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Author: Catherine Ms. Pattillo, Anne Ms. Gulde, Kevin Carey, Smita Ms. Wagh, Jakob Mr. Christensen ISBN: 9781452707945
Publisher: INTERNATIONAL MONETARY FUND Publication: August 28, 2006
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Catherine Ms. Pattillo, Anne Ms. Gulde, Kevin Carey, Smita Ms. Wagh, Jakob Mr. Christensen
ISBN: 9781452707945
Publisher: INTERNATIONAL MONETARY FUND
Publication: August 28, 2006
Imprint: INTERNATIONAL MONETARY FUND
Language: English
Financial sectors in low-income sub-Saharan Africa (SSA) are among the world's least developed. In fact, assets in most low-income African countries are smaller than those held by a single medium-sized bank in an industrial country. The absence of deep, efficient financial markets seriously challenges policy making, hinders poverty alleviation, and constrains growth. This book argues that building efficient and sound financial sectors in SSA countries will improve Africa's economic prospects. Based on a review of the key features of financial systems, it discusses the main obstacles and challenges that financial structures pose for SSA economies and recommends steps that could address major shortcomings in implementing the reform agenda.
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Financial sectors in low-income sub-Saharan Africa (SSA) are among the world's least developed. In fact, assets in most low-income African countries are smaller than those held by a single medium-sized bank in an industrial country. The absence of deep, efficient financial markets seriously challenges policy making, hinders poverty alleviation, and constrains growth. This book argues that building efficient and sound financial sectors in SSA countries will improve Africa's economic prospects. Based on a review of the key features of financial systems, it discusses the main obstacles and challenges that financial structures pose for SSA economies and recommends steps that could address major shortcomings in implementing the reform agenda.

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