Financial Sector Assessment : Malawi
Malawi's financial system is small even by regional standards and bank dominated but with a variety of institutions and markets. The Malawian financial system consists of nine banks, two discount houses, one leasing company, eight insurance co...
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| Format: | Financial Sector Assessment Program (FSAP) |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2008/07/9757847/malawi-financial-sector-assessment http://hdl.handle.net/10986/15928 |
| Summary: | Malawi's financial system is small
even by regional standards and bank dominated but with a
variety of institutions and markets. The Malawian financial
system consists of nine banks, two discount houses, one
leasing company, eight insurance companies, four development
finance institutions (DFIs), a young-but
growing-microfinance industry, and a nascent capital market.
Only 10 percent of Malawi's population has access to
formal financial services, reflecting the high incidence of
poverty, high degree of informality, and a high proportion
of the population in rural areas. Malawi's financial
system offers a variety of conventional financial services,
concentrated on the short-term end of the yield curve, but
with an increasing focus on down-market products.
Significant ownership linkages within the financial system
and with non-financial corporations pose challenges for
governance and related party transactions. |
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