Africas financial systems face challenges across many dimensions as discussed in the report financing africa through the crisis and beyond the analysis in that report was based partly on several detailed background papers that are included in this volume the next six chapters are written by . Financial sector development in africa opportunities and challenges directions in development washington dc world bank doi 101596 978 0 8213 9628 5 license creative commons attribution cc by 30 translations if you create a translation of this work please add the following disclaimer along with the attribution. This edited volume contains eight studies of financial sector challenges in africa that served as background studies for financing africa through the crisis and beyond one of the major challenges for african financial systems is to expand financial services to a larger share of the population. This is due to the fact that financial sector development has been on the agenda of african policymakers for some time now as aside from profitable opportunities for investors continued development of this sector has the potential to transform the lives of millions of people across the continent while not without challenges africas . Financial sector development in africa an o vervie w it is now generally accepted that financial sector development is central to economic development levine 1997 and that
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