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IFC Press Releases

IFC and Yoma Bank Ink Deal to Expand Financing for Small and Medium Enterprises in Myanmar

7 hours 9 min ago
Nay Pyi Taw, Myanmar, September 16, 2014— IFC, a member of the World Bank Group, has agreed to provide Yoma Bank Ltd. with a $5 million convertible loan and help the lender improve its risk management and corporate governance in support of the bank's growth strategy. The package is expected to

IFC Announces a $97.5 million Investment, including Equity, in ON Telecom to Boost Telecommunications Infrastructure in Brazil

7 hours 9 min ago
São Paulo, Brazil, September 16, 2014 - IFC, a member of the World Bank Group, will support the expansion of ON Telecom, a Brazilian broadband internet services provider, to increase the company’s network coverage and provide high-quality broadband internet connectivity to underserved regions

IFC Ramps up Investments to Boost Economic Integration in MENA

7 hours 9 min ago
Cairo, Egypt, September 16, 2014—IFC, a member of the World Bank Group, has stepped up its work encouraging cross border investments between emerging economies in the Middle East and North Africa and other developing regions over the past twelve months. During the 2014 financial year, whi

IFC Invests in Virgin Mobile to Expand Affordable Access to Broadband Mobile Services in Central and Eastern Europe

7 hours 9 min ago
Warsaw, Poland, September 16, 2014—IFC, a member of the World Bank Group, together with the European Bank for Reconstruction and Development (EBRD), Delta Partners Emerging Markets TMT Growth Fund II, and CEE Mobile Capital LLC (spearheaded by Dick Kiphart of KGC Capital LLC), will provide €40

مؤسسة التمويل الدولية تكثف استثماراتها لتعزيز التكامل الاقتصادي في منطقة الشرق الأوسط وشمال أفريقيا

7 hours 9 min ago
القاهرة، مصر، 16 سبتمبر 2014- عززت مؤسسة التمويل الدولية، عضو مجموعة البنك الدولي، من جهودها من أجل دعم وتشجيع تدفق الاستثمارات بين الاقتصادات الناشئة في منطقة الشرق الأوسط وشمال أفريقيا وغيرها من المناطق النامية على مدار الاثنى عشر شهرًا الماضية. وخلال العام المالي 2014 المنتهي في 30 يو

IFC Provides $50 million to Continuum Wind, Expands Access to Energy in India

11 hours 18 min ago
New Delhi, India, September 11, 2014— IFC, a member of the World Bank Group, will lend $50 million to two wholly-owned subsidiaries of Continuum Wind Energy (India) Private Limited to expand access to clean energy, and help reduce greenhouse gas emissions. IFC also helped mobilize a loan of $1

IFC Helps Trans-Oil Increase Agricultural Exports in Moldova

12 hours 51 min ago
Chisinau, Moldova, September 11, 2014 — IFC, a member of the World Bank Group, has extended financing to Trans-Oil to promote its agricultural export activities in Moldova and help raise the incomes of local farmers. The $155 million short-term pre-export finance facility, arranged by Societ

IFC Delivers Wide-Ranging Support for Private Sector, Poverty Reduction in Sub-Saharan Africa in 2014

16 hours 12 min ago
Nairobi/Dakar, September 10, 2014—IFC, a member of the World Bank Group, provided billions of dollars of new financing and  investment mobilization and delivered wide-ranging advisory services in sub Saharan Africa during its most recent fiscal year.  IFC’s activities impacted 1.1 million farm

En 2014, IFC a apporté un appui d’envergure au secteur privé et a contribué à la réduction de la pauvreté en Afrique sub-saharienne

16 hours 12 min ago
Nairobi/Dakar, le 10 septembre 2014 – Au cours de son dernier exercice financier, IFC, membre du Groupe de la Banque mondiale, a octroyé plusieurs milliards de dollars en nouveaux financements et mobilisations d'investissements, tout en fournissant une large gamme de services-conseil en Afri

IFC Becomes Shareholder of Austral to Support Expansion of Brazilian Insurance Market

5 days 5 hours ago
São Paulo, Brazil, September 9, 2014—IFC, a member of the World Bank Group, announced an equity investment of BRL 80 million (about US$ 36 million) in Austral Participações, to support the expansion of the insurance market for infrastructure and agricultural sectors, among others, and promote

