Africa S Finances

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Financing Africa

Author : Attiya Waris
Publisher : African Books Collective
Page : 216 pages
File Size : 53,6 Mb
Release : 2019-11-12
Category : Business & Economics
ISBN : 9789956551507

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Financing Africa by Attiya Waris Pdf

Financing Africas development requires ingenuity, discipline, and an understanding of fiscal systems the entirety of government revenues and expenditures, including taxation and debt. This book makes fascinating what might seem at first glance complex. It describes diverse approaches that have been adjusted to local circumstances across the continent and reflects on the push to unite and harmonise toward African union. Africa is rich, yet resources are lost through loopholes in fiscal systems. Financial resources come from the people, are not unlimited, and do not come easily or without cost. Africans must therefore cherish these resources and use them in nation-building and national and regional development. Efficient, effective, transparent and accountable fiscal systems that are fair and just will go a long way toward financing Africas development. Using examples from all of Africas 54 countries, the book makes fiscal matters real and understandable for people, no matter their field. It demonstrates the importance of fiscal law and policy for development and the impact it has on individuals, communities, nations, regional groupings, and the continent.

Financing Africa's Cities

Author : Thierry Paulais
Publisher : World Bank Publications
Page : 378 pages
File Size : 43,8 Mb
Release : 2012-07-05
Category : Business & Economics
ISBN : 9780821389485

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Financing Africa's Cities by Thierry Paulais Pdf

This volume addresses the issues of financing urban growth of the African continent -- which has the highest urban growth rate on the planet -- in the next decades. Considerable investment will be needed to sustain this level of growth and to clear up accumulated backlogs. At the same time, decentralization has resulted in increased responsibilities for local government; but in most cases, institutional reforms were carried out without the transfer of a sufficient level of resources, and local capacities in governance and project management are weak. Which mechanisms will finance these extensive needs, and how will African local governments meet these needs? Specifics on how to finance African cities have not been studied. The actual scale of this market has not been fully grasped. A systemic approach to this market is difficult because of its diversity (country size; institutional context; characteristics of urban network; availability of capital market, currency, etc.) and a lack of data. Donors’ assistance methods in the sector are disparate, marked by disputes between different schools of thought; special-purpose vehicles created by donors operate according to a variety of methods and with wide-ranging and sparsely disseminated results. What is the best way to transform these systems, often antiquated in many respects, into modern financing systems that facilitate access to domestic markets, mobilize local savings and reinforce local government autonomy? There is no single answer to this question in regard to such a variety of institutional and economic contexts. The main objective of the study is to clarify the debates and to enlighten the choices of African decision-makers at local and national level.

Financial Sector Development in Africa

Author : Thorsten Beck,Samuel Munzele Maimbo
Publisher : World Bank Publications
Page : 255 pages
File Size : 53,6 Mb
Release : 2012-11-27
Category : Business & Economics
ISBN : 9780821396285

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Financial Sector Development in Africa by Thorsten Beck,Samuel Munzele Maimbo Pdf

This edited volume contains eight studies of financial sector challenges in Africa that served as background studies for Financing Africa: Through the Crisis and Beyond. One of the major challenges for African financial systems is to expand financial services to a larger share of the population. The chapters in this area cover microfinance in Africa, the role of technology, reforms of payment infrastructure, and financing agriculture. Two chapters cover challenges in increasing long-term finance; one covers housing finance and the other the role of sovereign wealth fund. The book also contains a detailed discussion of bank regulation and supervision, especially in light of the current regulatory reforms in Europe and North America. The final chapter provides a political economy perspective, discussing the conditions for activist government policies in the financial sector.

