Access to finance is an essential component of economic development and job creation. A host of studies have shown a positive correlation between financial development and economic growth. Access to finance is also critical for larger corporations and conglomerates, which, given their size,...

This document presents an incentive framework aiming to improve knowledge sharing (KS) and reusing behaviors at the World Bank. Given the nature of the Bank's work, evidence suggests that effective and efficient knowledge sharing might be the biggest predictor of success. To approach KS in a...

This note analyzes the evolution of Credit Information Systems, including the emergence of new technologies that use alternative data in credit decisioning and the opportunities and risks associated with these trends. This paper also predicts the potential development effect of these disruptive...

The transition to a more innovation-based growth model is even more urgent in the current uncertain global context[1]. While the GDP growth rate has proven resilient in recent years, declining oil and gas output, coupled with economic shocks, including the recent COVID-19 pandemic, havedented...

A growing body of empirical work suggests that personalized, just-in-time consultation about financial decision-making, with an emphasis on goal-setting, may be more effective to bring about improvements in financial consumer behavior than generalized, classroom-style education. With this in...

Disasters associated with the impact of natural hazards have had adverse social and fiscal effects on Panama over time, and the Government of Panama (GoP) is therefore committed to strengthening the financial management of disaster risks. Actions taken by the GoP in financial management of...

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...

This report forms part of the World Bank's technical assistance project undertaken with the European Commission's Directorate-General for European Civil Protection and Humanitarian Aid Operations (DG ECHO) and financed under the Union Civil Protection Mechanism (UCPM) Annual Work Program 2020....

The objective of this report is to summarize insights and provide recommendations related to the challenges and opportunities for civil protection (CP) agencies to leverage investments for disaster prevention and preparedness. This report draws on the findings of stakeholder consultations and...