IFC Adquire Participação na Austral para Apoiar a Expansão do Mercado de Seguros Brasileiro

5 days 12 hours ago
São Paulo, 9 de setembro, 2014 - IFC, membro do Grupo Banco Mundial, anuncia um investimento de R$ 80 milhões na Austral Participações para apoiar a expansão do mercado de seguros para os setores de infraestrutura e agricultura, entre outros, e inovação de produtos de seguro. A IFC vai adq

IFC Supports the Establishment of Myanmar Business Forum to Improve Investment Climate

6 days 8 hours ago
Yangon, Myanmar, September 8, 2014—IFC, a member of the World Bank Group, is supporting the establishment of the Myanmar Business Forum that will serve as a platform between the public and private sectors to discuss ways to improve the country’s business environment, thus attracting more inves

IFC Launches “Impact Notes - Green Bonds” for U.S. Individual Investors

1 week 8 hours ago
Washington, D.C., September 8, 2014—IFC, a member of the World Bank Group, is launching a new program that for the first time allows U.S. individual investors to buy triple-A rated IFC bonds that support renewable energy and energy efficiency investments in developing countries. The offeri

IFC Memorandum of Understanding with Volta River Authority for power generation projects in Ghana

1 week 8 hours ago
Accra, Ghana, September 08, 2014 – IFC, a member of the World Bank Group announced that it has signed a Memorandum of Understanding with the Volta River Authority (‘VRA’), Ghana’s national power generation utility, to support private sector investment in Ghana’s power sector. The Governmen

IFC apoia a AMERRA com financiamento de USD 60 milhões, expandindo o acesso ao financiamento para o agronegócio na América Latina

1 week 1 day ago
Washington, D.C./Nova York, NY,  8 de setembro de 2014— IFC, instituição do Grupo Banco Mundial, acaba de disponibilizar USD 10 milhões à AMERRA Latin America Finance, LLC (ALAF) para aumentar sua capacidade de empréstimo a empresas da cadeia de logística do agronegócio na América Latina, que

IFC incrementa el apoyo total a AMERRA a US$60 millones y amplía el acceso al financiamiento de las empresas de la agroindustria de América Latina

1 week 1 day ago
Washington, D.C. / Nueva York, 8 de septiembre de 2014. La Corporación Financiera Internacional (IFC), miembro del Grupo Banco Mundial para el sector privado, proporcionó US$10 millones adicionales a AMERRA Latin America Finance, LLC (ALAF) para apoyarle a incrementar sus préstamos a empresas

IFC and Panca Amara Utama Sign Syndication Agreement to Build Greenfield Ammonia Plant and Support Indonesia’s Manufacturing Sector

1 week 1 day ago
Jakarta, September 5, 2014—IFC, a member of the World Bank Group, and PT Panca Amara Utama today signed a syndication agreement under which PT Panca Amara Utama will obtain a $509 million long-term loan for the construction of its ammonia plant in Central Sulawesi Province. The deal will help

IFC investit dans Advans Côte d'Ivoire afin de développer l'accès des petites entreprises aux financements

1 week 1 day ago
Johannesburg, Afrique du Sud, le 4 septembre 2014- IFC, un membre du Groupe de la Banque mondiale, a annoncé aujourd'hui un investissement dans Advans Côte d'Ivoire visant à développer l'accès des micros, petites et moyennes entreprises aux services financiers. Le prêt de 4,3 millions de d

IFC invests in Advans Côte d’Ivoire to Expand Access to Finance for Small-Scale Businesses

1 week 1 day ago
Johannesburg, South Africa, September 4, 2014—IFC, a member of the World Bank Group, today announced an investment in Advans Côte d’Ivoire to increase access to financial services for micro-, small and medium companies. The $4.3 million loan, equivalent to CFA 2.0 billion, will help finance

Partnerships for Prosperity Welcomes the European Commission to the Platform

1 week 1 day ago
Paris, September 4, 2014 – The European Commission has announced that it will join Partnerships for Prosperity (P4P), a multi-stakeholder platform conceived to leverage the role of the private sector in support of sustainable development. The announcement followed the Commission’s endorsem

IFC Invests $27.5 million in India’s Lucid Colloids to Support Small Guar Farmers

1 week 4 days ago
New Delhi, India, September 3, 2014—IFC, a member of the World Bank Group, has invested $27.5 million to finance the expansion and backward integration plans of Lucid Colloids and support small farmers in India, boosting their productivity and incomes. The financing comprises compulsorily

