Cameroon faces risks from microfinance links to banks – IMF staff
Rise of mobile banking is making microfinance sector more vulnerable, report says
Cameroon’s authorities need to address problems related to the country’s financial sector, a staff report from the International Monetary Fund says.
One key risk comes from the increasing links between banks and microfinance institutions (MFIs), says the report, published on August 13. Other risks include weak banks, an increase in non-performing loans and the growth of mobile financial services.
The report stresses the interdependence of banks and MFIs may become a new source of
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