Over the past few years, Microfinance Institutions (MFIs) in Iraq have emerged as credible sources of financing for low-income households and entrepreneurs, both underserved by conventional banks. Microfinance services in Iraq, however, are still nascent and far from meeting their full...

Fintech is increasingly recognized as a key enabler for financial sectors worldwide, enabling more efficient and competitive financial markets while expanding access to finance for traditionally underserved consumers. A critical challenge for policy makers is to harness the benefits and...

The global toll of human suffering and material loss due to disasters has led to growing public concern and expanded institutional response in the form of disaster relief and recovery assistance from individuals, governments, and intergovernmental organizations. Initial humanitarian concern has...

This report is one of four analytical pieces on Ukraine's innovation and entrepreneurial ecosystem developed by the World Bank's Ukraine Technical Assistance on Innovation, supported by the Swedish Ukraine Financial and Enterprise Sector Recovery and Growth Trust Fund. The review presents an...

The European Union's Cohesion Policy is its biggest investment instrument. It supports the Europe 2020 strategy of smart, sustainable, and inclusive growth. With a budget of EUROS 351.8 billion for 2014-2020, the Cohesion Policy accounts for around one-third of the EU budget. The Cohesion Policy...

This Policy Note focuses on distribution channels, the role they play in product diversification and costs, and how regulation can promote competition in mutual funds (MFs) distribution. In many emerging market economics (EMEs) where both the capital markets and the MFs have reached certain...

Bangladesh has set up an ambitious target of attaining middle-income status by 2021. To achieve this objective, the economy needs to grow at a sustained rate of 7.5-8 percent annually and this would in turn require an increase in private investment to at least 26.6 percent of GDP from 22 percent...

The current regulatory environment in Bangladesh discourages the entry of innovative businesses.Entrepreneurs face a myriad of regulatory barriers including an absence of laws and regulations that clarify the rules of the game for new activities (regulatory gaps), and conflicting definitions and...

Regulatory policy is essential for economic growth and social welfare. Regulations are the rules set by the state to govern the daily life of citizens and businesses. Regulatory policy, the prerogative to establish these rules, is a key lever of state power. Poland has made progress in improving...

Kenya is an emerging middle income country with a growing share of its population living in urban areas. The country is at a relatively early stage of urbanisation, with around 27 percent of Kenyans living in urban areas, yet projections suggest that by 2050, about half the population will be...