IFC, VF Corporation to Provide Up to $10 Million to Improve Fire, Building Safety in Bangladesh

1 week 5 days ago
Washington, D.C., September 3, 2014—IFC, a member of the World Bank Group, and global apparel and footwear company VF Corporation, will provide up to $10 million to help VF suppliers in Bangladesh finance fire and building safety upgrades in their factories. VF, the parent company to many

IFC, VF Corporation to Provide Up to $10 Million to Improve Fire, Building Safety in Bangladesh

1 week 5 days ago
Washington, D.C., September 3, 2014—IFC, a member of the World Bank Group, and global apparel and footwear company VF Corporation, will provide up to $10 million to help VF suppliers in Bangladesh finance fire and building safety upgrades in their factories. VF, the parent company to many

IFC ofrece al BNB un mecanismo para respaldar el aumento del comercio exterior en Bolivia

1 week 5 days ago
La Paz, Bolivia, 3 de septiembre de 2014. La Corporación Financiera Internacional (IFC), miembro del Grupo del Banco Mundial, anunció que el Banco Nacional de Bolivia (BNB) se ha sumado a su Programa Mundial de Financiamiento para el Comercio, con el fin de ampliar el sector del financiamiento

IFC Provides BNB with Facility to Support Increased Trade in Bolivia

1 week 5 days ago
La Paz, Bolivia, September 3, 2014—IFC, a member of the World Bank Group, announced that Banco Nacional de Bolivia S.A. (BNB) has joined its Global Trade Finance Program to expand its trade finance business and better serve small and medium sized enterprises. BNB, the second largest bank i

IFC provides $60 million to BBVA Paraguay to Expand Access to Finance for Small and Medium Enterprises in Export Sector

1 week 6 days ago
Asunción, Paraguay, September 3, 2014—IFC, a member of the World Bank Group, will provide $60 million to  Banco Bilbao Vizcaya Argentaria Paraguay S.A., a subsidiary of Grupo BBVA, to expand access to finance for small and medium entrepreneurs in the export sector and to promote trade. IFC

New Report Shows Cruise Tourism Brings More Than $34million into Vanuatu Economy Annually

1 week 6 days ago
Apia, Samoa, September 1, 2014—Cruise tourism injected $34 million Australian dollars into the Pacific island nation of Vanuatu and brought an estimated further $18 million dollars in indirect economic benefits last year, according to a new study. The study, jointly funded by cruise compa

مؤسسة التمويل الدولية تستثمر في تطوير البنية التحتية لمنطقة الشرق الأوسط وشمال إفريقيا

1 week 6 days ago
القاهرة، مصر، 1 سبتمبر 2014- كثفت مؤسسة التمويل الدولية، عضو مجموعة البنك الدولي، من استثماراتها في مجال البنية التحتية في منطقة الشرق الأوسط وشمال أفريقيا على مدار الاثنى عشر شهراً الماضية، مركزةً في هذا الصدد على الإستثمار فى قطاع الطاقة. وخلال العام المالي 2014 المنتهي في 30 يونيو/ حز

IFC Invests in Infrastructure and Essential Services Across the Middle East

1 week 6 days ago
Cairo, Egypt, September 1, 2014—IFC, a member of the World Bank Group, has ramped up its investments in vital infrastructure throughout the Middle East and North Africa over the past 12 months, focusing on the energy sector. During fiscal year 2014, which ended on June 30, IFC committed $63

IFC Helps Improve Electricity Services in Afghanistan

1 week 6 days ago
Kabul, Afghanistan, August 31, 2014—IFC, a member of the World Bank Group, has helped Afghanistan’s national power utility choose a new private contractor to improve the quality of the electricity supply to more than 300,000 people across Kandahar, Helmand, Uruzgan, and Zabul provinces.  

