The growth and structure of financial institutions in African LDCs

Abstract

This report contains six parts. Part I is Introduction Part II gives a theoretical account of the savings and investment process and examines its applicability to Africa. This is followed in Part III by detailed examination of the characteristics of the banking system of African LDCs. Part IV examines the extent which mobilized funds have been used to finance investment (including the commercial banking system, post office savings bank and specialized credit institutions) while Part V examines the policy reforms necessary to make the banking system more operational and effective. Part. VI contains the conclusions of the study.