Financial system and banking sector development
It is widely recognised that banking and financial sectors play a crucial role, both in their own right and in terms of the supporting role they play in the development of other sectors of the economy. Banking, for instance, plays a crucial role in intermediating finance but also has to be properly regulated and supervised. Similarly with non-bank financial institutions (pensions, insurance, stock markets etc.), which play a major role in mobilising savings and managing risk. Financial sector development policies aim to ensure that banks and non-banks develop in an efficient manner, and support broader economic development. Econsult has worked extensively on financial sector development issues in Botswana and elsewhere in SADC; selected projects include Enhancing Access to Finance in Botswana, Developing Financial Services and Improving the Efficiency of the Banking Sector in Angola, and Developing Bond Markets in SADC and COMESA.