This report focuses on pension system greening and aims to provide data-driven recommendations to orient climate-aligned investment practices. In order to undertake a holistic analysis, this report consists of the following sections: a literature review outlining the need to green the global...

What can be done to rapidly and effectively contain systemic risks, restore the solvency and profitability of financial institutions, minimize the impact of financial sector distress on the economy and limit the fiscal costs of a crisis? What set of policies contribute to a rapid and successful...

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...

Diversification of the financial sector has been one of the central features of China's recent and rapid economic growth. This book traces the development of China's Trust and Investment Companies (TICs), the most numerous non-bank financial institutions to emerge in China, and their link to the...

It has long been recognized that poverty is multidimensional, comprising not only insufficient income but also deprivations in access to basic services, the quality of living conditions, personal security, and other aspects of well-being. Since 2010 there has been rapid growth in the development...