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Book Cover
E-book
Author Mlachila, Montfort

Title Banking in Sub-Saharan Africa : the macroeconomic context / Montfort Mlachila, Seok Gil Park and Masafumi Yabara
Published [Washington, D.C.] : International Monetary Fund, ©2013

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Description 1 online resource (34 pages)
Series African Department ; 13/03
International Monetary Fund. African Department (Series) ; 13/3.
Summary Many countries in sub-Saharan Africa (SSA) have seen accelerated growth for an extended period of time since the mid-1990s, making a clear break with their long stagnant growth during the previous two decades. That said, the region faces significant challenges over the medium to long term, including reducing poverty, overcoming infrastructure bottlenecks, enhancing productivity and skill levels, and improving the business climate, among others. The banking sector remains underdeveloped in SSA, thus reducing its contribution to growth, although its limited integration with global financial markets helped countries weather adverse effects of the global financial crisis. It is imperative that the banking sector plays a more active role in SSA, in order to achieve sustainable growth led by the private sector. This paper, building on the recent literature on SSA, discusses the main features of the region's growth and macroeconomic performance in recent years and the outlook for the coming years; it then reviews the main features of SSA banking systems and how they were affected by the global economic crisis, while flagging some factors that could influence financial sector developments in SSA in the period ahead
Notes Title from pdf title page (IMF Web site, viewed Oct. 3, 2013)
Bibliography Includes bibliographical references
Subject Banks and banking -- Africa, Sub-Saharan
Economic development -- Africa, Sub-Saharan
Financial institutions -- Africa, Sub-Saharan
Banks and banking.
Economic development.
Economic history.
Financial institutions.
SUBJECT Africa, Sub-Saharan -- Economic conditions. http://id.loc.gov/authorities/subjects/sh85001673
Subject Sub-Saharan Africa.
Form Electronic book
Author Park, Seok Gil
Yabara, Masafumi
International Monetary Fund.
ISBN 9781484344538
1484344537