Financing Enterprise Development in Sub-Saharan Africa
This paper examines some critical gaps in the financial infrastructure in sub-Saharan Africa, which have contributed to the poor performance of productive investment by private agents. It first analyses the performance of financial systems, encompassing both formal and informal financial sectors, in relation to the changing policy environment, and key features of the financial market structure. It then identifies those gaps in financial services that have been particularly detrimental to private investment, enterprise growth and transformation. Finally, the paper considers policy implications drawn from East Asian experiences with respect to financial policies, institutional arrangements and market integration measures for financing enterprise development. Copyright 2001 by Oxford University Press.
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Volume (Year): 25 (2001)
Issue (Month): 3 (May)
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