Financial Sector Development in Africa: Opportunities ... - World Bank

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vi Contents Conclusion 34 Notes 36 References 38 Chapter 2 Mobile Financial Services in Africa: The Next Generation 41 David Porteous The Generations of Mobile Payments 42 The State of Play in Mobile Financial Services 46 Actions for Policy Makers and Regulators 62 Conclusions 70 Notes 71 References 73 Annex 2A National ID and SIM Registration in Africa 76 Chapter 3 Financing Agriculture: Selected Approaches for the Engagement of Commercial Finance 83 Mike Coates and Robin Hofmeister Finance for All 85 Finance for Markets 89 Finance for Growth 98 Conclusion 106 Notes 107 References 107 PART II Lengthening Contracts 109 Chapter 4 Housing Finance 111 Simon Walley Demand for Housing Finance 112 Housing Finance as a Driver of Growth 115 Housing Needs 118 Housing Affordability 121 Housing Finance Systems 126 Impact of the Financial Crisis 133 Obstacles to Financing the Housing Gap 136 Recommendations 139 References 148
Contents vii PART III Safeguarding Finance 151 Chapter 5 The Reform Agenda for Financial Regulation and Supervision in Africa 153 Michael Fuchs, Thomas Losse-Mueller, and Makaio Witte Reform Is on the Agenda 154 Crisis Experience and Future Risks 154 Two Pillars of Financial Stability: Capital and Supervisory Capacity 156 Implementation of International Capital Standards 161 Regional Cross-Border Supervisory Coordination and the New International Supervisory Architecture 170 Crisis Response Mechanisms and Bank Resolution 172 Developing Country-Specific Roadmaps for the Regulatory and Supervisory Reform Agenda 173 Conclusion 175 Notes 175 References 175 PART IV Chapter 6 Financial Sector Reform: Activism and Local Political Conditions 177 The Potential of Pro-Market Activism for Finance in Africa: A Political Economy Perspective 179 Florence Dafe Activism in Financial Markets: Theoretical Perspectives and Practical Experiences 182 Assessing the Current Approach toward Activism 198 Activism as a Tool to Increase Finance for Private Investment: A Political Economy Perspective 200 Conclusion 220 Notes 222 References 225 Boxes 2.1 Offering Additional Services: M-Kesho in Kenya 51 2.2 The Growth of Mobile Data-Enabled Social Network Platforms: Mxit in South Africa 58
Page 1: lic Disclosure Authorized Public Di
Page 5 and 6: Financial Sector Development in Afr
Page 7: Contents Foreword Acknowledgments E
Page 11: Contents ix 4.4 Size of Mortgage Lo
Page 14 and 15: xii Foreword In their own way, each
Page 16 and 17: xiv Acknowledgments led by Stefan N
Page 18 and 19: xvi Editors and Contributors of Acc
Page 20 and 21: xviii Editors and Contributors deve
Page 22 and 23: xx Abbreviations FSB FSD FSDT FSI G
Page 24 and 25: 2 Beck and Maimbo to the bottom of
Page 26 and 27: 4 Beck and Maimbo advocate a “bui
Page 29 and 30: CHAPTER 1 Microfinance in Africa Al
Page 31 and 32: Microfinance in Africa 9 Figure 1.1
Page 33 and 34: Microfinance in Africa 11 A Special
Page 35 and 36: Microfinance in Africa 13 Figure 1.
Page 37 and 38: Microfinance in Africa 15 Impedimen
Page 39 and 40: Microfinance in Africa 17 Figure 1.
Page 41 and 42: Microfinance in Africa 19 to physic
Page 43 and 44: Microfinance in Africa 21 Understan
Page 45 and 46: Microfinance in Africa 23 Some exam
Page 47 and 48: Table 1.2 Fanikisha Project Type of
Page 49 and 50: Microfinance in Africa 27 world reg
Page 51 and 52: Microfinance in Africa 29 implicitl
Page 53 and 54: Microfinance in Africa 31 Financial
Page 55 and 56: Microfinance in Africa 33 situation
Page 57 and 58: Microfinance in Africa 35 have yet
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Microfinance in Africa 37 9. This i
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Microfinance in Africa 39 Ehrbeck,
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CHAPTER 2 Mobile Financial Services
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Mobile Financial Services in Africa
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Table 2.2 African First- and Second
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Table 2A.1 ID and SIM Registration
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79 Guinea Yes http://fr.allafrica.c
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Togo Yes http://www.mediaf.org/fr/t
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84 Coates and Hofmeister chains. It
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86 Coates and Hofmeister unions in
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88 Coates and Hofmeister trap for t
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90 Coates and Hofmeister Sources of
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92 Coates and Hofmeister Box 3.1 Ca
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94 Coates and Hofmeister farm input
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96 Coates and Hofmeister Technical
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98 Coates and Hofmeister agree to b
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100 Coates and Hofmeister Box 3.3 C
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102 Coates and Hofmeister Attitudes
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104 Coates and Hofmeister developin
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106 Coates and Hofmeister specifica
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108 Coates and Hofmeister ———
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CHAPTER 4 Housing Finance Simon Wal
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Housing Finance 113 Figure 4.1 Mort
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Housing Finance 115 countries, down
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Housing Finance 117 • The housing
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Housing Finance 119 limited to a fe
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Housing Finance 121 housing and inf
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Housing Finance 123 borrowed by ext
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Housing Finance 125 Box 4.1 Afforda
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Housing Finance 127 Box 4.2 South A
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Housing Finance 129 the degree to w
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Housing Finance 131 markets is the
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Housing Finance 133 are unable to o
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Housing Finance 135 greenfield vent
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Housing Finance 137 Figure 4.5 Obst
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Housing Finance 139 changes in the
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Housing Finance 141 • Introduce a
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Housing Finance 143 Box 4.6 Progres
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Housing Finance 145 of the impact o
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Housing Finance 147 funds. Within s
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Housing Finance 149 Hassler, O., an
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CHAPTER 5 The Reform Agenda for Fin
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The Reform Agenda for Financial Reg
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PART IV Financial Sector Reform: Ac
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180 Dafe lack access to external in
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182 Dafe having a positive theory o
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184 Dafe In sum, high transaction c
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186 Dafe through the selective allo
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188 Dafe institutions of the indust
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190 Dafe the boundaries of informat
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192 Dafe range of examples of both
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194 Table 6.1 Period Since the end
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196 Dafe state-owned financial inst
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198 Dafe The degree of success, in
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200 Dafe Although the current conse
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202 Dafe The interdependence of the
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204 Dafe in the 1980s and 1990s wer
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206 Dafe Alternative Approaches to
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208 Table 6.2 Approach to explain/
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210 Dafe state-centered, and interd
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212 Dafe particularly important fac
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214 Dafe Table 6.3 (continued) Mana
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216 Dafe activism in the developing
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218 Dafe structures can undermine m
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220 Dafe Conclusion There is strong
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222 Dafe policy is not straightforw
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224 Dafe banks that open agents in
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226 Dafe Bankable Frontier Associat
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228 Dafe Goldsheid, R. 1958. “A S
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230 Dafe ———. 2001. Types of
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