The Absa Africa Financial Markets Index, produced by OMFIF, provides a toolkit for countries seeking to strengthen their financial markets infrastructure.
It tracks progress on financial market developments annually across a range of countries and indicators. The improvements outlined in the third Absa Africa Financial Markets Index underline significant progress across Africa’s financial markets. The first edition in 2017 shed light on the disadvantages of rigid foreign exchange regimes, which handicapped investors and constrained countries’ ability to deal with global developments. Subsequently, many countries have moved to more flexible exchange rates, improving their policy responsiveness and shock absorption capability. Similar positive changes can be seen in growing consciousness of the importance of local investors and improvements in the transparency and availability of market data.
The index, produced by OMFIF and sponsored by Absa, focuses on six fundamental pillars:
- Market depth
- Access to foreign exchange
- Market transparency, tax and regulatory environment
- Capacity of local investors
- Macroeconomic opportunity
- Legality and enforceability of standard financial markets master agreements
Accompanying the index is a complimentary digital interactive databank that allows users to visually compare and contrast the overall scores and positions on individual pillars in 2019.
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