Financial Sector Development in Sub-Saharan African Countries

Financial Sector Development in Sub-Saharan African Countries

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This study takes stock of progress made so far in the financial sectors of sub-saharan African countries. It recommends further reforms and specific measures in the areas of supervision, development of monetary operations and financial markets, external sector liberalization, central bank autonomy and accountability, payments system, and central bank accounting and auditing.The lack of thorough accounting manuals may also result in incorrect recording, in particular, if the staff has no training in accounting. ... a true client-server environment, but many a€” like Uganda, Zambia, and Zimbabwe a€” have plans and/or strategies in place. ... Nevertheless, the need to modernize and the unfavorable economics of maintaining obsolete software and hardware are driving most banks toanbsp;...

Title:Financial Sector Development in Sub-Saharan African Countries
Author:Jean-Pierre Briffaut, Mr. George Iden, Mr. Peter C. Hayward, Mr. Tonny Lybek, Mr. Hassanali Mehran, Mr. Piero Ugolini, Mr. Stephen Swaray
Publisher:International Monetary Fund - 1998-10-01


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