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

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Sub-Saharan Africa is recovering from the most severe growth slowdown in two decades. Recovery is vulnerable and is expected to remain uneven across countries. While the region’s growth in per capita gross domestic product has been positive since 2017, it will remain insufficient to significantly reduce poverty. Rising public debt burdens are fuelling debt sustainability risks, while tighter global financing conditions and weaker than expected commodity prices pose additional downside risks.

During its Africa Day in the Ethiopian capital, Addis Ababa, the European Investment Bank released  its new study: ‘Banking in Africa: Delivering on Financial Inclusion, Supporting Financial Stability’. In its fourth edition, this economic report analyses recent development in the African banking sectors, including through a survey of African banking groups, addresses structural issues and investment opportunities for the continent and proposes policy options for all stakeholders.  The report also portrays the state of bank recovery and resolution laws in Africa and maps out policy options to finance infrastructure development. Finally the study explains the type of financial support and technical assistance that the EIB can offer to financial sectors in Africa.

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