The World Bank and the International Monetary Fund (IMF) announced a new partnership work programme in 2018: the Bank-Fund Multipronged Approach for Addressing Emerging Debt Vulnerabilities.
This document summarizes the annual report of the UN Secretary-General's Special Advocate for Inclusive Finance for Development. It discusses the progress made in advancing financial inclusion globally through national commitments and strategies, private sector innovation in financial products for the poor, and improved data and understanding of client needs. Key highlights include the G20 launching a financial inclusion peer learning program with 17 country commitments and the growing role of mobile banking in expanding access to financial services.
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✅ On-time delivery
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✅ Free revisions
You can ask to revise your paper as many times as you need until you're completely satisfied with the result. Provide notes about what needs to be changed, and we'll change it right away.
✅ 24/7 Support
From answering simple questions to solving any possible issues, we're always here to help you in chat and on the phone. We've got you covered at any time, day or night.
To Forgive or Not to Forgive Essay
To Forgive or Not to Forgive
The document summarizes the Multilateral Debt Relief Initiative (MDRI), which proposes to cancel debts owed by some of the world's poorest countries to the IMF, World Bank, and African Development Bank. The MDRI builds on previous debt relief efforts like the HIPC initiative. It provides 100% debt relief to countries that have completed the HIPC program in order to help them achieve development goals. While debt relief can increase resources for poor countries, debt is not the main impediment to reducing poverty, and other reforms are also needed. The IMF was the first institution to implement MDRI debt relief for 21 countries totaling $3.67 billion.
2THE NEW SCHOOL Milano School of International Affairs, Mana.docxgilbertkpeters11344
2
THE NEW SCHOOL
Milano School of International Affairs, Management and Urban Policy
“Public Finance and Debt in Development”
Fall 2014
Final Exam
Ground rules: you are allowed, even encouraged, to study together and talk to each other in preparing your responses but please write your own answers. I will be available for email and personal consultation. Don’t hesitate to ask questions.
I. The debt situation of Grenada
The Caribbean island of Grenada is in a sovereign debt crisis. It has been working with the IMF to resolve its crisis. Grenada is in default on its obligations to most of its creditors. A year ago October, the Conference of Churches of Grenada met with the government and presented a set of four recommendations, which are attached. Your assignment is to analyze them using the latest IMF Grenada report and what you know about public finance and debt from the course; don’t waste time searching for other materials on the Internet (the IMF report is on line at http://www.imf.org/external/pubs/ft/scr/2014/cr14196.pdf; the “background” and “recent developments” sections will give you context, but you will also need to look deeper into the report). In particular, please answer the following:
A. [40 points] The churches called for a reduction of the government’s debt to 50% of GDP, requiring a two-thirds reduction of the debt. Referring to the IMF report, let us examine the situation and the outlook for Grenada’s debt ratio without debt reduction (hint: the debt sustainability analysis begins on page 58).
a. [10 points] How much did Grenada owe to its domestic and foreign creditors at the end of 2013 (measured as share of GDP) and what classes of foreign creditors were the main lenders to Grenada?
b. [10 points] IMF undertakes its Grenadian sustainability analysis in terms of the present value of the government’s external debt relative to GDP; how much does that differ from the nominal external debt to GDP ratio? The difference does not seem large. Why?
c. [20 points] Describe how the ratio of the present value of external debt to GDP is projected by the IMF Staff to change over the projection period, mentioning first the “baseline”, how it differs from the “historical” scenario and why. Then, identify the stress test with the most extreme impact (shocks are referred to as “bound tests” in table A3a) and what that shock would do to worsen the debt ratio.
d. Are you convinced the country needs debt reduction? You should be!
B. [20 points] In their second recommendation, the churches proposed the government take a different approach to the debt workout from the standard processes. In fact, Grenada is following the standard approach. Briefly describe what negotiations will be required to restructure its external sovereign debts.
C. [20 points] The third recommendation seeks transparency and public approval of the package of economic reform measures that are expected to accompany the debt restructuring. The fourth recommendat.
The World Bank Group committed $65.6 billion in loans, grants, equity investments and guarantees in the past year to help members and private businesses. This includes $18.6 billion from IBRD and $22.2 billion from IDA for the poorest. IDA received a record $52 billion replenishment to continue crucial investments in people. IFC provided $22 billion for private sector development and job creation, while MIGA issued $3.2 billion in guarantees for investments. The World Bank Group is focused on improving lives for the billion people in extreme poverty and building a more sustainable, prosperous and just world for all.
