› › Financial Depth In The Waemu

Financial Depth in the WAEMU

Author : Mr.Calixte Ahokpossi

Publisher : International Monetary Fund

Page : 23 pages

File Size : 19,97 MB

Release : 2013-07-03

Category : Business & Economics

ISBN : 1484309391

Get eBook

Book Description

Financial depth in Sub-Saharan Africa (SSA) has been uneven over the last two decades. The WAEMU countries are lagging behind other regions, particularly the High Growth Non-oil Exporters (HGNOEs) group. We use two complementary methodologies to compare the two groups of countries. In a panel of 16 countries over 1997–2009, we find that the financial gap between the two groups of countries can be explained by institutional factors. In a benchmarking exercise comparing the major economy in the WAEMU (Côte d’Ivoire) with the most structurally similar in the control group (Mozambique), we show that Côte d’Ivoire underperformed relative to Mozambique and to its estimated potential. We then identify policy and institutional asymmetries between the two countries that could explain the gap in performance.



West African Economic and Monetary Union

Author : Patrick A. Imam

Publisher : International Monetary Fund

Page : 46 pages

File Size : 39,8 MB

Release : 2013-10-22

Category : Business & Economics

ISBN : 1484348222

Get eBook

Book Description

The financial system in the WAEMU remains largely bank-based. The banking sector comprises 106 banks and 13 financial institutions, which together hold more than 90 percent of the financial system’s assets (about 54 percent of GDP at end-2011). Five banks account for 50 percent of banking assets. The ownership structure of the sector is changing fast, with the rapid rise of foreign-owned (pan-African) banks. This contributes to higher competition but also rising heterogeneity in the banking system, with large and profitable cross-country groups competing with often weaker country-based (and sometime government-owned) banks. Nonbank financial institutions are developing quickly, notably insurance companies, but remain overall small. This paper presents a detailed analysis of the banking system.



Financing Growth in the WAEMU Through the Regional Securities Market

Author : Mame Astou Diouf

Publisher : International Monetary Fund

Page : 22 pages

File Size : 50,57 MB

Release : 2012-10-18

Category : Business & Economics

ISBN : 1475548206

Get eBook

Book Description

The West African Economic and Monetary Union (WAEMU) regional securities market saw increasing activity in the last decade, but still fell short of supplying sufficient long-term financing for growth-enhancing public and private investment projects. In addition to providing an institutional background, this paper studies recent developments and the determinants of interest rates on the market—using yield curve and principal component analyses. It also identifies challenges and prospective reforms that could help the region reap the full benefits of a more dynamic securities market and assesses the potential systemic risk the market may pose for the region’s banking system.



Senegal

Author : Patrick A. Imam

Publisher : International Monetary Fund

Page : 40 pages

File Size : 37,7 MB

Release : 2013-10-22

Category : Business & Economics

ISBN : 1484359143

Get eBook

Book Description

This enhanced review of Senegal’s financial sector is one of several pilot reviews called for by the Executive Board in May 2012. The purpose of the reviews is to go beyond the traditional surveillance focus on banking system soundness and solvency by analyzing in more depth the interplay between financial development, macroeconomic and financial stability, and effectiveness of macroeconomic policies in low-income countries. Senegal is a member of the West African Economic and Monetary Union; a number of key macroeconomic and financial policies are designed and implemented at the union level. This study focuses on Senegal-specific issues. Another pilot study, to be prepared in the context of the next annual consultation on regional policies in early 2013, will focus on union-wide issues.



West African Economic and Monetary Union (WAEMU)

Author : International Monetary Fund. African Dept.

Publisher : International Monetary Fund

Page : 87 pages

File Size : 45,16 MB

Release : 2014-03-21

Category : Business & Economics

ISBN : 1475577605

Get eBook

Book Description

This West African Economic and Monetary Union (WAEMU) IMF staff report focuses on common policies for member countries. The region continued to experience a strong upswing in 2013, and the immediate outlook is for further vigorous growth and moderate inflation. Delays in implementing reforms, at both the national and regional levels, are the principal medium-term risk. It highlights that with continued strong growth projected for the region, countries are encouraged to seek opportunities to strengthen fiscal sustainability while maintaining public investment efforts.



