Finanicial System Reform Needs In Africa And Latin America

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...big emerging markets, both Africa and Latin America show promise of economic advance only to withdraw from it again and thereby require additional approaches to the same goal. Corruption, civil war and AIDS are some of the persistent problems existing in Africa; much of Latin America still struggles with the vagaries of economic growth in varying levels of political stability. One feature that both regions share, however, is a need for reform in financial systems. Some countries in each region are making progress to achieving effective reforms.
Africa
There are some factors that financial system structure cannot address; four of these are blamed for the 2002...

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