n AfricaGrowth Agenda - Trends in development finance in Africa

Volume 2011, Issue 10
  • ISSN : 1811-5187


Access to finance is critical to accelerating growth and development in Africa. This paper presents recent trends in various sources of development finance and provides a critical assessment of the costs of meeting the Millennium Development Goals (MDGs) in the region. In the past three decades nearly all countries in Sub-Saharan Africa have implemented liberalization of the financial sector. During this period most countries eased or lifted bank interest rates caps, reduced interference in credit allocation decisions, lowered compulsory reserve requirements and entry barriers, and privatised many state owned commercial banks.

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