Chapter 3 Economic Challenges
Author:
Ms. Catherine A Pattillo
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,
Ms. Anne Marie Gulde
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Mr. Kevin J Carey
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Ms. Smita Wagh
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Mr. Jakob E Christensen
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Language:
English
Print Publication Date:
28 Aug 2006
Keywords:
BOOK; bank; SSA bank; financial market imperfection; lending; development bank; renewed reform effort; credit information indices; Commercial banks; Financial sector; Credit; Stock markets; Africa; Sub-Saharan Africa; Southern Africa; excess reserves; bank financing; government securities market; collusive market behavior; Currency markets; Bank credit; Securities markets

Abstract

Access to financial services—savings and loans—is lower in Africa than in other LICs. Constrained by limited physical access to bank branches, high bank charges and/or administered interest rates, most households cannot afford to accumulate savings in a formal institution. Given lack of collateral, access to loans is even more constrained.

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Cover Sub-Saharan Africa
Sub-Saharan Africa
Financial Sector Challenges
ISBN:
9781589065659
Publication Date:
28 Aug 2006
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781589065659.071
Pages:
57

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