Bankable Assets : Africa Faces Many Obstacles in Developing Financial Systems

Sound, deep, and efficient financial sectors are vital for high sustained, private sector-led growth. But financial sectors in their current form pose major problems for the economies of sub Saharan Africa (SSA). Insufficient access to credit by sm...

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Bibliographic Details
Main Authors:	Christensen, Jakob, Gulde, Anne-Marie, Pattillo, Catherine
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCESS TO BANK ACCESS TO CREDIT ACCESS TO FINANCIAL SERVICES ACCOUNTING ACCOUNTING PRACTICES ADVANCED TECHNOLOGY ASSET RATIOS BANK DEBT BANK FINANCING BANK LENDING BANK SERVICES BANKING LAWS BANKING SECTOR BANKING SECTOR EFFICIENCY BANKING SYSTEM BANKING SYSTEMS BORROWING BRANCH NETWORK CAPITAL ACCOUNT CAPITAL ACCOUNT LIBERALIZATION CAPITAL ASSET CAPITAL INFLOW CAPITAL INFLOWS CENTRAL BANK CENTRAL BANKS COLLATERAL COLLATERALIZATION COMMERCIAL BANK COMMERCIAL BANK ASSETS COMMERCIAL BANK LENDING COMMERCIAL BANKS COMMERCIAL CONTRACT COMMERCIAL DEBT COMMERCIAL LAWS COMMERCIAL PAPER COMPETITIVE MARKET CONSUMER CONSUMER CREDIT CORPORATE FINANCING CREDIT AGENCIES CREDIT INFORMATION CREDIT INFORMATION BUREAUS CREDIT PRODUCTS CREDIT REPORTS CREDITORS DEBT INSTRUMENTS DEBT ISSUES DEBT RELIEF DEPOSIT DEPOSIT ACCOUNT DEPOSIT RATES DEPOSITS DEVELOPMENT BANKS DOMESTIC BANKS DOMESTIC DEBT DOMESTIC DEBT MARKETS EARNINGS ECONOMIC OPPORTUNITIES ECONOMIES OF SCALE EMERGING MARKETS ENFORCEABILITY ENFORCEABILITY OF CONTRACTS EXPORT CREDIT FINANCE COMPANIES FINANCIAL DECISIONS FINANCIAL DEEPENING FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTEGRATION FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL MARKET DEVELOPMENT FINANCIAL MARKETS FINANCIAL REFORMS FINANCIAL SECTOR FINANCIAL SECTOR INFRASTRUCTURE FINANCIAL SECTOR REFORM FINANCIAL SECTOR REFORMS FINANCIAL SECTORS FINANCIAL SYSTEM FINANCIAL SYSTEMS FISCAL MANAGEMENT FISCAL POSITIONS FIXED COSTS FOREIGN BANKS FOREIGN DIRECT INVESTMENT FOREIGN INVESTORS FOREIGN PORTFOLIO FOREIGN PORTFOLIO INVESTMENT FORMAL SAVINGS GLOBAL FINANCIAL SYSTEM GLOBALIZATION GOVERNMENT DEBT GOVERNMENT DEBT SECURITIES GOVERNMENT FINANCIAL INSTITUTIONS GOVERNMENT SECURITIES GROUP GUARANTEES HARMONIZATION HIGH INTEREST RATES HOUSEHOLD DEPOSITS HOUSEHOLDS HOUSING IMPLICIT TAX INCOME INDUSTRIAL COUNTRIES INSURANCE INSURANCE COMPANIES INTEREST EARNINGS INTEREST RATE INVESTING INVESTOR BASE INVESTOR INTEREST JUDICIAL SYSTEMS LAND TITLING LEGAL ENVIRONMENTS LEGAL FRAMEWORKS LENDING INTEREST RATES LIQUIDITY LOAN LOAN PORTFOLIO LOAN REPAYMENT MACROECONOMIC PERFORMANCE MACROECONOMIC POLICIES MARKET CAPITALIZATION MARKET CONDITIONS MARKET DEVELOPMENT MARKET EFFICIENCY MARKET ENTRY MARKET SIZE MEDIUM ENTERPRISES MFI MFIS MICROFINANCE MICROFINANCE INSTITUTIONS MIDDLE-INCOME COUNTRIES MINIMUM DEPOSIT MOBILE PHONE MONETARY FUND MONETARY POLICY MONEY TRANSFER MORTGAGE MORTGAGE FINANCE MOVABLE PROPERTY NATIONAL TREASURIES NEW MARKETS NONBANK FINANCIAL INSTITUTIONS OPERATING COSTS OUTREACH OVERDUE LOANS PAYMENT SYSTEMS PENSION PENSION FUNDS POST OFFICES POSTAL SAVINGS POVERTY RATES PRIVATE SECTOR CREDIT PRIVATE SECTOR DEVELOPMENT PROFITABILITY PROPERTY RIGHTS PUBLIC POLICY PUBLIC REGISTRIES PUSH FACTORS RAPID GROWTH REGIONAL BANKS REGULATORY FRAMEWORKS REGULATORY RESTRICTIONS REGULATORY SYSTEMS REMITTANCE REMITTANCE SERVICES REMITTANCES RESERVE RESERVE REQUIREMENTS RETURNS RISK DIVERSIFICATION RISK MANAGEMENT RISK MANAGEMENT TOOLS RISK WEIGHT SALES SAVERS SAVINGS ACCOUNT SAVINGS ACCOUNTS SAVINGS BANKS SECONDARY MARKETS SECURITIES SENIOR SMALL BRANCH SMALL-SCALE SAVINGS SPECIALIZED BANKS STOCK MARKETS SUB-SAHARAN AFRICA TAX TAX EXEMPTION TELECOMMUNICATIONS TREASURY TREASURY BILL TREASURY BILLS TURNOVER TYPES OF FINANCE UNION UNIONS URBAN AREAS WORKING CAPITAL
Online Access:	http://documents.worldbank.org/curated/en/2006/07/8285691/bankable-assets-africa-faces-many-obstacles-developing-financial-systems-bankable-assets-africa-faces-many-obstacles-devloping-financial-systems http://hdl.handle.net/10986/9601

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Summary:	Sound, deep, and efficient financial sectors are vital for high sustained, private sector-led growth. But financial sectors in their current form pose major problems for the economies of sub Saharan Africa (SSA). Insufficient access to credit by small and medium- sized enterprises constrains their ability to expand and limits countries' growth potential. Most households cannot build formal savings, so their ability to escape poverty by investing in education or housing is limited.

Bankable Assets : Africa Faces Many Obstacles in Developing Financial Systems

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