Товч агуулга: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.
