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The Urgent Need for Financial Reform to Mobilise Savings in Sub-Saharan Africa
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Location:
Distrito Federal, 70076900, Brazil
Contact person:
International Poverty Centre
Organization:
International Poverty Centre
Website:
http://www.undp-povertycentre.org/pub/IPCOnePager50.pdf
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Language(s):
English
Media:
Article or paper, Website
Fax:
+ 55 61 21055001
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Area of Focus:
Economic Development, Poverty and Hunger, Social Enterprise and Economic Development
Phone:
+ 55 61 2105 5000
Last updated:
March 5, 2008
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Description:
We are pleased to announce the publication of IPC One Pager #50, “The Urgent Need for Financial Reform to Mobilise Savings in Sub-Saharan Africa”. The authors, Sedat Aybar and Costas Lapavitsas, note that financial liberalization has failed to boost the region’s low savings rate and call for specific financial-sector reforms to support increased domestic resource mobilization. Emphasizing that there is there no absolute scarcity of savings, they call for a range of reforms, such as mobile banks, strengthened microfinance institutions and public mechanisms such as revitalized postal savings institutions and development finance institutions.
Available for downloading at: http://www.undp-povertycentre.org/pub/IPCOnePager50.pdf
This One Pager is part of IPC’s ongoing research programme on “Economic Policies, MDGs and Poverty”, which is based on a partnership with the Centre for Development Policy and Research and the Political Economy Research Institute.
This One Pager responds specifically to IPC Policy Research Brief #6, “Pro-Growth Alternatives for Monetary and Financial Policies in Sub-Saharan Africa” and the related Policy Research Brief #4, “The Macroeconomic Implications of MDG-Based Strategies in Sub-Saharan Africa”.
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Permalink:
http://www.idealist.org/if/i/en/av/Materials/84068-148/c
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