During the pandemic, African banks rebalanced their portfolio towards sovereign assets, and crowding out of credit to private sector intensified. Policy support, however, averted a credit crunch. The increase in public debt across Africa due to the COVID-19 crisis intensified crowding out of...

The Finance in Africa report emphasises the challenges faced by the African banking sector - including the impact of recent shocks, such as the COVID-19 crisis and Russia's invasion of Ukraine - and the importance of gender diversity in business and banking. The report also discusses the need...