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Financial Development in Sub-Saharan Africa
Montfort Mlachila • Ahmat Jidoud • Monique Newiak • Bozena Radzewicz-Bak • Misa Takebe
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This paper provides a comprehensive review of financial development in sub-Saharan Africa and discusses how financial development can boost economic growth and make it more inclusive and less volatile. Building on a chapter in the April 2016 Regional Economic Outlook for sub-Saharan Africa, this paper provides an up-to-date panorama of various facets of financial development and how it has evolved over the past few decades. It draws on both country-specific and cross-country work undertaken in the African Department of the IMF, and also undertakes in-depth empirical analysis on issues such as the macroeconomic impact of financial development and its drivers. The analysis highlights how the region is performing compared with its peers in areas where the region is doing particularly well such as theadoption of mobile banking technologies, as well as in areas where it is falling short. Finally, the paper also provides a detailed set of policy recommendations.
- Format: Pocket/Paperback
- ISBN: 9781475532401
- Språk: Engelska
- Antal sidor: 79
- Utgivningsdatum: 2017-03-30
- Förlag: International Monetary Fund (IMF)