Informal Financial Markets and Financial Intermediation in Four African Countries PDF Download

Author:
Publisher:
ISBN:
Category : Electronic book
Languages : en
Pages :

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Author: Ernest Aryeetey
Publisher: East African Publishers
ISBN:
Category : Africa
Languages : en
Pages : 192

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Author: Mr.Rodolphe Blavy
Publisher: International Monetary Fund
ISBN: 1451858728
Category : Business & Economics
Languages : en
Pages : 24

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Based on the experience of selected countries, this paper offers a critical presentation of the development of the microfinance sector in Africa. The paper supports the view that microfinance institutions, especially those engaged in full financial intermediation, complement effectively the banking sector in extending financial services and successfully draw on the rich experience of community-based development and preexisting informal methods of financial intermediation in Africa. Growing linkages between microfinance institutions and the banking system and the dissemination of good practices by nongovernment organizations contribute to the sound development of the sector, supported by regulation and supervision by local authorities.

Author: Anand G. Chandavarkar
Publisher:
ISBN:
Category : Developing countries
Languages : en
Pages : 60

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Author: Mr.Amadou N Sy
Publisher: International Monetary Fund
ISBN: 1484385667
Category : Business & Economics
Languages : en
Pages : 61

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FinTech is a major force shaping the structure of the financial industry in sub-Saharan Africa. New technologies are being developed and implemented in sub-Saharan Africa with the potential to change the competitive landscape in the financial industry. While it raises concerns on the emergence of vulnerabilities, FinTech challenges traditional structures and creates efficiency gains by opening up the financial services value chain. Today, FinTech is emerging as a technological enabler in the region, improving financial inclusion and serving as a catalyst for the emergence of innovations in other sectors, such as agriculture and infrastructure.

Author: Adedoyin Soyibo
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 48

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Author: Mariama Deen-Swarray
Publisher:
ISBN:
Category :
Languages : en
Pages : 15

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Analysis of Research ICT Africa's 2011/2012 nationally representative survey data on informal businesses across 12 African countries shows that the informal sector is mainly a cash and face-to-face driven sector. Informal businesses rely on cash for transacting financially with their customers and suppliers and even for sending money. At the same time informal businesses still mostly communicate in person with customers and suppliers. This study seeks to investigate reasons behind these patterns among informal businesses and explore avenues through which communication and financial transaction channels among informal businesses can be enhanced. The lack of access to bank accounts is prevalent among informal businesses across all the countries studied. Few individuals use personal bank accounts for business purposes or have a dedicated business account. Conversely, many own and make use of mobile phones for business purposes. Based on these findings, this paper shows how mobile technology can be capitalised on through the form of mobile money to create financial inclusion of the informal business sector and how banks and/or mobile operators could use transaction data generated from mobile money transfers to generate transaction histories, and trial balances that may be used for business plans and gaining access to formal financial services.

Author: Patrick Honohan
Publisher: World Bank Publications
ISBN:
Category : Business & Economics
Languages : en
Pages : 278

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A strong, independent financial system can be a leading sector in transforming African economies, by opening up business opportunities and channeling resources more effectively, as well as helping the poor and those in remote rural areas by providing small-scale payments, savings and risk reduction services. This study examines developments in Africa's financial systems, both at the large and the small scale, drawing on recent experience across the region and using international comparisons. It presents a policy approach that addresses African priorities and challenges the applicability of some conventional views on a range of issues from securities markets and banking regulation to the organisation of microfinance institutions.

Author: Graham T. Hobbs
Publisher:
ISBN:
Category : Ghana
Languages : en
Pages : 154

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Author: Samuel Munzele Maimbo
Publisher: World Bank Publications
ISBN: 0821387979
Category : Business & Economics
Languages : en
Pages : 325

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Book Description
Financing Africa takes stock of Africa's financial systems in light of recent changes in the global financial system --including the greater risk aversion of international investors, a shift in economic and financial powers towards emerging markets and the regulatory reform debate - and the increasing role of technology. Using a wider and more detailed array of data than previous publications, we observe a trend towards financial deepening, more stability and more inclusion leading up to the crisis; serious challenges, however, continue, including limited access to financial services, focus on short-term contracts and hidden fragility, related to weak regulatory frameworks, undue government interference and governance deficiencies. Our policy analysis therefore focuses on (i) expanding outreach, (ii) fostering long-term finance and (iii) improving regulation and supervision. We identify the positive role of innovation and competition, a stronger focus on non-traditional financial service providers, and more emphasis on demand-side constraints as priority areas for policy actions. Specifically, competition from new players outside the banking system, including telecomm companies can increase outreach with technological innovation that changes the economics of retail finance. Moving beyond national stock exchanges that are not sustainable in most African countries towards regional solutions and over-the-counter trades can help foster long-term finance, as can addressing governance challenges in contractual savings institutions, including life insurance companies and pension funds. Finally, there is a need to look beyond supply-side constraints towards users of financial services, focusing more on financial literacy of households and firms, but also consumer protection. In formulating policy messages, we carefully distinguish between different country groupings, differentiating -- among others -- between low- and middle-income and small and larger economies, with a special focus on resource-based economies and post-conflict countries. This book reaches out to both policy makers concerned about a more inclusive and effective financial system and other stakeholders, including practitioners and development partners. With this book we aim to contribute to the on-going financial sector debate on Africa, with the ultimate goal of faster economic development and poverty reduction.