Financial systems and development in Africa

Abstract

The focus of this program is on the improvement of decision-making in seven important areas dealing with the structure, reform, and development of financial systems in developing countries. The areas covered are: (a) reform of the structure of financial systems; (b) policies and regulations to prevent or deal with insolvency and illiquidity of financial intermediaries; (c) the development of markets for short- and long-term financial instruments; (d) the role of institutional elements in the development of financial systems; (e) the links between the financial sector and the real sectors, particularly in the case of restructuring financial and industrial institutions or enterprises; (f) the dynamics of financial systems management in terms of stabilization and adjustment; and (g) access to international financial markets. This book assembles the collection of documents circulated at the Senior Policy Seminar on Financial Systems and Development in Africa. It also includes the report that synthesizes the presentations made at the seminar and the content of the discussions which followed them.

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