The MDBs and IMF are committed to supporting countries in achieving the ambitious new sustainable development goals by mobilizing trillions in investments from public and private sources. They currently leverage their capital to provide over $1 in financing for every $1 invested in them. Going forward, they will take steps to further increase the financing available through initiatives like exposure exchange agreements and innovative use of financial instruments. A key role of the MDBs is also helping countries increase their own domestic resources and attract private investments through policy advice and capacity building.
On the Sustainable Development Goals and the Role of Islamic FinanceSDGsPlus
This document discusses the role of Islamic finance in supporting the Sustainable Development Goals. It provides context on the development of the SDGs and the financing needs to achieve them. The document outlines how Islamic finance principles like risk sharing and equity-based models can help increase financial inclusion, promote financial stability, and support infrastructure investment and social development. Specifically, it discusses how Islamic tools like zakat and waqf can improve access to financial services for underserved groups and how risk-sharing in Islamic banks and capital markets makes financial systems more resilient.
Development Finance: Achieving a better distribution of ODA an Action Plan to...Dr Lendy Spires
This document discusses achieving a better distribution of official development assistance (ODA) by meeting the UN commitment of allocating 0.15-0.20% of gross national income (GNI) as ODA to least developed countries (LDCs). It notes that while ODA to LDCs increased from 1998-2009, the trend has recently reversed. The document proposes that the Development Assistance Committee (DAC) agree on actions to accelerate progress toward the UN target and ensure ODA is directed where needs are greatest. It aims to inform discussions at upcoming DAC and financing for development meetings on improving access to concessional resources for countries most in need.
This document summarizes the annual report of the UN Secretary-General's Special Advocate for Inclusive Finance for Development. It discusses the progress made in advancing financial inclusion globally through national commitments and strategies, private sector innovation in financial products for the poor, and improved data and understanding of client needs. Key highlights include the G20 launching a financial inclusion peer learning program with 17 country commitments and the growing role of mobile banking in expanding access to financial services.
Paper Writing Service - HelpWriting.net 👈
✅ Quality
You get an original and high-quality paper based on extensive research. The completed work will be correctly formatted, referenced and tailored to your level of study.
✅ Confidentiality
We value your privacy. We do not disclose your personal information to any third party without your consent. Your payment data is also safely handled as you process the payment through a secured and verified payment processor.
✅ Originality
Every single order we deliver is written from scratch according to your instructions. We have zero tolerance for plagiarism, so all completed papers are unique and checked for plagiarism using a leading plagiarism detector.
✅ On-time delivery
We strive to deliver quality custom written papers before the deadline. That's why you don't have to worry about missing the deadline for submitting your assignment.
✅ Free revisions
You can ask to revise your paper as many times as you need until you're completely satisfied with the result. Provide notes about what needs to be changed, and we'll change it right away.
✅ 24/7 Support
From answering simple questions to solving any possible issues, we're always here to help you in chat and on the phone. We've got you covered at any time, day or night.
To Forgive or Not to Forgive Essay
To Forgive or Not to Forgive
The document summarizes the Multilateral Debt Relief Initiative (MDRI), which proposes to cancel debts owed by some of the world's poorest countries to the IMF, World Bank, and African Development Bank. The MDRI builds on previous debt relief efforts like the HIPC initiative. It provides 100% debt relief to countries that have completed the HIPC program in order to help them achieve development goals. While debt relief can increase resources for poor countries, debt is not the main impediment to reducing poverty, and other reforms are also needed. The IMF was the first institution to implement MDRI debt relief for 21 countries totaling $3.67 billion.
2THE NEW SCHOOL Milano School of International Affairs, Mana.docxgilbertkpeters11344
2
THE NEW SCHOOL
Milano School of International Affairs, Management and Urban Policy
“Public Finance and Debt in Development”
Fall 2014
Final Exam
Ground rules: you are allowed, even encouraged, to study together and talk to each other in preparing your responses but please write your own answers. I will be available for email and personal consultation. Don’t hesitate to ask questions.
