Group-based lending programs for the poor have become a focus of attention in the development community over the last several years. To date, there has been no comprehensive investigation of their impact on household behavior that has been sufficiently attentive to issues of endogeneity and...

The report aims to explore and analyze the major gaps in financial inclusion and access to finance in Romania, as identified in the Technical Note on Financial Intermediation prepared in the context of the Financial Sector Assessment Program (FSAP) (2018). The FSAP technical note analyzed the...

This report consists of a collection of essays on extreme poverty. The first part of the report deals with what it means to live in extreme poverty, how to reach the very poor, through programs, and interventions, and how to make private, and public institutions more responsive to their...

Households in developing countries adopt livelihood strategies that often rely on income from a diversity of sources. From a policy perspective it therefore becomes important to understand the relative importance of income sources in driving inter-household inequality and poverty.