African Finance in the 21st Century

Author : Marc Quintyn,Genevieve Verdier
Publisher : INTERNATIONAL MONETARY FUND
Page : 352 pages
File Size : 51,9 Mb
Release : 2010-01-14
Category : Business & Economics
ISBN : STANFORD:36105215298733

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African Finance in the 21st Century by Marc Quintyn,Genevieve Verdier Pdf

Financial sector development in sub-Saharan Africa continues to lag behind the rest of the world, despite some recent positive achievements. There is a growing consensus that financial development fosters economic growth, so why has more not been done to spur financial advancement in Africa? This book is one of the few that tackles the debate of financial development in Africa head on. It stems from the proceedings of a high-level conference organized by the IMF Institute with contributions by experts from official agencies in Africa, international financial institutions, the private sector, and academia. The book begins by presenting the reader with compelling theoretical perspectives on the determinants of financial growth, empirical analyses of the impediments to financial growth and overviews of developments in individual sectors. It discusses policy issues related to financial sector stability, regulation and supervision. The final part investigates how specific measures can create room for financial growth, even when the broader institutional framework remains weak. Case studies demonstrate how individual countries have tried to stimulate financial development, or how specific measures, such as the establishment of credit reporting systems, can generate a positive impact on financial growth. Everyone interested or involved in deepening finance in Africa will find information and inspiration in this insightfull collection of papers.

Financing Africa

Author : Thorsten Beck,Samuel Munzele Maimbo,Issa Faye,Thouraya Triki
Publisher : World Bank Publications
Page : 325 pages
File Size : 51,7 Mb
Release : 2011-09-01
Category : Business & Economics
ISBN : 9780821387986

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Financing Africa by Thorsten Beck,Samuel Munzele Maimbo,Issa Faye,Thouraya Triki Pdf

Financing Africa takes stock of Africa s financial systems in light of recent changes in the global financial system and the increasing role of technology.

Africa's Odious Debts

Author : Professor Léonce Ndikumana,James K. Boyce
Publisher : Zed Books Ltd.
Page : 132 pages
File Size : 40,5 Mb
Release : 2011-10-13
Category : Social Science
ISBN : 9781780321462

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Africa's Odious Debts by Professor Léonce Ndikumana,James K. Boyce Pdf

In Africa's Odious Debts, Boyce and Ndikumana reveal the shocking fact that, contrary to the popular perception of Africa being a drain on the financial resources of the West, the continent is actually a net creditor to the rest of the world. The extent of capital flight from sub-Saharan Africa is remarkable: more than $700 billion in the past four decades. But Africa’s foreign assets remain private and hidden, while its foreign debts are public, owed by the people of Africa through their governments. Léonce Ndikumana and James K. Boyce reveal the intimate links between foreign loans and capital flight. Of the money borrowed by African governments in recent decades, more than half departed in the same year, with a significant portion of it winding up in private accounts at the very banks that provided the loans in the first place. Meanwhile, debt-service payments continue to drain scarce resources from Africa, cutting into funds available for public health and other needs. Controversially, the authors argue that African governments should repudiate these ‘odious debts’ from which their people derived no benefit, and that the international community should assist in this effort. A vital book for anyone interested in Africa, its future and its relationship with the West.

Achieving Financial Stability and Growth in Africa

Author : Stephany Griffith-Jones,Ricardo Gottschalk
Publisher : Routledge
Page : 186 pages
File Size : 48,7 Mb
Release : 2016-03-24
Category : Business & Economics
ISBN : 9781317301691

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Achieving Financial Stability and Growth in Africa by Stephany Griffith-Jones,Ricardo Gottschalk Pdf

This book explores how the financial system should be regulated and structured to achieve the twin goals of inclusive growth and financial stability, with a focus on African low-income countries (LICs). The subject and content of this book is original in that it attempts to draw on the lessons and radical rethinking on the financial sector in developed and middle income countries, arising in the wake of the international financial crisis. It includes four in- depth country case studies, of Kenya, Ghana, Nigeria and Ethiopia, but also analyses the empirical evidence for Sub-Saharan Africa as a whole, evaluating the relevance (or not) of such major changes for the very different financial sectors and economies in low income countries. Achieving Financial Stability and Growth in Africa has major academic and policy implications, especially for low income countries, but also more generally, on broader issues. These include the desirable size of the financial sector, as well as more specific issues, such as the high cost of borrowing of small and medium enterprises in LICs, and possible measures to reduce it. Highly topical subjects like the appropriate regulation of the financial sector and management of capital flows are discussed in depth. Though drawing on comprehensive reviews of the literature, this volume has the virtue of the large comparative academic and policy experience of researchers, as well as in-depth case studies, that take account of institutional and economic features of low- income countries. Written by senior academics and policy-makers, this book is a must read for those researching or participating in the financial sectors of low-income countries, as well as in developed economies. It is also suitable for those who study political economy and public finance.