I. The debt situation of Grenada
The Caribbean island of Grenada is in a sovereign debt crisis. It has been working with the IMF to resolve its crisis. Grenada is in default on its obligations to most of its creditors. A year ago October, the Conference of Churches of Grenada met with the government and presented a set of four recommendations, which are attached. Your assignment is to analyze them using the latest IMF Grenada report and what you know about public finance and debt from the course; don’t waste time searching for other materials on the Internet (the IMF report is on line at http://www.imf.org/external/pubs/ft/scr/2014/cr14196.pdf; the “background” and “recent developments” sections will give you context, but you will also need to look deeper into the report). In particular, please answer the following:
A. [40 points] The churches called for a reduction of the government’s debt to 50% of GDP, requiring a two-thirds reduction of the debt. Referring to the IMF report, let us examine the situation and the outlook for Grenada’s debt ratio without debt reduction (hint: the debt sustainability analysis begins on page 58).
a. [10 points] How much did Grenada owe to its domestic and foreign creditors at the end of 2013 (measured as share of GDP) and what classes of foreign creditors were the main lenders to Grenada?
b. [10 points] IMF undertakes its Grenadian sustainability analysis in terms of the present value of the government’s external debt relative to GDP; how much does that differ from the nominal external debt to GDP ratio? The difference does not seem large. Why?
c. [20 points] Describe how the ratio of the present value of external debt to GDP is projected by the IMF Staff to change over the projection period, mentioning first the “baseline”, how it differs from the “historical” scenario and why. Then, identify the stress test with the most extreme impact (shocks are referred to as “bound tests” in table A3a) and what that shock would do to worsen the debt ratio.
d. Are you convinced the country needs debt reduction? You should be!
B. [20 points] In their second recommendation, the churches proposed the government take a different approach to the debt workout from the standard processes. In fact, Grenada is following the standard approach. Briefly describe what negotiations will be required to restructure its external sovereign debts.
C. [20 points] The third recommendation seeks transparency and public approval of the package of economic reform measures that are expected to accompany the debt restructuring. The fourth recommendat.
The World Bank Group committed $65.6 billion in loans, grants, equity investments and guarantees in the past year to help members and private businesses. This includes $18.6 billion from IBRD and $22.2 billion from IDA for the poorest. IDA received a record $52 billion replenishment to continue crucial investments in people. IFC provided $22 billion for private sector development and job creation, while MIGA issued $3.2 billion in guarantees for investments. The World Bank Group is focused on improving lives for the billion people in extreme poverty and building a more sustainable, prosperous and just world for all.
The MDBs and IMF are committed to supporting countries in achieving the ambitious new sustainable development goals by mobilizing trillions in investments from public and private sources. They currently leverage their capital to provide over $1 in financing for every $1 invested in them. Going forward, they will take steps to further increase the financing available through initiatives like exposure exchange agreements and innovative use of financial instruments. A key role of the MDBs is also helping countries increase their own domestic resources and attract private investments through policy advice and capacity building.
On the Sustainable Development Goals and the Role of Islamic FinanceSDGsPlus
This document discusses the role of Islamic finance in supporting the Sustainable Development Goals. It provides context on the development of the SDGs and the financing needs to achieve them. The document outlines how Islamic finance principles like risk sharing and equity-based models can help increase financial inclusion, promote financial stability, and support infrastructure investment and social development. Specifically, it discusses how Islamic tools like zakat and waqf can improve access to financial services for underserved groups and how risk-sharing in Islamic banks and capital markets makes financial systems more resilient.
Development Finance: Achieving a better distribution of ODA an Action Plan to...Dr Lendy Spires
This document discusses achieving a better distribution of official development assistance (ODA) by meeting the UN commitment of allocating 0.15-0.20% of gross national income (GNI) as ODA to least developed countries (LDCs). It notes that while ODA to LDCs increased from 1998-2009, the trend has recently reversed. The document proposes that the Development Assistance Committee (DAC) agree on actions to accelerate progress toward the UN target and ensure ODA is directed where needs are greatest. It aims to inform discussions at upcoming DAC and financing for development meetings on improving access to concessional resources for countries most in need.
Commercial banks are beginning to recognize microfinance as a viable market and offer financial services like loans, deposits, and money transfers to low-income households and small businesses. While banks have advantages over non-bank microfinance institutions like established infrastructure and access to deposit funding, they also face challenges in adapting traditional banking practices to the needs of poor clients. The document discusses various approaches banks can take to engage in microfinance, such as direct lending, creating a microfinance subsidiary, or partnering with existing microfinance organizations.
The document discusses financing sustainable development goals (SDGs) through innovative finance solutions. It notes that achieving the SDGs will require scaled up investment and aligning financial flows with sustainable objectives. It introduces India's Umbrella Programme on Natural Resource Management (UPNRM) which provides loan and grant funding to promote community-based sustainable natural resource management projects. The UPNRM aims to shift financing from grants to loans and has funded over 300 projects across India in sectors like agriculture, watershed development, and renewable energy. Key learnings include the need for better market research and access to ensure project viability.
