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 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.

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Bibliographic Details
Main Authors: Christensen, Jakob, Gulde, Anne-Marie, Pattillo, Catherine
Language:English
Published: World Bank, Washington, DC 2006-07
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
https://hdl.handle.net/10986/9601
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