Making Finance Work for Africa

Author : Patrick Honohan

Publisher : World Bank Publications

Page : 264 pages

File Size : 14,61 MB

Release : 2007

Category : Business & Economics

ISBN : 0821369105

Get eBook

Book Description

Drawing on its extensive experience in helping restructure and reform financial systems, the World Bank examines the state of African domestic financial systems in a global comparison. It identifies promising trends as well as pinpointing the major shortcomings that are observed across sub-Saharan Africa. Policy recommendations distinguish between those designed to make finance a more effective driver of economic growth and those designed to give low income, small-scale and other excluded groups better access to financial services.



Banking in Africa: Delivering on Financial Inclusion, Supporting Financial Stability

Author : European Investment Bank

Publisher : European Investment Bank

Page : 277 pages

File Size : 24,87 MB

Release : 2018-11-21

Category : Business & Economics

ISBN : 9286138482

Get eBook

Book Description

In its fourth edition, this report focuses on recent developments in Africa's banking sectors and the policy options for all stakeholders. The study of banking sectors across all African sub-regions includes the results of the EIB survey of banking groups operating in Africa. Three thematic chapters address challenges and opportunities for financing investment in Africa: Crowding out of private sector lending by public debt issuance The state of bank recovery and resolution laws in Africa Policy options on how to finance infrastructure development. The report finds that in many African banking markets, the last two years saw a pause in financial deepening. However, a rising share of banking groups report improving market conditions and plan a structural expansion of their operations in Africa and a continued push for new technologies.



Short-Versus Long-Term Credit and Economic Performance

Author : Kodzo Gbenyo

Publisher : International Monetary Fund

Page : 35 pages

File Size : 12,98 MB

Release : 2010-05-01

Category : Business & Economics

ISBN : 1455200212

Get eBook

Book Description

This paper studies the link between financial development and economic growth in the West African Economic and Monetary Union (WAEMU). Using panel data for WAEMU countries over the period 1995-2006, the results suggest that while financial development does support growth in the region, long-term bank financing has a greater impact on economic growth than short-term financing because long-term projects have higher returns adjusted for risks. Given that in the WAEMU short-term credit accounts for about 70 percent of credit to the private sector, WAEMU countries are less able to reap the full benefits of improvements in their financial systems. The results also highlight the importance of macroeconomic stability, a creditor-friendly environment, political stability, and the availability of long-term financial resources in fostering banks’ supply of long-term loans.



Building Integrated Economies in West Africa

Author : Mr.Alexei Kireyev

Publisher : International Monetary Fund

Page : 404 pages

File Size : 22,34 MB

Release : 2016-04-13

Category : Business & Economics

ISBN : 1484324560

Get eBook

Book Description

The West African Economic and Monetary Union (WAEMU) has a long and varied history, and this book examines how the WAEMU can achieve its development and stability objectives, improve the livelihood of its people, and enhance the inclusiveness of its economic growth, all while preserving its financial stability, enhancing its competitiveness, and maintaining its current fixed exchange rates.



The CFA Franc Zone

Author : Ms.Anne Marie Gulde

Publisher : International Monetary Fund

Page : 411 pages

File Size : 31,70 MB

Release : 2008-04-02

Category : Business & Economics

ISBN : 1589066758

Get eBook

Book Description

About one-third of countries covered by the IMF's African Department are members of the CFA franc zone. With most other countries moving away from fixed exchange rates, the issue of an adequate policy framework to ensure the sustainability of the CFA franc zone is clearly of interest to policymakers and academics. However, little academic research exists in the public domain. This book aims to fill this void by bringing together work undertaken in the context of intensified regional surveillance and highlighting the current challenges and the main policy requirements if the arrangements are to be carried forward. The book is based on empirical research by a broad group of IMF economists, with contributions from several outside experts.