by: Patrick Honohan, Thorsten Beck
Making Finance Work for Africa takes a panoramic view of
Africa's financial systems, both at the large scale ("finance
for growth") and the small scale ("finance for
Things are changing for the better in African finance. Credit growth
is underway after a long pause, solid new intermediaries are entering
the marketplace, and the reach of microfinance is growing steadily.
Finance can be a leading sector transforming African economies—by
opening up business opportunities to a wider clientele and by
channeling larger resources more effectively. By providing a key
alternative to government patronage as a basis for entry into business,
a strong, independent financial system can transform the environment
for enterprise. In addition, finance can help the poor and those in
remote rural areas by providing small-scale payments, savings, and risk
Making Finance Work for Africa presents a coherent policy
approach that addresses African priorities and can work in African
conditions. It challenges the applicability of some conventional views
on a range of issues from securities markets and banking regulation to
the organization of microfinance institutions. The authors identify
promising trends from across sub-Saharan Africa and pinpoint
The book will be useful to policy makers, bankers, financial
analysts, and economists working in Africa.
- Shipping Weight: 0.98 lbs (0.44 kgs)
Customers who bought this title also purchased...