Research by the IMF and the World Bank shows that there is still plenty of room for Africa on this front. Continuing efforts to further strengthen institutions are therefore highly needed. Personally, as an economist, I consider tackling deficiencies in property rights protection as the key challenge for African countries.
After all, as several studies have shown, well-defined and strongly protected property rights go hand in hand with economic growth and development. Let me conclude. I am optimistic on Africa. Innovations in finance will help Africa get on in the world, especially when combined with a further strengthening of institutions.