Bank Restructuring in Sub-Saharan Africa : Lessons Learned

Bank Restructuring in Sub-Saharan Africa : Lessons Learned

A review of bank restructuring operations in seven countries of Sub-Saharan Africa - Benin, Cote d'Ivoire, Ghana, Kenya, Tanzania, Uganda, and Mozambique indicates that not all these efforts have succeeded. Interventions to break-up or privati...

Full description

Bibliographic Details
Main Authors:	Deschamps, Jean-Jacques, Bonnardeaux, James
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTING ARREARS ASSETS BANK INSOLVENCY BANK RESTRUCTURING BANKING SECTOR BANKING SYSTEM BANKING SYSTEMS BANKS COLLAPSE COMMERCIAL BANK CONSOLIDATION DISBURSEMENT DISSOLUTION FOREIGN BANKS GOVERNMENT BONDS ILLIQUIDITY INDIVIDUAL BANKS INTEREST RATES LIMITED LIQUIDATION LOAN LOAN CLASSIFICATION MANAGERS MERGER NATIONAL BANK OPERATING LOSSES PRIVATIZATION REGULATORY FRAMEWORK RESCUE RESTRUCTURING OPERATIONS RESTRUCTURING PROGRAM RESTRUCTURING PROGRAMS SETTLEMENT SUPERVISORY AUTHORITIES
Online Access:	http://documents.worldbank.org/curated/en/1997/06/12862029/bank-restructuring-sub-saharan-africa-lessons-learned http://hdl.handle.net/10986/9929

Description
Summary:	A review of bank restructuring operations in seven countries of Sub-Saharan Africa - Benin, Cote d'Ivoire, Ghana, Kenya, Tanzania, Uganda, and Mozambique indicates that not all these efforts have succeeded. Interventions to break-up or privatize dominant state-owned banks are, in some cases, still going on, years after initial actions were agreed upon with local authorities. Hence, the importance of drawing lessons from these experiences for other African countries undertaking similar efforts. The review represents the first systematic attempt by the World Bank to analyze and compare the outcomes of bank restructuring programs in individual countries in the region.