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Bank Group Financial Sector Policy

02-Jun-2000

The financial sector, as defined in this report, comprises financial policies (monetary, financing of the public sector, provision of financial services), financial infrastructure (legal and regulatory framework, audit systems, accounting and financial procedures, payments systems), and financial institutions (banks, non-bank financial institutions, money and capital markets). The financial sector policy that is proposed in this report for the Bank Group to adopt covers these three aspects. The overarching Vision of the Bank Group highlights development and poverty reduction in Africa as its ‘primordial challenge’. Financial sector has a direct role in the promotion of development and reduction of poverty. As such, the Bank has to be increasingly involved in supporting financial sector development on the continent.

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