Since the G-20 summit in Seoul in 2010, financial inclusion has been included in the 2030 Agenda of the Sustainable Development Goals. However, Africa still lags far behind other developing regions in the world.
We present a mapping of the level of financial inclusion in Africa, constructed by us from World Bank's global findex database from 2011 to 2017.
Dear Hermann Ndoya,
In terms of the development of effective financial and economic integration in Africa, perhaps a good solution for the continent of Africa would be to plan and implement this integration according to the patterns developed in the European Union. On the other hand, by developing an effective financial system, i.e. coordinating and activating this development while avoiding financial crises, Africa should use proven patterns, but without making mistakes in investment banking and in the field of state intervention in highly developed countries, which led to a global the financial crisis of 2008. I researched the issues of determinants and sources of the global financial crisis in 2008. The results of this research are published in articles on my Research Gate profile. Among other things, I pointed to the role of central banking, investment banking, rating agencies, government agencies creating a guarantee system for granted mortgage loans with the bank's approval of a very high level of credit risk, etc.
Have a nice day, Stay healthy! Best wishes,
Dariusz Prokopowicz
Properly implemented financial integration in Africa will be one of the important factors in the dynamic economic development on this continent. It is important not to make the same mistakes as in the Anglo-Saxon model of the financial system that led to the greatest global financial crisis of 2008. I described this issue, ie the sources of the global financial crisis of 2008, in my publications, which are available on my Research Gate profile. If financial integration in Africa is implemented reasonably and efficiently, i.e. taking into account diligently conducted risk management processes, including credit risk, and taking into account sustainable development, effective use of the huge development potential, including the large resources of various raw materials, Africa may in the coming years to develop effectively and dynamically.
Regards,
Dariusz Prokopowicz
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