Financing Sustainable Development in Africa

Author : Uchenna R. Efobi,Simplice Asongu
Publisher : Springer
Page : 454 pages
File Size : 44,5 Mb
Release : 2018-05-15
Category : Business & Economics
ISBN : 9783319788432

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Financing Sustainable Development in Africa by Uchenna R. Efobi,Simplice Asongu Pdf

This edited volume provides a critical evaluation of financing options for sustainable development in Africa. While sustainability has long been the watchword for development programs, and while many African countries have taken initiatives to develop integrated frameworks that tackle developmental challenges—including poverty, education, and health—financing has remained a challenge. In this book, an expert team of chapter authors examines new financing options while also exploring how traditional financing means, such as foreign aid and foreign direct investment, can be more effective for sustainability. The authors discuss how African nations can build adequate structures and productive capacity to create a platform that can meet present economic, social, and environmental needs without compromising the ability of future generations to meet their own needs. Practical case studies and scientific evidence give this book a unique approach that is both qualitative and quantitative. This book will be of interest to students, practitioners, and scholars of development studies, public policy and African economics.

The Global Findex Database 2017

Author : Asli Demirguc-Kunt,Leora Klapper,Dorothe Singer,Saniya Ansar
Publisher : World Bank Publications
Page : 148 pages
File Size : 44,7 Mb
Release : 2018-04-19
Category : Business & Economics
ISBN : 9781464812682

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The Global Findex Database 2017 by Asli Demirguc-Kunt,Leora Klapper,Dorothe Singer,Saniya Ansar Pdf

In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.

African Agency, Finance and Developmental States

Author : Gorden Moyo
Publisher : Unknown
Page : 0 pages
File Size : 55,6 Mb
Release : 2021
Category : Electronic
ISBN : 3030724131

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African Agency, Finance and Developmental States by Gorden Moyo Pdf

This book is an open invitation to the enterprise of re-imagining an alternative decolonial development project in Africa. It does this by focusing on the triple themes of African agency, development finance, and African developmental states in the context of an emerging multipolar world system. The book must be read as an affirmatively disruptive inquiry into the twin evils of global coloniality and global capitalist economic relations that have kept Africa on the lower rungs of the global pecking order, thereby preventing the rooting of an alternative development paradigm on the continent. As such, the book seeks to contribute towards the project of extricating the financing of development in Africa from the clutches of the Global North and the emerging powers of the Global South. In this way, it is a call for Afro-rebellion against the old and new forms of global coloniality and global capitalism. While the book is of major interest to scholars and students of African Studies, Development Studies, International Development Cooperation, International Relations, International Trade and Investment, Diplomacy, Africa-China Relations, and Political Science, it is equally meant for the general reader as it assumes no prior knowledge in any of the field of enquiry other than interest in the development of the African continent. Gorden Moyo is Senior Lecturer at Lupane State University, Zimbabwe. He is also Founder of an independent think tank-the Public Policy and Research Institute of Zimbabwe (PPRIZ). He received his Ph.D. in African Leadership Development from the National University of Science and Technology, Zimbabwe. He is Former Minister of State in the Prime Minister's Office, and Former Minister of State Enterprises and Parastatals, Zimbabwe. He has edited three books and published several peer-reviewed journal articles and book chapters. .

Measuring Financial Development in Sub-Saharan Africa

Author : Mr.Enrique Gelbard,Mr.Sérgio Pereira. Leite
Publisher : International Monetary Fund
Page : 29 pages
File Size : 46,8 Mb
Release : 1999-08-01
Category : Business & Economics
ISBN : 9781451852806

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Measuring Financial Development in Sub-Saharan Africa by Mr.Enrique Gelbard,Mr.Sérgio Pereira. Leite Pdf

This study introduces an index for measuring financial development and a set of six indices representing key characteristics of the financial systems in 38 sub-Saharan African countries. The results show that these countries have made good progress in improving and modernizing their financial systems during the last decade, particularly with regard to financial liberalization and the adoption of indirect instruments of monetary policy. In many countries, however, the range of financial products remains extremely limited, interest rate spreads are wide, capital adequacy ratios are insufficient, judicial loan recovery is a problem, and the share of nonperforming loans is large.