Strategies for accessing Worldbank funds-Commercial BankingBatula Abdulazeez
The World Bank provides loans, grants, and technical assistance to developing countries for projects aimed at reducing poverty and supporting development. It focuses on key areas like financial inclusion, agriculture, health, education, gender, climate change, infrastructure, and industries. Nigeria has received funding and support from the World Bank for numerous recent projects related to youth, education, health, conflict resolution, and more. Commercial banks can access World Bank funds by identifying eligible projects, aligning with the Bank's goals, engaging stakeholders, submitting strong proposals, maintaining relationships, and leveraging their competitive advantages.
This annual report summarizes UNCDF's work in 2012, highlighting several innovative global programs to promote sustainable and inclusive growth in poor countries. These included partnerships to promote electronic payments for poverty programs through the Better Than Cash Alliance, and the Local Finance Initiative to unlock domestic finance for small infrastructure and agriculture projects. UNCDF also launched the CleanStart facility to increase access to sustainable energy financing and strengthened its work in post-conflict areas through the Local Cross-Border Initiative. Facing complex challenges from the global economic crisis, UNCDF pursued its mission through partnerships that leverage different strengths to effectively address poverty and promote development.
The document summarizes UNCDF's annual report for 2013. It discusses UNCDF's work with partners to promote inclusive finance and local development finance in least developed countries. Key points include:
- UNCDF works with partners in 33 LDCs to provide investment capital and technical support to both public and private sectors.
- In 2013, UNCDF continued innovating in inclusive finance and local development finance, leveraging synergies between the two areas.
- UNCDF's unique mandate allows it to deliver high leverage from both public and private partners' investments in LDCs.
Big banks-and-small-savers-gafis-project-report-dec2013Dr Lendy Spires
The document summarizes the findings of the Gateway to Financial Innovations for Savings (GAFIS) project, which worked with five large banks to design savings products for low-income customers. The project found that:
1) Banks can make low-balance savings accounts profitable by reducing costs through expanded use of agent networks and developing targeted products through different channels to meet customer needs.
2) Using agents as an acquisition channel helped activate more customers and increase savings activity beyond periodic withdrawals.
3) Banks are moving from a "Proposition 1.0" model of uniform undifferentiated savings accounts to a "Proposition 2.0" model of segmented products and diversified channels tailored to customer savings
This document analyzes the profitability of youth financial services (savings accounts and loans) offered by three financial institutions in Africa through the YouthStart program. It finds that only one institution, FCPB in Burkina Faso, has a profitable youth savings product due to maintaining minimum balance requirements and targeting more affluent youth. The savings products of the other two institutions, UFC in Rwanda and OIBM in Malawi, are not currently profitable but seen as long-term investments in financial inclusion. Youth loans present different challenges, as costs of managing higher-risk youth portfolios are difficult to predict. Providing meaningful financial education can help mitigate risks and improve portfolio quality, as demonstrated by UFC's program. The document
On the Sustainable Development Goals and the Role of Islamic FinanceSDGsPlus
This document discusses the role of Islamic finance in achieving the Sustainable Development Goals (SDGs). It makes the following key points:
1) Islamic finance can help finance the SDGs through its emphasis on financial inclusion, stability, and social and environmental factors. This includes microfinance, risk sharing, and prohibitions on interest that promote shared prosperity.
2) Specific instruments like zakat and waqf can mobilize resources for SDG priorities like poverty alleviation, health, and education. Equitization of debt through equity-based contracts also enhances financial stability.
3) Empirical evidence suggests higher financial development, including through Islamic finance channels, can reduce poverty and inequality more rapidly while also promoting
This paper examined the bank-specific determinants for commercial bank’s liquidity in Namibia. The
study was based on quarterly data covering the period 2001:Q1 to 2014:Q2, utilizing the technique of unit root and
ordinary least squares. The results of the unit root test showed that all variable were stationary in levels and thus,
the ordinary least squares technique was used to conduct the estimation. The results revealed a statistical
insignificant negative relationship between commercial bank’s liquidity and return on equity as a measure of
commercial bank’s profitability. Furthermore, the results also showed a positive relationship between commercial
bank’s liquidity and capital adequacy as well as between commercial bank’s liquidity and non-performing loans
though statistical insignificant.
INTERNATIONAL MONETARY FUND POWERPOINT PRESENTATIONharrydebelen104
The International Monetary Fund (IMF) is an intergovernmental organization with 190 member countries. It aims to promote international monetary cooperation, facilitate trade, maintain exchange rate stability, assist members in balancing of payments difficulties, and provide loans to address short-term balance of payments problems. The IMF monitors members' economies and policies through surveillance, provides periodic assessments of global economic conditions, and gives policy advice to promote stability. It is governed by the Board of Governors and overseen by the 24-member Executive Board.