IMF News

Press Release: East AFRITAC Holds a Workshop on Principles for Financial Market Infrastructures for Member Central Bank Officials

1 hour 57 min ago

Angola: IMF Deputy Managing Director Naoyuki Shinohara Visits To Discuss Economic Challenges

1 hour 56 min ago

A Quality of Growth Index for Developing Countries: A Proposal

5 hours 26 min ago
Working Paper No. 14/172

Press Release: IMF’s 2014 Financial Access Survey Helps to Map Global Financial Inclusion

7 hours 14 min ago

Ghana: IMF Mission Starts Discussions with Authorities on Possible Program

9 hours 37 min ago

Bank Ownership and Credit Growth in Emerging Markets During and After the 2008–09 Financial Crisis — A Cross-Regional Comparison

1 day 1 hour ago
Working Paper No. 14/171

Tunisia: Fourth Review Under the Stand-By Arrangement and Request for Modification of Performance Criteria—Staff Report

1 day 1 hour ago
Country Report

Supervisory Roles in Loan Loss Provisioning in Countries Implementing IFRS

1 day 4 hours ago
Working Paper No. 14/170

Reconsidering Bank Capital Regulation: A New Combination of Rules, Regulators, and Market Discipline

1 day 4 hours ago
Working Paper No. 14/169

IMF Survey: Lagarde Calls for Reforms to Unleash Economic Power of Women

1 day 4 hours ago

Financial Inclusion, Growth and Inequality: A Model Application to Colombia

1 day 8 hours ago
Working Paper No. 15/166

News and Monetary Shocks at a High Frequency: A Simple Approach

1 day 8 hours ago
Working Paper No. 14/167

Optimal Maturity Structure of Sovereign Debt in Situation of Near Default

1 day 8 hours ago
Working Paper No. 14/168

Demand Patterns in France, Germany, and Belgium: Can We Explain the Differences?

1 day 8 hours ago
Working Paper No. 14/165

Austria: IMF Executive Board Concludes 2014 Article IV Consultation

1 day 8 hours ago

Austria: 2014 Article IV Consultation—Staff Report

1 day 8 hours ago
Country Report

Austria: Selected Issues

1 day 8 hours ago
Country Report

Honduras: IMF Mission Concludes Visit

4 days 5 hours ago

IMF's Middle East Regional Technical Assistance Center Concludes Study Tour on VAT Implementation for the Afghanistan Revenue Department

4 days 5 hours ago

The Economic Power of Women's Empowerment, Keynote Speech By Christine Lagarde, Managing Director, International Monetary Fund

4 days 18 hours ago

Transcript of a Press Briefing by William Murray, Deputy Spokesman, International Monetary Fund

5 days 1 hour ago

Budget Institutions in Low-Income Countries: Lessons from G-20

5 days 1 hour ago
Working Paper No. 14/164

Press Release: IMF Executive Board Approves One-year Extension of the 2012 Borrowing Agreements

6 days 3 hours ago

Proposed New Grouping in WEO Country Classifications: Low-Income Developing Countries

6 days 6 hours ago

Albania: Statement following an IMF Mission

6 days 8 hours ago

Determinants of Banks' Net Interest Margins in Honduras

1 week 2 hours ago
Working Paper No. 14/163

Sovereign Debt Composition in Advanced Economies: A Historical Perspective

1 week 4 hours ago
Working Paper No. 14/162

Interview by Les Echos with Christine Lagarde, Managing Director, International Monetary Fund, September 8, 2014

1 week 6 hours ago

IMF Survey: Angola's Growth Set to Rally after Dip in Oil Output

1 week 1 day ago

Tunisia: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding

1 week 3 days ago

Angola: 2014 Article IV Consultation—Staff Report

1 week 4 days ago
Country Report

Angola: Selected Issues Paper

1 week 4 days ago
Country Report

Belize: IMF Executive Board Concludes 2014 Article IV Consultation

1 week 5 days ago

Press Release: Statement by IMF Managing Director Christine Lagarde on ECB Decisions

1 week 5 days ago

Republic of Congo: Selected Issues

1 week 5 days ago
Country Report

Republic of Congo: 2014 Article IV Consultation—Staff Report

1 week 5 days ago
Country Report

Press Release: Statement by the European Commission, the ECB and the IMF on Greece

1 week 5 days ago

Iceland: Report on Observance of Standards and Codes (ROSC)

1 week 6 days ago
Country Report No. 14/257

Haiti: IMF Executive Board Approves Extension of Extended Credit Facility

1 week 6 days ago

IMF Financial Activities -- Update August 28, 2014

1 week 6 days ago

Switzerland: Technical Note—Stress Testing the Banking System

1 week 6 days ago
Country Report

Switzerland: Technical Note—Systemic Risk and Contagion Analysis

1 week 6 days ago
Country Report

Switzerland: Technical Note—Macroprudential Institutional Arrangements and Policies

