The objective of the reforms is to improve the capacity of financial institutions to serve the needs of economic agents and the population at large. In Cote d'Ivoire, downsizing, reorganization and (as required) privatization and liquidation of key banks and insurance companies, in the early 1990s led to the establishment of a more efficient and competitive banking system. In Benin, all state-owned commercial banks were liquidated in the late 1980s...
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Reforming state-dominated banking systems in Africa : financial adjustment and technical assistance programs (English). Africa Region findings and good practice infobrief|no. 7 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/838821468209967254