The importance of Payment and Settlement Systems prompted the Governors of the central banks of the Group of Ten (G-10) countries to establish in 1990 a permanent central bank Committee viz., the Committee on Payment and Settlement Systems (CPSS), as a successor to the Group of Experts on Payment Systems, set up by them in 1980.
But in a favourable environment, the young population can help achieve a demographic dividend. In that case, Africa would also strengthen the global economy. But creating enough jobs to absorb the new workers requires investment. The World Bank estimates that investment in the African countries needs to reach one-quarter of gross domestic product to achieve sustainable and inclusive growth.