The document discusses several organizations that make up the World Bank Group:
1. The International Bank for Reconstruction and Development (IBRD) lends to middle-income countries and provides loans, technical assistance, and risk management products.
2. The International Development Association (IDA) provides interest-free credits and grants to the world's poorest countries.
3. The International Finance Corporation (IFC) focuses on investing in private sector businesses in developing countries to promote private sector development.
Fi strategies-reference framework-final-aug2012Dr Lendy Spires
Financial inclusion strategies aim to coordinate efforts among stakeholders to achieve financial inclusion objectives through a roadmap of agreed actions. Successful strategies define responsibilities, prioritize targets, and establish shared goals between the public and private sectors. This document provides guidance on developing comprehensive strategies addressing access, usage, and quality of financial services. It outlines key components such as collecting data to inform targets, institutional structures, policies and regulations, infrastructure, and implementation support. Country examples illustrate different approaches tailored to local contexts.
The document summarizes the roles and impacts of the International Monetary Fund (IMF) and World Bank in Pakistan and other developing countries. It outlines how Pakistan has frequently received loans from the IMF since 1958 to address balance of payments issues and economic crises. While IMF programs in Pakistan in the 1990s failed to achieve targets, programs in the 2000s and 2010s helped restore fiscal stability. The World Bank also introduced structural adjustment programs and shifted to providing advice, expertise, and project-linked financing for development. However, both institutions have faced criticism for negative social, environmental, and economic impacts of their policy conditions.
Banking on Change - Breaking the Barriers to Financial InclusionDr Lendy Spires
This document discusses barriers to financial inclusion for billions of people globally. It identifies common barriers such as lack of financial literacy, gender and age discrimination, low and unpredictable income, lack of suitable banking products, geographic distance from banks, and restrictive national policies. These barriers are self-perpetuating as they have led banks to focus on more profitable client segments, leaving poor communities isolated from formal banking. The Banking on Change partnership aims to address this challenge by linking savings groups to formal bank accounts, and has already reached over 500,000 savings group members in just three years.
The document discusses barriers to financial inclusion for billions of people globally. It introduces the Banking on Change partnership between Barclays, CARE International UK, and Plan UK, which aims to break down barriers preventing poor people from accessing formal financial services. The partnership has linked informal village savings groups to formal banking, reaching over 500,000 people in three years. The document argues that facilitating links between community savings groups and banks could boost domestic savings and economic growth, while improving lives and representing a new model for development cooperation.
The IMF aims to prevent another global depression by encouraging countries to adopt sound economic policies and providing funds to address balance of payments problems. It puts pressure on governments to stimulate demand and provides loans to ensure liquidity. The IMF monitors economies, provides policy advice and technical assistance, and lends to countries with balance of payments issues to prevent financial crises from spreading. It is funded by capital subscriptions from its 183 member countries.
The World Bank is an international financial institution that provides loans and other financial assistance to developing countries. It was established in 1944 at the Bretton Woods Conference. The World Bank aims to reduce poverty through loans, policy advice, technical assistance, and knowledge sharing. It is made up of five institutions: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID). The World Bank focuses on long-term projects to promote economic development and reduce poverty.
On MDGs, the Post-2015 Development Agenda, and the World Bank GroupSDGsPlus
The document discusses financing for development goals after 2015, including the transition from the Millennium Development Goals (MDGs) to the Sustainable Development Goals (SDGs). It outlines key components of financing, such as domestic resource mobilization, better and smarter aid, private sector financing, and a supportive framework. The World Bank Group is well-positioned to implement the SDGs through its global practices and "One Bank" approach, which align with the integrated nature of the goals. Youth engagement is important for delivering and financing the post-2015 development agenda.
The IMF has helped reduce corruption in developing countries by advocating for policies that eliminate opportunities for bribery, fraud, and corruption in public resource management. It has also helped countries reduce public spending and discipline governments' fiscal policies by recommending spending cuts and lowering budget deficits. The IMF's efforts have contributed to strengthening economic growth, transparency, and accountability in many nations.
Commercial banks are beginning to recognize microfinance as a viable market and offer financial services like loans, deposits, and money transfers to low-income households and small businesses. While banks have advantages over non-bank microfinance institutions like established infrastructure and access to deposit funding, they also face challenges in adapting traditional banking practices to the needs of poor clients. The document discusses various approaches banks can take to engage in microfinance, such as direct lending, creating a microfinance subsidiary, or partnering with existing microfinance organizations.
