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| Title | Making Finance Work for Africa |
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| Author | Honohan, P.; Beck, T.; |
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| Content Language | English (en) |
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| Document Type | Report |
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| Date Of Publication | 2007 |
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| Description | Making Finance Work for Africa seeks to present a coherent and consistent policy approach that addresses African priorities and can work in African conditions.
The low level of private sector investment is both a cause of Africa’s growth shortfall and a consequence of low confidence engendered by the repeated setbacks in most countries in the region. Escape from these conditions can hardly be imagined without a central role for finance. Policies that strengthen finance will also address these core development gaps. By providing an alternative to government patronage as the basis for entry into business activities, a strong, independent financial system can transform the business environment.
Financial development can also generate a lock-in effect that raises the commitment of national elites to growth-oriented policies.
Making finance work for Africa is thus one of the most central and far-reaching of development goals for the continent. |
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| Publisher | The World Bank |
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| Number of Pages | 264 pp. |
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| Series ID | 2007 |
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| Keywords | FINANCE |
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report (EN)
