Benin Financial Sector Review : Stability for a Better Inclusion
This report focuses on the Beninese financial sector by identifying the scope and penetration of specific activities such as banking, microfinance, retail payments, and agriculture finance and the challenges of effectively regulating and supervisin...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/319531556511306251/Benin-Financial-Sector-Review-Stability-for-a-Better-Inclusion http://hdl.handle.net/10986/31611 |
| Summary: | This report focuses on the Beninese
financial sector by identifying the scope and penetration of
specific activities such as banking, microfinance, retail
payments, and agriculture finance and the challenges of
effectively regulating and supervising such activities, with
recommendations aimed at ensuring their financial soundness
and achieving regulatory sustainability. The report is
organized as follows: chapter one provides a brief overview
of the activities of the banking sector, with an emphasis on
the level of its contribution in financing the economy, the
financial situation and impact on financial stability.
Chapter two provides a current state of the microfinance
sector, the challenges, and threats that may limit its
growth and contribution to the development of the real
economy, with recommendations to go forward. Chapter three
consists of a diagnosis of the retail payment ecosystem and
identifies several recommendations to help increase
financial inclusion in Benin. Chapter four provides an
overview of the current government interventions to
facilitate access to credit in the agriculture sector, the
enduring constraints which limit access to and the
attractiveness of the private sector, and suggestions to
crowd in further private sector financing. |
|---|