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No Easy Answers

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African Indigenous Financial Institutions
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Abstract

The chapter reviews the theoretical and methodological contributions of the work. Examining the findings from both Liberia and the Democratic Republic of the Congo, it asserts a number of recommendations that could improve financial sector deepening and improve services for the unbanked. It finds that informal and indigenous financial services provide critical help to individuals during conflict, but overall the costs and inefficiencies of informal finance may be contributory to some of the challenges inherent in post-war economic growth and recovery.

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Notes

  1. 1.

    GOL. (2007). Comprehensive Assessment of the Agriculture Sector in Liberia 2007.

  2. 2.

    Lukumu Matabisi. “Microfinance as a tool for financial services reconstruction in post-conflict communities: a study of post-conflict microfinance in the Democratic Republic of Congo.” PhD diss., Southern New Hampshire University, 2011.

  3. 3.

    Stathis N. Kalyvas. The logic of violence in civil war. Cambridge: Cambridge University Press (2006), 355.

  4. 4.

    Nicholas Kristoff. (2016). “Big Government” Looks great when there is none. New York Times. [Online]. Available at: http://www.nytimes.com/2016/03/17/opinion/big-government-looks-great-when-there-is-none.html?_r=0. Accessed July 2016.

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Smith-Omomo, J. (2019). No Easy Answers. In: African Indigenous Financial Institutions. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-98011-9_9

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