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Over the years, the demand for seamless and inexpensive cross-border payments has grown in parallel with growth in international e-commerce, remittances and tourism. Yet, cross-border payments have not kept pace with the intensive modernization that has characterized domestic payment services...
Persistent link: https://www.econbiz.de/10012817614
In recent years, due to innovations in technology, the concept of digital currency has emerged out of the desire of some private entities to replicate specific properties of cash in the digital space. Digital currencies have been issued in various electronic formats and value propositions, and...
Persistent link: https://www.econbiz.de/10012817615
Payment and settlement systems and services have become vital components of the economic life of contemporary societies. Over the last decades, they have gone through several waves of reforms that have changed the landscape of the national payments system (NPS) in virtually every country in the...
Persistent link: https://www.econbiz.de/10012817616
This report aims at assisting Maldives Monetary Authority (MMA) to establish an effective oversight framework to monitor the different payment and settlement systems, payment instruments and payment service providers in the Maldives. The framework for oversight is based on the Bank for...
Persistent link: https://www.econbiz.de/10012646629
transparency in monetary policy. The transparency analysis was based on a review of relevant laws and regulations and the … International Monetary Fund (IMF s) code of good practices on transparency in monetary and financial policies without carrying out a … Program (FSAP) mission to Belarus that took place in November 2004. NBRB displays a satisfactory degree of transparency in …
Persistent link: https://www.econbiz.de/10013413749
The World Bank Treasury's Reserve Advisory and Management Partnership (RAMP) conducted its third survey on reserve management practices in 2021. One hundred and nineteen central banks, from different regions, income groups, and reserve levels, contributed to the survey, which included questions...
Persistent link: https://www.econbiz.de/10012700674
The Country Opinion Survey in Macedonia assists the World Bank Group (WBG) in gaining a better understanding of how stakeholders in Macedonia perceive the WBG. It provides the WBG with systematic feedback from national and local governments, multilateral and bilateral agencies, media, academia,...
Persistent link: https://www.econbiz.de/10012564600
Russia saw strong growth in 2021, with momentum weakening late in the year. Growth will slow as Russia battles COVID-19 and elevated inflation. Globally, environmental sustainability is becoming central to the economic agenda. The challenge for Russia is to fundamentally transform its economic...
Persistent link: https://www.econbiz.de/10013181668
The Kyrgyz Republic became a parliamentary democracy in 2010 following political turmoil and ethnic unrest. Kyrgyz Republic's economy has been resilient; however, the growth momentum of the past few years has been declining due to the difficult global economic environment and regional conflicts'...
Persistent link: https://www.econbiz.de/10012644606
Improving debt transparency is critical for promoting debt sustainability and creditworthiness assessments, increasing … of debt transparency, the costs associated with the lack of it, and its benefits, are extensively discussed in recent … World Bank literature. One of the key factors that limits debt transparency as it relates to public disclosure and the …
Persistent link: https://www.econbiz.de/10013413723