The document discusses financing sustainable development goals (SDGs) through innovative finance solutions. It notes that achieving the SDGs will require scaled up investment and aligning financial flows with sustainable objectives. It introduces India's Umbrella Programme on Natural Resource Management (UPNRM) which provides loan and grant funding to promote community-based sustainable natural resource management projects. The UPNRM aims to shift financing from grants to loans and has funded over 300 projects across India in sectors like agriculture, watershed development, and renewable energy. Key learnings include the need for better market research and access to ensure project viability.
Strategies for accessing Worldbank funds-Commercial BankingBatula Abdulazeez
The World Bank provides loans, grants, and technical assistance to developing countries for projects aimed at reducing poverty and supporting development. It focuses on key areas like financial inclusion, agriculture, health, education, gender, climate change, infrastructure, and industries. Nigeria has received funding and support from the World Bank for numerous recent projects related to youth, education, health, conflict resolution, and more. Commercial banks can access World Bank funds by identifying eligible projects, aligning with the Bank's goals, engaging stakeholders, submitting strong proposals, maintaining relationships, and leveraging their competitive advantages.
This annual report summarizes UNCDF's work in 2012, highlighting several innovative global programs to promote sustainable and inclusive growth in poor countries. These included partnerships to promote electronic payments for poverty programs through the Better Than Cash Alliance, and the Local Finance Initiative to unlock domestic finance for small infrastructure and agriculture projects. UNCDF also launched the CleanStart facility to increase access to sustainable energy financing and strengthened its work in post-conflict areas through the Local Cross-Border Initiative. Facing complex challenges from the global economic crisis, UNCDF pursued its mission through partnerships that leverage different strengths to effectively address poverty and promote development.
The document summarizes UNCDF's annual report for 2013. It discusses UNCDF's work with partners to promote inclusive finance and local development finance in least developed countries. Key points include:
- UNCDF works with partners in 33 LDCs to provide investment capital and technical support to both public and private sectors.
- In 2013, UNCDF continued innovating in inclusive finance and local development finance, leveraging synergies between the two areas.
- UNCDF's unique mandate allows it to deliver high leverage from both public and private partners' investments in LDCs.
Big banks-and-small-savers-gafis-project-report-dec2013Dr Lendy Spires
The document summarizes the findings of the Gateway to Financial Innovations for Savings (GAFIS) project, which worked with five large banks to design savings products for low-income customers. The project found that:
1) Banks can make low-balance savings accounts profitable by reducing costs through expanded use of agent networks and developing targeted products through different channels to meet customer needs.
2) Using agents as an acquisition channel helped activate more customers and increase savings activity beyond periodic withdrawals.
3) Banks are moving from a "Proposition 1.0" model of uniform undifferentiated savings accounts to a "Proposition 2.0" model of segmented products and diversified channels tailored to customer savings
This document analyzes the profitability of youth financial services (savings accounts and loans) offered by three financial institutions in Africa through the YouthStart program. It finds that only one institution, FCPB in Burkina Faso, has a profitable youth savings product due to maintaining minimum balance requirements and targeting more affluent youth. The savings products of the other two institutions, UFC in Rwanda and OIBM in Malawi, are not currently profitable but seen as long-term investments in financial inclusion. Youth loans present different challenges, as costs of managing higher-risk youth portfolios are difficult to predict. Providing meaningful financial education can help mitigate risks and improve portfolio quality, as demonstrated by UFC's program. The document
On the Sustainable Development Goals and the Role of Islamic FinanceSDGsPlus
This document discusses the role of Islamic finance in achieving the Sustainable Development Goals (SDGs). It makes the following key points:
1) Islamic finance can help finance the SDGs through its emphasis on financial inclusion, stability, and social and environmental factors. This includes microfinance, risk sharing, and prohibitions on interest that promote shared prosperity.
2) Specific instruments like zakat and waqf can mobilize resources for SDG priorities like poverty alleviation, health, and education. Equitization of debt through equity-based contracts also enhances financial stability.
3) Empirical evidence suggests higher financial development, including through Islamic finance channels, can reduce poverty and inequality more rapidly while also promoting
This paper examined the bank-specific determinants for commercial bank’s liquidity in Namibia. The
study was based on quarterly data covering the period 2001:Q1 to 2014:Q2, utilizing the technique of unit root and
ordinary least squares. The results of the unit root test showed that all variable were stationary in levels and thus,
the ordinary least squares technique was used to conduct the estimation. The results revealed a statistical
insignificant negative relationship between commercial bank’s liquidity and return on equity as a measure of
commercial bank’s profitability. Furthermore, the results also showed a positive relationship between commercial
bank’s liquidity and capital adequacy as well as between commercial bank’s liquidity and non-performing loans
though statistical insignificant.
