Access to Bank Credit in Sub-Saharan Africa: Key Issues and Reform Strategies
Aug 01, 2005 | E. Sacerdoti | IMF
Starting from an overview of the scale of bank credit to the economy in African countries, the purpose of this paper is to review the main barriers to credit expansion to the private sector, the actions that can be taken to address these obstacles, and the progress under way to that end. The paper also addresses the issue of credit to the agricultural sector and examines obstacles as well as new initiatives. Finally, it examines the extent to which the expansion of microfinance institutions (MFIs), and improved links between these and the traditional banking system, could contribute to meeting the credit need.