The Role Of Governance In The Effect Of The Internet On Financial Inclusion In Sub Saharan Africa PDF Download
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| Author | : Armand F. Akpa |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2023 |
| Genre | : |
| ISBN | : |
Download The Role of Governance in the Effect of the Internet on Financial Inclusion in Sub-Saharan Africa Book in PDF, ePub and Kindle
Financial inclusion is a necessary condition for the population to get access to credit. Despite the efforts made by governments and policy makers, the rate of financial inclusion in Sub-Saharan African (SSA) countries remains low. The internet can be one of the options to increase the rate of financial inclusion in SSA. But the use of internet in SSA remains low due to the poor quality of the internet and to its high cost. So, good governance quality can consolidate internet infrastructure in order to promote the internet. This paper analyses the role of governance quality in the relationship between internet and financial inclusion in SubSaharan African countries. The study utilises data from the International Monetary Fund (IMF) database for indicators of financial inclusion, World Development Indicators (WDI) for internet users and World Governance Indicators (WGI) for governance indicators over the period 2004 to 2020. Analysing the data using the System Generalized Method of Moments (SGMM), the results show that the internet can be effectively complemented with the quality of governance to improve financial inclusion.Thresholds of governance that are needed for the internet to promote financial inclusion are provided. The established thresholds are as follows: (i) 0.300 "voice and accountability" and "government effectiveness", respectively; (ii) 0.250 "rule and law"; (iii) 2.500 "economic governance" and (iv) 1.000 "institutional governace" and "general governance", respectively. Policies aimed at reinforcing the quality of governance in SSA countries could help consolidate internet infrastructure to promote internet usage and in turn improve financial inclusion.
| Author | : Mr.Amadou N Sy |
| Publisher | : International Monetary Fund |
| Total Pages | : 61 |
| Release | : 2019-02-14 |
| Genre | : Business & Economics |
| ISBN | : 1484385667 |
Download FinTech in Sub-Saharan African Countries Book in PDF, ePub and Kindle
FinTech is a major force shaping the structure of the financial industry in sub-Saharan Africa. New technologies are being developed and implemented in sub-Saharan Africa with the potential to change the competitive landscape in the financial industry. While it raises concerns on the emergence of vulnerabilities, FinTech challenges traditional structures and creates efficiency gains by opening up the financial services value chain. Today, FinTech is emerging as a technological enabler in the region, improving financial inclusion and serving as a catalyst for the emergence of innovations in other sectors, such as agriculture and infrastructure.
| Author | : Jean-Claude Kouladoum |
| Publisher | : |
| Total Pages | : |
| Release | : 2022 |
| Genre | : |
| ISBN | : |
Download Digital Technologies and Financial Inclusion in Sub-Saharan Africa Book in PDF, ePub and Kindle
The study investigates the digital technology-financial inclusion nexus in 43 Sub-Saharan African countries between 2004 and 2019. The methodologies are the Generalized Method of Moment (GMM) to take care of double causality and country heterogeneity and IV-Tobit to take into account the limited range in the dependent variables. At all levels, digital technology measured by ICT indicators of the subscription rate of fixed and mobile telephone users, fixed broadband, internet users and a composite indicator of digitalization have positive significant effects on financial inclusion. A further robustness check is conducted by computing a composite indicator of financial inclusion to determine how it is affected by digital technology. The findings indicate that the rate of financial inclusion in Sub Saharan Africa rises with increasing digital technologies. There should be more investments in terms of promoting financial and technological infrastructures and also in the human capital sector since financial literacy can play an important part in promoting financial stability and inclusive finance in Africa.
| Author | : Asli Demirguc-Kunt |
| Publisher | : World Bank Publications |
| Total Pages | : 228 |
| Release | : 2018-04-19 |
| Genre | : Business & Economics |
| ISBN | : 1464812683 |
Download The Global Findex Database 2017 Book in PDF, ePub and Kindle
In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.
| Author | : Daniel Makina |
| Publisher | : Academic Press |
| Total Pages | : 342 |
| Release | : 2019-06-09 |
| Genre | : Business & Economics |
| ISBN | : 0128142030 |
Download Extending Financial Inclusion in Africa Book in PDF, ePub and Kindle
Extending Financial Inclusion in Africa unveils the genesis and transformation of Africa’s financial sector and its ability to provide finance for all. Contributors of the Book traverse the whole spectrum of African financial systems, examining their depth and breadth and empirically evaluating their appropriateness and effectiveness to achieve inclusive financial services. Explores the evolution of the financial sector in Africa from the pre-colonial to post-colonial era Investigates the financial inclusion–economic growth nexus Explores the role of financial regulation and governance in either enhancing or limiting financial inclusion Evaluates unintended consequences of financial inclusion, including over-indebtedness and increased propensity to spend Assesses cross-sectional evidence on the link between financial inclusion and technological developments such as the internet and mobile technology
| Author | : Mr.Kangni Kpodar |
| Publisher | : International Monetary Fund |
| Total Pages | : 47 |
| Release | : 2011-04-01 |
| Genre | : Business & Economics |
| ISBN | : 1455227064 |
Download ICT, Financial Inclusion, and Growth Book in PDF, ePub and Kindle
This paper studies the impact of information and communication technologies (ICT), especially mobile phone rollout, on economic growth in a sample of African countries from 1988 to 2007. Further, we investigate whether financial inclusion is one of the channels through which mobile phone development influences economic growth. In estimating the impact of ICT on economic growth, we use a wide range of ICT indicators, including mobile and fixed telephone penetration rates and the cost of local calls. We address any endogeneity issues by using the System Generalized Method of Moment (GMM) estimator. Financial inclusion is captured by variables measuring access to financial services, such as the number of deposits or loans per head, compiled by Beck, Demirguc-Kunt, and Martinez Peria (2007) and the Consultative Group to Assist the Poor (CGAP, 2009). The results confirm that ICT, including mobile phone development, contribute significantly to economic growth in African countries. Part of the positive effect of mobile phone penetration on growth comes from greater financial inclusion. At the same time, the development of mobile phones consolidates the impact of financial inclusion on economic growth, especially in countries where mobile financial services take hold.
