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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
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
payments system (NPS) in virtually every country in the world. Recently, the issuance of central bank digital currency (CBDC …
Persistent link: https://www.econbiz.de/10012817616
formal principle-by-principle assessment. It was conducted as part of the joint IMF-World Bank Financial Sector Assessment …
Persistent link: https://www.econbiz.de/10013413749
The World Bank Treasury's Reserve Advisory and Management Partnership (RAMP) conducted its third survey on reserve … represent the views of the International Bank for Reconstruction and Development and World Bank and its affiliated organizations … or those of the Executive Directors of the World Bank or the governments they represent …
Persistent link: https://www.econbiz.de/10012700674
Governments face growing contingent liabilities from disasters as they tend to shoulder a significant share of disaster response and recovery costs. Disaster shocks increase government expenditure and hamper economic activities. An increasing number of countries are developing financial...
Persistent link: https://www.econbiz.de/10012646437
The world faces a triple crisis of three interconnected issues-development, climate, and nature― and current levels of … World Bank launched the Country Climate and Development Report (CCDR) in 2022. This core diagnostic tool aims to help … global climate change challenge. The first set of CCDRs covered only 10 percent of the world’s tropical forests, but the …
Persistent link: https://www.econbiz.de/10014579000
Lebanon is hit by yet another crisis: the spillover effects of the conflict in the Middle East. While the country remains mired in political and institutional vacuum, and a crippling socioeconomic crisis for over four years, it has now been hit by another large shock: fear that the current...
Persistent link: https://www.econbiz.de/10014454372
While remaining robust, growth in 2015 eased slightly to 7.0 percent, slightly below the 7.1 percent achieved in 2014. The performance of the garment sector improved in 2015, while signs of economic moderation and weakness persisted in the tourism and agriculture sectors, respectively....
Persistent link: https://www.econbiz.de/10012644605