02343cas a2200277 a 4500 AALejournalIMF017069 230101c9999 xx r poo 0 0eng d 20.00 USD 9781475532401 2616-5333 BD-DhAAL BD-DhAAL Mlachila, Montfort. Financial Development in Sub-Saharan Africa : Promoting Inclusive and Sustainable Growth / Montfort Mlachila, Ahmat Jidoud, Monique Newiak, Bozena Radzewicz-Bak. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (79 pages) Departmental Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses how sub-Saharan Africa's financial sector developed in the past few decades, compared with other regions. Sub-Saharan African countries have made substantial progress in financial development over the past decade, but there is still considerable scope for further development, especially compared with other regions. Indeed, until a decade or so ago, the level of financial development in a large number of sub-Saharan African countries had actually regressed relative to the early 1980s. With the exception of the region's middle-income countries, both financial market depth and institutional development are lower than in other developing regions. The region has led the world in innovative financial services based on mobile telephony, but there remains scope to increase financial inclusion further. The development of mobile telephone-based systems has helped to incorporate a large share of the population into the financial system, especially in East Africa. Pan-African banks have been a driver for homegrown financial development, but they also bring a number of challenges. Mode of access: Internet Jidoud, Ahmat. Newiak, Monique. Radzewicz-Bak, Bozena. Departmental Papers; Departmental Paper ; No. 2016/011 Full text available on IMF http://elibrary.imf.org/view/journals/087/2016/011/087.2016.issue-011-en.xml IMF e-Library