1 week 6 days ago
Country Report

Switzerland: Detailed Assessment of Observance—Insurance Core Principles

1 week 6 days ago
Country Report

Switzerland: Detailed Assessment of Implementation—IOSCO Objectives and Principles of Securities Regulation

1 week 6 days ago
Country Report

Switzerland: Technical Note—Oversight, Supervision, and Risk Management of Financial Market Infrastructures

1 week 6 days ago
Country Report

Switzerland: Detailed Assessment of Compliance—Basel Core Principles for Effective Banking Supervision

1 week 6 days ago
Country Report

OECD News - Corruption

Webcast on anti-corruption ethics and compliance tools from UNODC, OECD, World Bank

9 hours 16 min ago
Based on the OECD-UNODC-World Bank Anti-Corruption Ethics and Compliance Handbook, this webcast organised by KPMG offers an opportunity for attendees to learn about and understand the value of anti-corruption and ethics compliance best practices and how to use them to enhance their programmes.

Webinar: Anti-corruption ethics and compliance tools from UNODC, OECD, World Bank

14 hours 56 min ago
16 September 2014, 11.00am ET: Multiple anti-corruption principles for business can be confusing, especially for small- to medium-sized enterprises with limited resources. This webinar will offer an opportunity for attendees to learn about and understand the value of anti-corruption and ethics compliance best practices and how to use them to enhance their programmes.

A strategic perspective on the prevention, detection and investigation of international tax crime

4 days 10 hours ago
Heads of tax crime investigation in 44 countries, as well as the Financial Action Task Force and World Customs Organisation, have come together this week at Europol Headquarters in the Hague for the second meeting of the OECD Forum of Heads of Tax Crime Investigation.

ADB-OECD Conference on fighting corruption and building trust in Asia and the Pacific

1 week 4 days ago
3-4 September 2014, Phnom Penh, Cambodia: This conference focused on the key levers for restoring trust in government and building trust by and in the private sector and civil society.

OECD News - Development

OECD-CPI Dialogue: Improving Transparency and Accountability through Improved Tracking of Climate Finance Flows

0 sec ago
The OECD and CPI organised a Dialogue on "Improving Transparency and Accountability through Improved Tracking of Climate Finance Flows" on 22 September in New York.

Latin American Competition Forum

23 hours 47 min ago
The 2014 OECD-IDB Latin American Competition Forum takes place in Montevideo, Uruguay, on 16-17 September. Discussions will focus on electricity markets in Latin America, a peer review of Costa Rica's competition law and policy and mainstreaming competition policy with key policy makers.

ADB-OECD Conference on fighting corruption and building trust in Asia and the Pacific

1 week 4 days ago
3-4 September 2014, Phnom Penh, Cambodia: This conference focused on the key levers for restoring trust in government and building trust by and in the private sector and civil society.

OECD News - Economy

Joint OECD-NBER Conference on Productivity Growth and Innovation in the Long Run

0 sec ago
Despite large and growing investments in knowledge and innovation, productivity growth in many countries has slowed in recent years. At the same time, the urgent need for more rapid innovation (including its uptake and diffusion) in several key areas, such as in environment. This joint OECD-NBER workshop on 25-26 September 2014 will bring together academic experts to consider these challenges.

Global growth continuing at a moderate pace, OECD says

1 day 12 hours ago
A moderate expansion is underway in most major advanced and emerging economies, but growth remains weak in the euro area, which runs the risk of prolonged stagnation if further steps are not taken to boost demand, according to the OECD’s latest Interim Economic Assessment.

G20 GDP Growth - Second quarter of 2014, OECD

5 days 14 hours ago
G20 GDP growth picks up to 0.8% in second quarter of 2014

Managerial capital and business R&D as enablers of productivity convergence

6 days 14 hours ago
This paper explores the role of managerial capital and business research and development (R&D) in fostering multifactor productivity (MFP) convergence in a panel of 42 countries.

Reinvigorating the EU Single Market

6 days 14 hours ago
The EU Single Market remains fragmented by complex and heterogeneous rules at the EU and national levels affecting trade, capital, including foreign direct investment, and labour mobility.

