eBook Financial Sector Development in Africa: Opportunities and Challenges (Directions in Development) ePub

Africa's financial systems face challenges across many dimensions, as discussed in the report financing Africa: through the crisis and . Beck, Thorsten; Maimbo, Samuel Munzele. Directions in development;finance.

Africa's financial systems face challenges across many dimensions, as discussed in the report financing Africa: through the crisis and beyond. The analysis in that report was based partly on several detailed background papers that are included in this volume. The next six chapters are written by experts in their respective areas and provide an in-depth analysis of these challenges and present possible solutions. Financial Sector Development in Africa : Opportunities and Challenges. Washington, DC: World Bank.

The chapters in this area cover microfinance in Africa, the role of technology, reforms of payment infrastructure, and financing agriculture. Two chapters cover challenges in increasing long-term finance; one covers housing finance and the other the role of sovereign wealth fund.

Opportunities and Challenges. Directions in Development. Some rights reserved. Samuel Munzele Maimbo, Lead Financial Sector Specialist, Europe and Central Asia (ECA) Finance and Private Sector Department, World Bank: Prior to joining the ECA Department, Samuel was lead financial sector specialist in the Africa region for five years.

Financial sector development in Africa: Opportunities and challenges. seminar on current developments in Monetary and Financial Law 24, 2004. The World Bank, 2012. The regulation and supervision of informal remittance systems: emerging oversight strategies. Sri Lanka's migrant labor remittances: enhancing the quality and outreach of the rural remittance infrastructure. E Lasagabaster, SM Maimbo, S Hulugalle. The World Bank, 2005.

Financing africa: through the crisis and beyond. Thorsten Beck, Samuel Munzele Maimbo, Issa Faye, Thouraya Triki.

Beck et al. argued that the shallowness of finance and the absence of developed financial market in Africa . This indicator varies positively with the level of economic development and has steadily increased over the past two decades, from a median of 14% in 1990 to 29% in 2007. argued that the shallowness of finance and the absence of developed financial market in Africa have reduced economic growth on the continent. Importantly, FDI can be a motivation for financial market reforms in the African continent and can also act as a vital tool to enhance liquidity, transparency and depth of the markets.

in: Thorsten Beck, Samuel Munzele Maimbo (ed., Financial sector development in Africa: opportunities and challenges, Washington, DC: World Bank, 177-231.