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Economic stabilization --- Financial institutions --- International cooperation. --- Evaluation. --- Financial Stability Board. --- United States.

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Financial capability, as defined by the World Bank and in this report, is the capacity to act in one's best financial interest, given socioeconomic and environmental conditions. It encompasses knowledge (literacy), attitudes, skills and behavior of consumers with respect to understanding, selecting, and using financial services, and the ability to access financial services that fit their needs (World Bank 2013d). Financial capability has become a policy priority for policy makers seeking to promote beneficial financial inclusion and to ensure financial stability and functioning financial markets. Today people are required to take increasing responsibility for managing a variety of risks over the life cycle. People who make sound financial decisions and who effectively interact with financial service providers are more likely to achieve their financial goals, hedge against financial and economic risks, improve their household's welfare, and support economic growth. Boosting financial capability has therefore emerged as a policy objective that complements governments' financial inclusion and consumer protection agendas. To this end, policy makers are increasingly using surveys as diagnostic tools to identify financial capability areas that need improvement and vulnerable segments of the population which could be targeted with specific interventions. The key findings and recommendations presented in this report cover three main areas: financial inclusion, financial capability, and financial consumer protection. The remaining chapters are structured as follows. Chapter one explores the financial inclusion landscape in Senegal. Chapter two gives an overview of Senegalese levels of financial capability, in particular about their financial knowledge, attitudes, and behaviors. Chapter three explores the relationship between financial inclusion and financial capability. The last chapter investigates if the products which financially included individuals use are effectively meeting their needs.

Access to Finance --- Affordable Housing --- Bank Accounts --- Best Practices --- Bonds --- Cash Transfers --- Commercial Banks --- Consumer Protection --- Consumers --- Curriculum --- Debt --- Economic Development --- Finance and Financial Sector Development --- Financial Crisis --- Financial Institutions --- Financial Literacy --- Financial Regulation & Supervision --- Financial Sector --- Financial Services --- Financial Stability --- Household Income --- Inflation --- Insurance --- Interest Rates --- Knowledge --- Knowledge Gaps --- Life Insurance --- Literacy --- Loans --- Marketing --- Mass Media --- Monetary Policy --- Mortgages --- Savings --- Securities --- Unemployment

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This report reflects significant changes in European Union (EU) corporate financial reporting since 2011. In June 2013, a new accounting directive was adopted, replacing the fourth and seventh directives on company law. A directive amending the 2006 audit directive and a new audit regulation addressing oversight of the most significant audits were adopted in April 2014. The new legislation, summarized in this guide, is a result of several years of drafting and discussions following the financial crisis of 2008 and it represent a landmark in the EU's efforts to strengthen its corporate sector accounting and auditing. The accounting directive seeks to enhance the quality of financial reporting and expand it, especially with regard to public interest entities, while reducing the administrative burden for smaller companies. The new audit reporting requirements introduced by the regulation are expected to increase the usefulness of statutory audits of public interest entities, such as listed companies, credit institutions, and insurance undertakings, and reduce risks of excessive familiarity between statutory auditors and their clients, encourage professional skepticism, and limit conflicts of interest. The audit directive and the regulation will bring more consistency in audit oversight and quality assurance systems across Europe. Implementation will involve significant challenges and require increased resources to ensure systems function effectively.

Accounting --- Arbitrage --- Bank Accounts --- Banking Sector --- Capital Markets --- Capital Requirements --- Competitiveness and Competition Policy --- Contracts --- Corporate Governance --- Corporate Law --- Credibility --- Debt --- Default --- Equity --- Finance --- Finance and Financial Sector Development --- Financial Crisis --- Financial Institutions --- Financial Management --- Financial Regulation & Supervision --- Financial Stability --- Fraud --- Human Resources --- Income Tax --- Inflation --- Insurance --- Law and Development --- Legal Framework --- Living Standards --- Loans --- Market Economy --- Private Sector Development --- Risk Management --- Securities --- Small Businesses --- Trade Liberalization --- Transparency --- Treaties

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While remaining robust, growth in 2015 eased slightly to 7.0 percent, slightly below the 7.1 percent achieved in 2014. The performance of the garment sector improved in 2015, while signs of economic moderation and weakness persisted in the tourism and agriculture sectors, respectively. Cambodia's real growth is projected to remain healthy at 6.9 percent in 2016, driven partly by a significant increase in government spending. Strong garment exports should help to offset a slowdown in agriculture, while the construction sector is expected to continue to remain an engine of growth. Downside risks to this outlook include potential renewed labor issues, continued appreciation of the United States (U.S.) dollar, slower economic recovery in Europe, and spillovers from a slowdown in the Chinese economy. The downward trend in poverty is expected to continue over the next few years, albeit at a slower pace, given the context of sluggish agriculture growth.

Access to Finance --- Accounting --- Analysis of Economic Growth --- Banking Sector --- Capital Markets --- Capital Requirements --- Commercial Banks --- Commodity Prices --- Consumer Protection --- Corporate Governance --- Debt --- Debt Management and Fiscal Sustainability --- Economic Growth --- Economic Management --- Economic Statistics, Modeling and Forecasting --- Equity --- Exchange Rates --- Expenditures --- Finance and Financial Sector Development --- Financial Crisis --- Financial Institutions --- Financial Management --- Financial Stability --- Fiscal & Monetary Policy --- Fiscal Policy --- Foreign Banks --- Foreign Direct Investment --- Human Capital --- Inflation --- Infrastructure Investment --- Insurance --- Interest Rates --- Investment Climate --- Legal Framework --- Life Insurance --- Loans --- Macroeconomics and Economic Growth --- Microfinance Institutions --- Monetary Policy --- Mortgages --- Poverty --- Price Stability --- Public Debt --- Public Investment --- Risk Management --- Securities --- Tariffs --- Taxes --- Terrorism