Shockwatch Bulletin: Sub-Saharan Africa’s economic downturn and its impact on financial development

Jul 31, 2016 | J.E. Tyson | ODI
This paper examines the impact of the economic slowdown on key aspects of financial deepening at the regional level. It analyses specific challenges for sub-Saharan Africa that have become more apparent since the downturn in economic growth. It further examines the long-term implications of these issues for structural economic transformation. This is discussed in relation to three contrasting case study countries – Nigeria, Kenya and Ethiopia – each having adopted different approaches to channelling finance into priority sectors with different levels of success. The paper then discusses the policy implications of the findings.