Spain is on the road to recovery, but challenges remain to ensure sustainable, inclusive growth, says OECD

1 week 1 day ago
Spain is emerging from a protracted recession, marked by a return to moderate growth and rising international competitiveness. Decisive banking and fiscal reforms, coupled with supportive monetary policy from the European Central Bank, have reduced financial tensions and improved public finance.

Spain is on the road to recovery, but challenges remain to ensure sustainable, inclusive growth, says OECD

1 week 1 day ago
Spain is emerging from a protracted recession, marked by a return to moderate growth and rising international competitiveness. Decisive banking and fiscal reforms, coupled with supportive monetary policy from the European Central Bank, have reduced financial tensions and improved public finance.

Composite Leading Indicators (CLI), OECD, September 2014

1 week 1 day ago
Composite leading indicators continue to point to stable growth momentum in most major economies

Making the banking sector more resilient and reducing household debt in the Netherlands

1 week 4 days ago
Dutch banks were put under heavy strains early in the global downturn and have comparatively weak financial buffers to cope with new shocks. Falling house prices have increased the share of households with negative home equity to nearly 35% for home-owning households and 40% for mortgage holders.

Boosting the development of efficient SMEs in the Netherlands

1 week 4 days ago
Entrepreneurship is an important driver of economic growth, job creation and competitiveness. However, the small and medium-sized enterprises (SME) sector has been severely affected by the crisis, with access to bank finance being particularly difficult.

OECD appoints Catherine L. Mann as new Chief Economist

1 week 5 days ago
OECD Secretary-General, Angel Gurría is pleased to announce the appointment of Ms. Catherine L. Mann as the new OECD Chief Economist. Her appointment will reinforce the OECD’s commitment to identifying and promoting better policies for better lives around the world.

Consumer Prices, OECD - Updated: 2 September 2014

2 weeks 7 hours ago
OECD annual inflation slows to 1.9% in July 2014

OECD News - Finance

2014 OECD/IOPS Global Forum on Private Pensions

0 sec ago
2-3 October 2014, Swakopmund, Namibia: This event will focus on the pension reform process in Africa, tax and the financial incentives that affect savings in complementary private pensions, and the role of pension funds in long-term investment financing and capital market development.

2014 OECD/IOPS Global Forum on Private Pensions

0 sec ago
2-3 October 2014, Swakopmund, Namibia: This event will focus on the pension reform process in Africa, tax and the financial incentives that affect savings in complementary private pensions, and the role of pension funds in long-term investment financing and capital market development.

Sony Kapoor: The OECD must take charge of promoting long-term investment in developing country infrastructure

6 days 5 hours ago
This blog post by Sony Kapoor, Managing Director, Re-Define International Think Tank, gives his view on why the OECD – which uniquely houses financial, development, infrastructure and environmental expertise under one roof – must take charge of promoting long-term investment in developing country infrastructure.

3rd International Meeting on Terrorism Risk Insurance

6 days 11 hours ago
Washington DC, 10 September 2014: This meeting addressed the evolution of the terrorism threat, the availability and affordability of terrorism risk insurance, the financial liability of governments and short and long-term perspectives.

Making the banking sector more resilient and reducing household debt in the Netherlands

1 week 4 days ago
Dutch banks were put under heavy strains early in the global downturn and have comparatively weak financial buffers to cope with new shocks. Falling house prices have increased the share of households with negative home equity to nearly 35% for home-owning households and 40% for mortgage holders.

Boosting the development of efficient SMEs in the Netherlands

1 week 4 days ago
Entrepreneurship is an important driver of economic growth, job creation and competitiveness. However, the small and medium-sized enterprises (SME) sector has been severely affected by the crisis, with access to bank finance being particularly difficult.

Finance and enterprise affairs: Call for papers

2 weeks 1 day ago
We are looking for new and interesting thinking on how policy options in the areas of competition, corporate governance, capital markets and financial services, international investment and foreign bribery can have an impact on our well-being as defined by the OECD's Better Life Initiative.

The World Bank - Law and Development

Benchmarking the financial performance, growth, and outreach of greenfield microfinance institutions in Sub-Saharan Africa

1 day 19 hours ago
In recent years there has been a rapid increase in the presence and growth of greenfield microfinance institutions in Sub-Saharan Africa. This paper uses regressions to benchmark those African greenfields relative to other microfinance providers and finds that greenfields grew faster in terms of deposits and lending, improved their profitability to levels comparable to the top microfinance institutions, and substantially increased their lending to women. The effects were especially strong for greenfields that followed a consultant-led model to establish a deep retail banking presence spanning multiple countries, including the creation of extensive branch networks. Although their loan sizes are somewhat larger than those of most African microfinance institutions, indicating less outreach to the poorest market segments, greenfields have achieved rapid gains in financial inclusion on a broad scale.

