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African countries can be taught from other growing nations might thus be categorized into general and particular. General lessons are those relevant to all creating international locations embarking on financial sector reforms regardless of the uniqueness of their financial system . Specific lessons relate to particular person creating international locations whose economy and preliminary pre-reform situations and liberalization programmes are comparable to these of individual African international locations drawing lessons from their experiences. Avoidance of those errors might need resulted in a nicely-functioning monetary system which could, underneath regular Amazing bippity boppity besties full printing hooded blanketcircumstances, contribute considerably to the stimulation of economic growth as instructed by concept and evidence. The system of concentrating on credits to precedence areas was eradicated. The operations of the money market was restructured. Entry into the banking sub-sector was restricted. Government’s capital share in all banks was reduced to a most of 25 percent (besides the place no appropriate purchaser of the government’s shareholding could be found). Financial liberalization was concentrated in the banking sub-sector as was the case in Nigeria, Ghana, Kenya, Tanzania, as already mentioned. Substantial
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