Capital Market and Financial Sector Development in Sub-Saharan Africa

In his paper, Capital Market and Financial Sector Development in Sub-Saharan Africa, Paul V. Applegarth, CEO of the Millennium Challenge Corporation, urges the U.S. government to establish capital market and financial sector development as an explicit objective of U.S. development assistance efforts in sub-Saharan Africa, institutionalize assistance to capital market and financial sector development within the government, and provide comprehensive U.S. government support for the essential components of capital markets through increased funding, technical assistance, and coordination with other donors.