The World Bank - Porverty Reduction

Infrastructure gap in South Asia : inequality of access to infrastructure services

19 hours 59 min ago
The South Asia region is home to the largest pool of individuals living under the poverty line, coupled with a fast-growing population. The importance of access to basic infrastructure services on welfare and the quality of life is clear. Yet the South Asia region's rates of access to infrastructure (sanitation, electricity, telecom, and transport) are closer to those of Sub-Saharan Africa, the one exception being water, where the South Asia region is comparable to East Asia and the pacific and Latin America and the Caribbean. The challenge of increasing access to these services across the South Asia region is compounded by the unequal distribution of existing access for households. This study improves understanding of this inequality by evaluating access across the region's physical (location), poverty, and income considerations. The paper also analyzes inequality of access across time, that is, across generations. It finds that while the regressivity of infrastructure services is clearly present in South Asia, the story that emerges is heterogeneous and complex. There is no simple explanation for these inequalities, although certainly geography matters, some household characteristics matter (like living in a rural area with a head of household who lacks education), and policy intent matters. If a poorer country or a poorer state can have better access to a given infrastructure service than in a richer country or a richer state, then there is hope that policy makers can adopt measures that will improve access in a manner in which prosperity is more widely shared.

GLS estimation and empirical bayes prediction for linear mixed models with Heteroskedasticity and sampling weights : a background study for the POVMAP project

5 days 19 hours ago
This note adapts results by Huang and Hidiroglou (2003) on Generalized Least Squares estimation and Empirical Bayes prediction for linear mixed models with sampling weights. The objective is to incorporate these results into the poverty mapping approach put forward by Elbers et al. (2003). The estimators presented here have been implemented in version 2.5 of POVMAP, the custom-made poverty mapping software developed by the World Bank.

Estimating poverty in the absence of consumption data : the case of Liberia

1 week 4 days ago
In much of the developing world, the demand for high frequency quality household data for poverty monitoring and program design far outstrips the capacity of the statistics bureau to provide such data. In these environments, all available data sources must be leveraged. Most surveys, however, do not collect the detailed consumption data necessary to construct aggregates and poverty lines to measure poverty directly. This paper benefits from a shared listing exercise for two large-scale national household surveys conducted in Liberia in 2007 to explore alternative methodologies to estimate poverty indirectly. The first is an asset-based model that is commonly used in Demographic and Health Surveys. The second is a survey-to-survey imputation that makes use of small area estimation techniques. In addition to a standard base model, separate models are estimated for urban and rural areas and an expanded model that includes climatic variables. Special attention is paid to the inclusion of cell phones, with implications for other assets whose cost and availability may be changing rapidly. The results demonstrate substantial limitations with asset-based indexes, but also leave questions as to the accuracy and stability of imputation models.

Estimating poverty in the absence of consumption data : the case of Liberia

1 week 4 days ago
In much of the developing world, the demand for high frequency quality household data for poverty monitoring and program design far outstrips the capacity of the statistics bureau to provide such data. In these environments, all available data sources must be leveraged. Most surveys, however, do not collect the detailed consumption data necessary to construct aggregates and poverty lines to measure poverty directly. This paper benefits from a shared listing exercise for two large-scale national household surveys conducted in Liberia in 2007 to explore alternative methodologies to estimate poverty indirectly. The first is an asset-based model that is commonly used in Demographic and Health Surveys. The second is a survey-to-survey imputation that makes use of small area estimation techniques. In addition to a standard base model, separate models are estimated for urban and rural areas and an expanded model that includes climatic variables. Special attention is paid to the inclusion of cell phones, with implications for other assets whose cost and availability may be changing rapidly. The results demonstrate substantial limitations with asset-based indexes, but also leave questions as to the accuracy and stability of imputation models.