INTERNATIONAL MONETARY FUND POWERPOINT PRESENTATIONharrydebelen104
The International Monetary Fund (IMF) is an intergovernmental organization with 190 member countries. It aims to promote international monetary cooperation, facilitate trade, maintain exchange rate stability, assist members in balancing of payments difficulties, and provide loans to address short-term balance of payments problems. The IMF monitors members' economies and policies through surveillance, provides periodic assessments of global economic conditions, and gives policy advice to promote stability. It is governed by the Board of Governors and overseen by the 24-member Executive Board.
The document discusses several organizations that make up the World Bank Group:
1. The International Bank for Reconstruction and Development (IBRD) lends to middle-income countries and provides loans, technical assistance, and risk management products.
2. The International Development Association (IDA) provides interest-free credits and grants to the world's poorest countries.
3. The International Finance Corporation (IFC) focuses on investing in private sector businesses in developing countries to promote private sector development.
Fi strategies-reference framework-final-aug2012Dr Lendy Spires
Financial inclusion strategies aim to coordinate efforts among stakeholders to achieve financial inclusion objectives through a roadmap of agreed actions. Successful strategies define responsibilities, prioritize targets, and establish shared goals between the public and private sectors. This document provides guidance on developing comprehensive strategies addressing access, usage, and quality of financial services. It outlines key components such as collecting data to inform targets, institutional structures, policies and regulations, infrastructure, and implementation support. Country examples illustrate different approaches tailored to local contexts.
The document summarizes the roles and impacts of the International Monetary Fund (IMF) and World Bank in Pakistan and other developing countries. It outlines how Pakistan has frequently received loans from the IMF since 1958 to address balance of payments issues and economic crises. While IMF programs in Pakistan in the 1990s failed to achieve targets, programs in the 2000s and 2010s helped restore fiscal stability. The World Bank also introduced structural adjustment programs and shifted to providing advice, expertise, and project-linked financing for development. However, both institutions have faced criticism for negative social, environmental, and economic impacts of their policy conditions.
Banking on Change - Breaking the Barriers to Financial InclusionDr Lendy Spires
This document discusses barriers to financial inclusion for billions of people globally. It identifies common barriers such as lack of financial literacy, gender and age discrimination, low and unpredictable income, lack of suitable banking products, geographic distance from banks, and restrictive national policies. These barriers are self-perpetuating as they have led banks to focus on more profitable client segments, leaving poor communities isolated from formal banking. The Banking on Change partnership aims to address this challenge by linking savings groups to formal bank accounts, and has already reached over 500,000 savings group members in just three years.
The document discusses barriers to financial inclusion for billions of people globally. It introduces the Banking on Change partnership between Barclays, CARE International UK, and Plan UK, which aims to break down barriers preventing poor people from accessing formal financial services. The partnership has linked informal village savings groups to formal banking, reaching over 500,000 people in three years. The document argues that facilitating links between community savings groups and banks could boost domestic savings and economic growth, while improving lives and representing a new model for development cooperation.
The IMF aims to prevent another global depression by encouraging countries to adopt sound economic policies and providing funds to address balance of payments problems. It puts pressure on governments to stimulate demand and provides loans to ensure liquidity. The IMF monitors economies, provides policy advice and technical assistance, and lends to countries with balance of payments issues to prevent financial crises from spreading. It is funded by capital subscriptions from its 183 member countries.
The World Bank is an international financial institution that provides loans and other financial assistance to developing countries. It was established in 1944 at the Bretton Woods Conference. The World Bank aims to reduce poverty through loans, policy advice, technical assistance, and knowledge sharing. It is made up of five institutions: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID). The World Bank focuses on long-term projects to promote economic development and reduce poverty.
On MDGs, the Post-2015 Development Agenda, and the World Bank GroupSDGsPlus
The document discusses financing for development goals after 2015, including the transition from the Millennium Development Goals (MDGs) to the Sustainable Development Goals (SDGs). It outlines key components of financing, such as domestic resource mobilization, better and smarter aid, private sector financing, and a supportive framework. The World Bank Group is well-positioned to implement the SDGs through its global practices and "One Bank" approach, which align with the integrated nature of the goals. Youth engagement is important for delivering and financing the post-2015 development agenda.
The IMF has helped reduce corruption in developing countries by advocating for policies that eliminate opportunities for bribery, fraud, and corruption in public resource management. It has also helped countries reduce public spending and discipline governments' fiscal policies by recommending spending cuts and lowering budget deficits. The IMF's efforts have contributed to strengthening economic growth, transparency, and accountability in many nations.
