This paper provides an overview of different regulatory approaches to Fintech and provides guidance for policymakers to understand the benefits and limitations of each. While some Fintech activities can often be covered within existing regulatory frameworks, the majority of jurisdictions are...

Mauritania, a country sparsely populated of 4.5 million people and a sustained growth of 60.4 percent in its urbanization rate, increasingly relies on enhancements in its transport connectivity among and within its urban areas to realize its economic potential and the improvement of its human...

This strategy and action plan put forward a guiding vision for the trans-Caucasus transit corridor (CTC), with a focus on the part to be played by Georgia and Azerbaijan to develop the CTC into a competitive alternative to other regional routes for the transport of goods, especially for...

Air transport plays an important role in fostering development, particularly in facilitating economic integration, generating trade, promoting tourism, and creating employment opportunities. It facilitates integration into the global economy and provides vital connectivity on a national,...

This report examines the system of residential electricity subsidies in Pakistan, and explores how it can be improved to better assist households within the existing political and budgetary constraints. The report is multi-disciplinary in nature, drawing on specially commissioned analysis of...

This report analyzes issues related to international migration in Armenia and its impact on Armenian households' welfare. The report uses microdata coming from two recent household surveys, the 2017 Russian-Armenian University survey, a nationally-representative household focused on...

Informal employment remains a salient and persistent feature of the Sri Lanka labor market, with around 70 percent of the work force informally employed. There are generally three reasons to be concerned about high informality: poverty, productivity and public finance. This report focuses on the...

Over the past few years, Microfinance Institutions (MFIs) in Iraq have emerged as credible sources of financing for low-income households and entrepreneurs, both underserved by conventional banks. Microfinance services in Iraq, however, are still nascent and far from meeting their full...