03 December 2018 / Africa
Africa must accelerate market reforms
For Africa to grow, it needs a broad, all-inclusive financial market that facilitates investment. Policy-makers must pursue accelerated reforms to the continent's financial markets, principally because these can be used to raise capital to meet the region's significant funding needs, particularly for infrastructure projects. Africa's transformation requires significant resources. For example, to achieve universal energy access by 2025, as much as $55bn annually must be raised in domestic and international capital.