CONTENTS
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CONTENTS Explanatory notes ................................................................................................ vii Abbreviations................................................................................................. ..... viii
INTRODUCTION ................................................................................................................. 1 A. Africa’s services economy and why it matters for the continent ................... 2 B. Main focus and messages of the report....................................................... 3 C. Organization of the report ........................................................................... 5
CHAPTER 1: THE SERVICES SECTOR IN AFRICA: EMERGING TRENDS ...... 7 A. Introduction ................................................................................................. 8 B. Stylized facts on the services sector in Africa .............................................. 8
CHAPTER 2: MAKING REGULATION WORK FOR SERVICES IN AFRICA .. 37 A. Introduction ............................................................................................... 38 B. What are infrastructure services and why is their regulation important? ..... 38 C. Reforming infrastructure services provision in Africa .................................. 46
CHAPTER 3: ADDRESSING THE POLICY DISCONNECT IN AFRICA’S SERVICES TRADE ........................................................... 49 A. Introduction ............................................................................................... 50 B. Mapping African services policies at the national level ............................... 50 C. Mapping African services policies at the regional level ............................... 53 D. Mapping Africa’s services trade policies at the global level......................... 67 E. Bridging the disconnect of African services policies: Towards a coherent strategy for enhanced services trade .......................... 76
CHAPTER 4: UNLOCKING FINANCIAL SERVICES POTENTIAL IN AFRICA THROUGH CROSS-BORDER BANKING ....................... 81 A. Introduction ............................................................................................... 82 B. Financial sector development in Africa: depth and access issues .............. 82 C. internationalization of banking: cross-border banking ................................ 91 D. Financial services and cross-border banking regulation .............................. 97 E. Global regulatory commitments on financial services trade ....................... 102 F. Balancing domestic and global financial services regulation .................... 109