| Author | : Mame Astou Diouf |
| Publisher | : International Monetary Fund |
| Total Pages | : 28 |
| Release | : 2024-06-21 |
| Genre | : |
| ISBN | : |
Download A Conceptual Policy Framework for Leveraging Digitalization to Support Diversification in Sub-Saharan Africa Book in PDF, ePub and Kindle
The need for Sub-Saharan African (SSA) countries to diversify their economies is more urgent than ever. However, despite its established economic benefits, several challenges have precluded diversification in SSA. Against this backdrop, interesting initiatives to further adopt digital technologies, particularly during the COVID-19 pandemic, suggest that digitalization is a promising avenue to overcome barriers to diversification. Fast-paced advances in the diffusion of digital technologies and knowledge have the potential to transform SSA economies through several channels. By connecting people and facilitating the rapid diffusion of information, digitalization also promises to reshape the industrial structure of activities in new and unprecedented ways. Therefore, digitalization has the potential to promote diversification and growth in SSA by acting both as an enabler and driver of economic activities, helping support resilience. Yet, while the empirical literature on SSA suggests that digitalization can provide new opportunities for growth, employment, productivity, and inclusion, the impact on diversification has not been studied. This paper aims to fill this important gap in the literature. It also aims to strengthen IMF engagement with SSA policy makers by providing a conceptual policy framework, encompassing both horizontal and sectoral policies, on how to leverage digitalization to support diversification and boost resilience in a post-COVID world.
| Author | : Adrian Alter |
| Publisher | : International Monetary Fund |
| Total Pages | : 31 |
| Release | : 2015-11-09 |
| Genre | : Business & Economics |
| ISBN | : 1484317556 |
Download Financial Inclusion and Development in the CEMAC Book in PDF, ePub and Kindle
This paper examines financial inclusion and development in the CEMAC. We explore the level of financial inclusion in the CEMAC through a benchmarking exercise.We construct a measure of financial development gap and analyze its determinants. Using panel data regressions, we find that inflation, income, and natural resources explain most of the financial development level but that better financial sector governance and stronger economic governance are positively associated with financial sector development. Richer and poorer countries can be equally far from their expected financial development levels. Finally, we use a benchmarking exercise to identify countries that have successfully reduced the financial development gap and propose policy measures that CEMAC countries could use to boost financial inclusion.
| Author | : Eric F Nagbe, PH D |
| Publisher | : |
| Total Pages | : 190 |
| Release | : 2021-07-06 |
| Genre | : |
| ISBN | : |
Download Tax Incentives and Financial Inclusion in Sub-Saharan Africa Book in PDF, ePub and Kindle
In Sub-Saharan Africa, financial inclusion has rapidly increased recently. This is primarily due to the development of innovative business models like agent banking and digital financial services. However, around three-fourths of the adult Sub-Saharan African population does not have a bank account at a formal financial institution (World Bank, 2014). Only a little over 30% of adults were recorded to have a bank account in 2014, which went up by 6% from 2011 (IFC, 2020). Low levels of financial inclusion in Sub-Saharan Africa have become a significant hurdle to the region's economic growth. Research using household data shows that access to basic financial services like credit, payments, and savings can create a significant positive difference in the improvement of the poorer population's lives (Dupas & Jonathan, 2013; Sarma & Pais, 2011). An inclusive financial system will allow for broader access to financial services with non-price barriers. Without financial inclusion systems, the underprivileged population is reliant upon their minimal savings for investing in their education, starting an entrepreneurial business, and such. To a certain extent, financial exclusion contributes towards a persistent inequality in income (Ravallion, 2014). Financial inclusion has a multiplier effect on the overall economy, which is accomplished through higher savings pooled through the massive population segment at the lower end of the pyramid (Koku, 2015). Enhanced engagement of this population with no proper bank accounts in the economy via the formal financial system can result in improved financial conditions and, subsequently, improved living standards. The focus of this book is on the economic context of sub-Saharan Africa, particularly tax incentives.
| Author | : Ms.Ratna Sahay |
| Publisher | : International Monetary Fund |
| Total Pages | : 83 |
| Release | : 2020-07-01 |
| Genre | : Business & Economics |
| ISBN | : 1513512242 |
Download The Promise of Fintech Book in PDF, ePub and Kindle
Technology is changing the landscape of the financial sector, increasing access to financial services in profound ways. These changes have been in motion for several years, affecting nearly all countries in the world. During the COVID-19 pandemic, technology has created new opportunities for digital financial services to accelerate and enhance financial inclusion, amid social distancing and containment measures. At the same time, the risks emerging prior to COVID-19, as digital financial services developed, are becoming even more relevant.
