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Sustainable growth and structural transformation in Africa: how can a stable and efficient financial sector help?

Sustainable growth and structural transformation in Africa: how can a stable and efficient financial sector help?

The Overseas Development Institute (ODI) in UK hosted an open seminar and workshop entitled "Financial Regulation in Low-Income Countries: Balancing Inclusive Development with Financial Stability" in Accra, Ghana in September 2013. Based on the results of both events, ODI released a report entitled "Sustainable growth and structural transformation in Africa: how can a stable and efficient financial sector help?"

The publication was co-edited by Dr. Dirk Willem te Velde, Head of Programme at the ODI and Professor Stephany Griffith-Jones of Columbia University. JICA-RI Senior Research Advisor Akio Hosono, a speaker at the seminar, contributed to the publication as one of the authors. In his article entitled "Development finance for structural transformation and inclusive growth: Asian experiences," he explains that financial institutions in East Asia that provided   long-term loans with low interest rates played an important role in the industrialization and inclusive development of the region.

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