Semelhante a The World Bank: Working to Promote Debt Transparency (20)
Learning Societies: The Globalization of LearningDomen Zavrl
The result of globalization has been a much more mobile international labour market for those who have learning credentials as well as those who do not.
Crypto Trends 2023: The Future of Bitcoin Adoption, NFTs and Web3 GamingDomen Zavrl
Major changes occurred in the world of crypto in 2022, from the rise of NFTs to the collapse of companies including Voyager Digital and Celsius Network. Looking ahead, 2023 is set to see more shifts, in areas such as the adoption of Bitcoin, the recovery of NFTs and the rise of Web3 gaming.
The concept of the stock market dates back centuries to Europe, with the US stock market established much later, in the 18th century.
Read more: https://www.domenzavrl.com/structured-finance-offers-new-options-for-investors
Commodity markets are a type of trading market designed specifically for the buying and selling of primary products and raw materials – or financial instruments related to these products. Commodity trading was one of the earliest types of trade, dating back to the dawn of civilisation.
The concept of quantum computing was first proposed in the 1980s. However, in 2022 we are still some way off from quantum computers becoming commercially available, at least in a format that can be adopted within business.
How the First Industrial Revolution Impacted Childhood EducationDomen Zavrl
The first Industrial Revolution took place across North America, Europe and England in the 18th century. During this time, the way in which children were educated altered drastically. Widespread increase in manufacturing led to a need for more skilled workers, which impacted education.
Portfolio diversification involves making a variety of investments with low or negative correlation to each other to hedge against market volatility. There are various ways investors can diversify their investment portfolio to minimise risk.
Quantum cryptography is a method of using properties of quantum mechanics to secure information using encryption. When data is secured or transmitted using quantum cryptography it cannot be hacked. Computers using quantum cryptography rely on the principles of physics, rather than the more traditional mathematical forms of cryptography.
Microeconomics is the study of the economic effects of the actions of individuals. Microeconomists look for patterns in how choices are made in response to a variety of microeconomic factors, such as changes in prices, incentives, resources and production methods. This data allows companies to allocate resources according to the most likely behaviours of the consumer.
Economics: Major Macroeconomic TheoriesDomen Zavrl
The Keynesian Theory of Economics is founded on the principle that aggregate demand will not always achieve the same level as the supply being produced
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"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Unlock Your Potential with NCVT MIS.pptxcosmo-soil
The NCVT MIS Certificate, issued by the National Council for Vocational Training (NCVT), is a crucial credential for skill development in India. Recognized nationwide, it verifies vocational training across diverse trades, enhancing employment prospects, standardizing training quality, and promoting self-employment. This certification is integral to India's growing labor force, fostering skill development and economic growth.
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Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfshruti1menon2
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaAmit Kakkar
Discover essential details about Thailand's recent visa policy changes, tailored for tourists and students. Amit Kakkar Easy Visa provides a comprehensive overview of new requirements, application processes, and tips to ensure a smooth transition for all travelers.
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5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
2. The World Bank:
Working to Promote
Debt Transparency
The World Bank and the International Monetary Fund
(IMF) announced a new partnership work programme
in 2018: the Bank-Fund Multipronged Approach for
Addressing Emerging Debt Vulnerabilities.
DOMEN ZAVRL
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3. DOME N ZAVRL
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The World Bank’s Debt
Management Facility offers
training, advisory support,
peer-to-peer learning
opportunities and analytical
tools to bolster a country’s
ability to manage its debt.
This initiative was designed to take
place in the global development agenda
context and support better monitoring of
debt vulnerabilities, scaled-up capacity
building regarding debt management and
greater debt transparency.
THE DEBT SUSTAINABILITY
FRAMEWORK
Together, the World Bank and the IMF
implemented a revised Debt Sustainability
Framework aimed at low-income
countries. The framework allows creditors
to create bespoke financing terms (to
anticipate potential future risks) and helps
countries to balance the ability to repay
their debts with their need for funds. The
framework also guides countries in how
to support their SDGs in cases where they
have a limited ability to service debt.
DEBT MANAGEMENT FACILITY
The World Bank’s Debt Management
Facility offers training, advisory support,
peer-to-peer learning opportunities and
analytical tools to bolster a country’s
ability to manage its debt. Launched in
2008, the initiative has supported reforms
and capacity building in more than 75
countries worldwide and implemented
over 290 missions of technical assistance.
4. DOMEN ZAVRL
For more information about macroeco-
nomics, visit the blog of Domen Zavrl.