Financing Africa : Through the
            Crisis and Beyond

doi:10.1596/978-0-8213-8797-9

Publication:
Financing Africa : Through the Crisis and Beyond

dc.contributor.author	Faye, Issa
dc.contributor.author	Beck, Thorsten
dc.contributor.author	Triki, Thouraya
dc.contributor.author	Maimbo, Samuel Munzele
dc.date.accessioned	2012-03-19T09:04:45Z
dc.date.available	2012-03-19T09:04:45Z
dc.date.issued	2011-09-07
dc.description.abstract	Financing Africa: through the crisis and beyond is a call to arms for a new approach to Africa's financial sector development. First, policy makers should focus on increasing competition within and outside the banking sector to foster innovation. This implies a more open regulatory mindset, possibly reversing the usual timeline of legislation-regulation-innovation for new players and products. It also implies expanding traditional infrastructure, such as credit registries and payment systems beyond banks. Second, the focus should be on services rather than existing institutions and markets. Expanding provision of payment, savings and other financial services to the unbanked might mean looking beyond existing institutions, products, and delivery channels, such as banks, traditional checking accounts, and brick-and-mortar branches. All financial sector policy is local. To reap the benefits of globalization, regional integration, and technology, policy makers have to recognize the politics of financial deepening and build constituencies for financial sector reform. While the challenges of expanding access, lengthening contracts, and safeguarding the financial system are similar, the ways of addressing them will depend on the circumstances and context of each country. With its cautiously optimistic tone, this book creates an opportunity for Africa's policy makers, private sector, civil society, and development partners to harness the progress of the past as a way to address the challenges of the future and enable the financial sector to play its rightful role in Africa's transformation.	en
dc.identifier	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000356161_20110928015744
dc.identifier.doi	10.1596/978-0-8213-8797-9
dc.identifier.isbn	978-0-8213-8797-9
dc.identifier.uri	https://hdl.handle.net/10986/2355
dc.language	English
dc.publisher	World Bank
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo
dc.title	Financing Africa : Through the Crisis and Beyond	en
dspace.entity.type	Publication
okr.date.disclosure	2011-09-28
okr.doctype	Publications & Research::Publication
okr.doctype	Publications & Research::Publication
okr.docurl	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000356161_20110928015744
okr.guid	633671468194645126
okr.identifier.doi	10.1596/978-0-8213-8797-9
okr.identifier.externaldocumentum	000356161_20110928015744
okr.identifier.internaldocumentum	15156208
okr.identifier.report	64664
okr.language.supported	en
okr.pdfurl	http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2011/09/28/000356161_20110928015744/Rendered/PDF/646640PUB0fina00Box361543B00PUBLIC0.pdf	en
okr.region.administrative	Africa
okr.unit	Finance & Private Sector Dev. (MNSF1)
okr.volume	1 of 1
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