The Economics of Banking and Finance in Africa

Author : Joshua Yindenaba Abor,Charles Komla Delali Adjasi
Publisher : Springer Nature
Page : 1093 pages
File Size : 44,6 Mb
Release : 2022-09-17
Category : Business & Economics
ISBN : 9783031041624

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The Economics of Banking and Finance in Africa by Joshua Yindenaba Abor,Charles Komla Delali Adjasi Pdf

This book evaluates the characteristics and developments in Africa’s financial systems, including monetary policy, structured finance, sustainable finance and banking, FinTech, RegTech, SupTech, inclusive finance, the role of regulation in dealing with banking crises, the impact of the COVID-19 pandemic on Africa’s financial systems and how to reform the post-COVID-19 financial systems. It is made up of contributions from scholars in finance and economics as well as financial market practitioners. Banking and the financial markets play a significant role in the growth of various economies. Although a number of handbooks on banking and finance exist, they mainly focus on Europe, America and Asia. Banks and financial markets in Africa are confronted with different challenges and therefore present a unique case to understand Africa’s financial systems. A number of African countries have experienced banking crises and it is important to examine these issues as well as the regulatory regimes required to address them. This edited book contributes to the limited texts in the area by providing a comprehensive resource on banking and finance for students, scholars, researchers, policymakers, and financial market practitioners. It contains various theoretical and empirical chapters on banking and finance in Africa.

Revenue Statistics in Africa 2021

Author : OECD,African Union Commission,African Tax Administration Forum
Publisher : OECD Publishing
Page : 360 pages
File Size : 50,8 Mb
Release : 2021-12-15
Category : Electronic
ISBN : 9789264866539

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Revenue Statistics in Africa 2021 by OECD,African Union Commission,African Tax Administration Forum Pdf

The publication Revenue Statistics in Africa is jointly undertaken by the OECD Centre for Tax Policy and Administration and the OECD Development Centre, the African Union Commission (AUC) and the African Tax Administration Forum (ATAF) with the financial support of the European Union.

Financial Indicators and Financial Change in Africa and Asia

Author : Huw Pill,Mahmood Pradhan
Publisher : International Monetary Fund
Page : 54 pages
File Size : 50,5 Mb
Release : 1995-11-01
Category : Business & Economics
ISBN : 9781451854558

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Financial Indicators and Financial Change in Africa and Asia by Huw Pill,Mahmood Pradhan Pdf

Deregulation of the financial system often proceeds in tandem with macroeconomic stabilization centered on monetary and other financial targets. This paper presents a model where there may be conflict between these processes. The indicator properties of some financial variables may be rendered unstable by the liberalization process. However, other, carefully selected financial aggregates may contain information about economic activity that is useful to policy makers during stabilization. Data from a group of selected African and Asian countries is examined. These are broadly consistent with the predictions of the model, while highlighting the importance of macroeconomic and financial stability for the success of financial reforms.

Does Openness Matter for Financial Development in Africa?

Author : Mr.Antonio David,Mr.Montfort Mlachila,Ashwin Moheeput
Publisher : International Monetary Fund
Page : 38 pages
File Size : 48,9 Mb
Release : 2014-06-09
Category : Business & Economics
ISBN : 9781498359290

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Does Openness Matter for Financial Development in Africa? by Mr.Antonio David,Mr.Montfort Mlachila,Ashwin Moheeput Pdf

This paper analyzes the links between financial and trade openness and financial development in Sub-Saharan African (SSA) countries. It is based on a panel dataset using methods that tackle slope heterogeneity, cross-sectional dependence and non-stationarity, important econometric problems that are often ignored in the literature. The results do not point to a general direct robust link between trade and capital account openness and financial development in SSA, once we control for other factors such as GDP per capita and inflation. But there is some indication that trade openness is more important for financial development in countries with better institutional quality. The findings might be due to a number of factors including distortions in domestic financial markets, relatively weak institutions and/or poor financial sector supervision. Thus, African policy makers should be cautious about expectations regarding immediate gains for financial development from greater international integration. Such gains are more likely to occur through indirect channels.