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While the microfinance sector is extensively used in Mali (about 1 million members often based in rural areas), the … sector has experienced a major crisis for over six years. The clean-up of the microfinance remains the most pressing priority … for the Malian authorities and the adoption of the emergency plan for the microfinance sector is a key milestone to …
Persistent link: https://www.econbiz.de/10012644584
The Credit Union (CU) sector is concentrated and has a significant number (129) of institutions. CU sector's loan portfolio is concentrated mainly in consumer loans. The prudential and market conduct situation of the CU sector present weaknesses. The legal framework for CUs is outdated (from...
Persistent link: https://www.econbiz.de/10012603519
State-owned financial institutions (SOFIs) and broader interventions by the state need to play a more prominent role in supporting financial inclusion, green activities and fostering competition among private financial providers. While SOFIs have been generally perceived as complementary to the...
Persistent link: https://www.econbiz.de/10013209143
This paper analyzes the performance and development of the Mexican pension annuity market in Mexico that stemmed from the 1997 pension reform. The Mexican experience displays interesting characteristics that provide lessons for other countries that still need to design the decumulation phase of...
Persistent link: https://www.econbiz.de/10013209209
Financial System Assessment Program (FSAP) update mission to Mexico from February 22 to March 8, 2006, an update of the observance of the CPSS Core Principles for Systemically Important Payment Systems (CPSIPS) was carried out. The Mexican authorities provided the FSAP team with a note in which...
Persistent link: https://www.econbiz.de/10013209210
A joint IMF and World Bank team conducted virtual missions to Georgia during January-February 2021 and May-June 2021, to update the findings of the Financial Sector Assessment Program (FSAP) conducted in 2014. This report summarizes the main findings of the mission, identifies key financial...
Persistent link: https://www.econbiz.de/10013181630
During the period June 2019 to October 2020 the World Bank (WB) and International Monetary Fund (IMF) teams updated the findings of the FinancialSector Assessment Program (FSAP) conducted in 2010. While the WB and IMF teams were able to visit the Philippines in 2019 in person, the 2020 missions...
Persistent link: https://www.econbiz.de/10012642785
The Philippine payment, clearing, and settlement infrastructure consists of systemically important financial market infrastructures and retail payment systems. The Philippine payment and settlement system (PhilPaSS) was implemented in 2002 and is operated by the payments and settlements office...
Persistent link: https://www.econbiz.de/10012642787
The Philippines corporate debt and equity markets will need to grow to provide alternative financing sources to support the strongly growing economy and emphasis on infrastructure spend. Capital markets deepening will be an essential pre-requisite for the country's continued economic...
Persistent link: https://www.econbiz.de/10012642788
The Philippines' financial sector is highly vulnerable to climate risks. The country has high exposure to natural hazards (typhoons, landslides, floods, droughts, volcanic eruptions), strong dependence on a climate-sensitive agricultural sector, and vast coastlines where all major cities and the...
Persistent link: https://www.econbiz.de/10012642789