One of the reasons for the greater resilience of African economies to external shocks is that they now have much larger buffers of international reserves to support their balance of payments, although the improvement in their macroeconomic management undoubtedly made a more important contribution.
Thank you for your attention. 3  The scheme increases the coverage of deposit protection to 100.000 Euros, removes all co-insurance, and is applicable to branches and subsidiaries. 6  BIS Review 145/2008