Financial sector reforms and the development of financial intermediaries in Tanzania: 1985-1997
Satta, T.A / 1999

In Africa financial systems have been shackled with extensive. imprudent regulations operated on inefficient grounds and dominated by few institutions, mainly state commercial banks, Common among most of these Systems have been controls on interest rates; extensive government borrowing; directed lending and restriction on domestic and foreign owned private banks. The generally restrictive financial systems are known to have hindered efficient mobilization and allocation of financial resources and impeded monetary control and policy. The introduction of financial sector reforms in Tanzania , aims at among other things, gradually establishing more open credit markets, achieving flexible and eventually, liberal interest rates and enhancing financial intermediation.