The results are the same as in the sectoral level data I described above: The performance of firms heavily dependent upon external sources of funding is disproportionately negatively affected in deep financial systems during periods of banking crisis.
New Partnership for Africa’s Development (NEPAD) clearly points out the way forward for Africa’s future development. We encourage the Bank to actively participate in the implementation of this plan. The roles of the Bank involve policy guidance, technical assistance and advisory services on one hand, and coordination among African countries, African regional organizations, international institutions and global investors and donors on the other.