The coverage of pension systems in the Africa region is limited to the small segment of the population in the formal sector. Coverage is thin partly because traditional contributory pension schemes are not responding to the needs of the informal sector. As a result, a large share of the...

Cover -- Title -- Copyright -- Table of Contents -- Chapter 1 Global Outlook: Subdued Growth, Shifting Policies, Heightened Uncertainty -- Summary -- Major economies: Recent developments and outlook -- Global trends -- Emerging and developing economies: Recent developments and outlook -- Outlook...

Global Financial Development Report 2013 is the first in a new World Bank series. It provides a unique contribution to financial sector policy debates, building on novel data, surveys, research, and wide-ranging country experience, with emphasis on emerging-market and developing economies. The...