Activities and expected outcomes

This initiative will put in place the building blocks for a long-term relationship between financial market stakeholders in Africa. It will also contribute to the setting up of a transparent and well-documented statistical environment for the domestic financial markets, which in turn, will attract investors both domestic and foreign to the financial markets. Countries will learn from each other through the exchange of experiences and this will favour financial integration and harmonization. It will eventually improve financial market access for corporate borrowers and contribute to the creation of investment vehicles accessible to retail investors.

Activities and deliverables related to each of the AFMI's building blocks:

The complete implementation of the AFMI is expected to span over several years driven by the time needed to put in place the database, the reforms and improvements as defined by the Working Groups and finally the creation of indices and tracker funds to complement the creation of the ADBF. After that, it is expected that the dedicated working groups will keep working on delivering solutions and improvements to enable the AFMI structure meet future challenges and innovations.