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African Financial Sectors and the European Debt Crisis : Will Trouble Blow across the Sahara?The exposure of African financial sectors to global risks, including the likely fall-out of the on-going European debt crisis, continues to be limited. African financial sectors have received much recognition for their steady growth performance and resilience during and after the 2008 global financial crisis. Many of the transmission channels for global risks and financial contagion to financial sectors in Africa are narrow or of limited potential influence. This note analysis the recent performance of African financial sectors, the degree of their exposure to European banking sector risks, the observable impact of a decline in global investor confidence, as well as the link between fiscal and monetary policy and financial sector development. The analysis in this paper focuses primarily on the potential impact of the European debt crisis on the performance of African financial sectors and the credit intermediation channel. The analysis both assesses how a transmission channel affects the stability and solvency of African financial institutions and how it affects the ability of African firms and governments to access funding.
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Myanmar Economic Monitor, October 2015The Myanmar Economic Monitor (MEM) aims
 to periodically take stock of economic development and
 highlight economic prospects and policy priorities in
 Myanmar. Myanmar grew at an estimated 8.5 percent in real
 terms in 2014/15. The MEM touches on continued recovery in
 growth, public consumption, private investment, services,
 investment in manufacturing and industry, rebound in
 agriculture and the impact of floods. The monitor examines
 foreign trade and investment; the inflation, monetary and
 exchange rates; fiscal policy; and Myanmar’s economic
 outlook. The Policy Watch section covers a few selected
 priority issues closely related to Myanmar’s overall
 economic developments and outlook.
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Kenya Economic Update, December 2013, No. 9 : Reinvigorating Growth with a Dynamic Banking SectorKenyans are living two decades longer;
 the fertility and infant mortality rates have been cut in
 half; and school enrollment, at both the primary and
 secondary level, has more than doubled. On the economic
 front, gross domestic product (GDP) per capita increased
 eightfold; the largest share of GDP is the services sector,
 not agriculture; and the financial sector is now the third
 largest in Sub-Saharan Africa (after South Africa and
 Nigeria). Kenya strengthened its external position
 substantially in recent years, accumulating international
 reserves to meet program targets under the successfully
 completed international monetary fund (IMF) program. Reforms
 have improved the resilience of the banking sector to
 domestic and international shocks. With the advent of mobile
 information and communications technology (ICT)
 developments, the ceiling for innovation targeting specific
 segments of the market and outreach has been raised almost
 indefinitely. Kenyan banks are ahead of their counterparts
 in Sub-Saharan Africa in terms of the share of lending to
 small and medium-size enterprises (SMEs) in their
 portfolios. A mature banking sector and more generally, a
 well-developed financial sector that supports a vibrant
 private sector will be an important advantage to achieving
 the vision 2030 goals.