Agricultural production, dietary diversity, and climate variability

1 week 5 days ago
Nonseparable household models outline the links between agricultural production and household consumption, yet empirical extensions to investigate the effect of production on dietary diversity and diet composition are limited. Although a significant literature has investigated the calorie-income elasticity abstracting from production, this paper provides an empirical application of the nonseparable household model linking the effect of exogenous variation in planting season production decisions via climate variability on household dietary diversity. Using exogenous variation in degree days, rainfall, and agricultural capital stocks as instruments, the effect of production on household dietary diversity at harvest is estimated. The empirical specifications estimate production effects on dietary diversity using both agricultural revenue and crop production diversity. Significant effects of agricultural revenue and crop production diversity on dietary diversity are estimated. The dietary diversity-production elasticities imply that a 10 percent increase in agricultural revenue or crop diversity results in a 1.8 percent or 2.4 percent increase in dietary diversity, respectively. These results illustrate that agricultural income growth or increased crop diversity may not be sufficient to ensure improved dietary diversity. Increases in agricultural revenue do change diet composition. Estimates of the effect of agricultural income on share of calories by food groups indicate relatively large changes in diet composition. On average, a 10 percent increase in agricultural revenue makes households 7.2 percent more likely to consume vegetables and 3.5 percent more likely to consume fish, and increases the share of tubers consumed by 5.2 percent.

World Trade Organization - News

Trade Policy Review: Chinese Taipei

9 hours 59 min ago
The third review of the trade policies and practices of Chinese Taipei takes place on 16 and 18 September 2014. The basis for the review is a report by the WTO Secretariat and a report by the Government of Chinese Taipei.

Azevêdo launches intensive consultations on taking the Bali package forward

1 day 6 hours ago
Director-General Roberto Azevêdo told a meeting of ambassadors to the WTO on 15 September that “we must begin a period of intensive and comprehensive consultations, starting now” on taking the Bali package forward. Emphasizing the importance of this coming work, he said that “we are in a very precarious position…and at a present I am not sure that the scale of the risk is fully appreciated by all”.

WTO announces winners of 2014 Essay Award for Young Economists

5 days 6 hours ago
The winners of the 2014 WTO Essay Award for Young Economists are Jonathan Dingel and Claudia Steinwender, it was announced on 11 September 2014 at the annual meeting of the European Trade Study Group in Munich. The Selection Panel praised the high quality of the papers submitted and highlighted the important trade policy implications of the winning articles.

Steps officially agreed for mediating food safety, animal-plant health friction

6 days 6 hours ago
A new mediation procedure to help members settle their differences on food safety and animal and plant health measures has officially been agreed since no objections were raised by the 5 September 2014 deadline.

Journalists and NGOs share their perspectives on trade and WTO in Bangkok workshops

1 week 1 day ago
The WTO’s Information and External Relations Division and Thailand’s International Institute for Trade and Development held regional workshops for ASEAN journalists and non-governmental organizations (NGOs) in Bangkok on 13–15 and 18–20 August 2014.

Ecuador launches safeguard investigation on floors of wood and bamboo and accessories

2 weeks 6 hours ago
On 2 September 2014, Ecuador notified the WTO’s Committee on Safeguards that it initiated on 28 August 2014 a safeguard investigation on floors and wood and bamboo and accessories.

Founded in 2000, the Parliamentary Network is an independent, non-governmental organization that provides a platform for Parliamentarians from over 140 countries to advocate for increased accountability and transparency in development cooperation. Alain Destexhe is the current Chair of the Parliamentary Network.

 

The Network – via its international secretariat, regional chapters and country chapters – reaches over 1500 Parliamentarians in Africa, Asia, Europe and the Americas. It strives to increase transparency and accountability in the development cooperation process by fostering the oversight role of parliaments and civil society. The Network has a specific focus on multilateral aid and a sub-focus on the work and modus operandi of the World Bank Group and the International Monetary Fund (IMF), the world’s largest multilateral funders.

 

It provides a platform for MPs and civil society to hold to account their own governments, as well as International Financial Institutions (IFIs), for development outcomes.

Membership is free of charge and open to elected parliamentarians who currently hold a mandate. As a member, you will receive The Parliamentary Network on the World Bank and International Monetary Fund’s policy materials, including the quarterly Network Review publication and the Parliamentarians and Development series.

You will also be eligible to attend the Annual Conference and participate in discussions with senior World Bank and IMF leadership. You can also be invited to take part in the Parliamentarians in the Field country visit programme.
In addition, the The Parliamentary Network on the World Bank and International Monetary Fund often invites partner organizations to join its activities.
PARLIAMENTARIAN PARTNER