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This report focuses on the Beninese financial sector by identifying the scope and penetration of specific activities such as banking, microfinance, retail payments, and agriculture finance and the challenges of effectively regulating and supervising such activities, with recommendations aimed at ensuring their financial soundness and achieving regulatory sustainability. The report is organized as follows: chapter one provides a brief overview of the activities of the banking sector, with an emphasis on the level of its contribution in financing the economy, the financial situation and impact on financial stability. Chapter two provides a current state of the microfinance sector, the challenges, and threats that may limit its growth and contribution to the development of the real economy, with recommendations to go forward. Chapter three consists of a diagnosis of the retail payment ecosystem and identifies several recommendations to help increase financial inclusion in Benin. Chapter four provides an overview of the current government interventions to facilitate access to credit in the agriculture sector, the enduring constraints which limit access to and the attractiveness of the private sector, and suggestions to crowd in further private sector financing.
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Gender equality is a core development objective in its own right, and it is also a smartdevelopment policy. Gender equality is also a key pathway to ensure lasting poverty reductionand shared prosperity. Identifying the main gender gaps a country faces across differentdomains, contributes to better inform policy design. To that effect, this report seeks to identifywhere progress has been achieved with regard to increasing opportunities for women and menin Turkey and where further policy action is required. It focuses on three areas that are criticalfor gender-equal access to opportunities, namely endowments such as health and education;economic opportunities, such as access to labor, land and financial markets; and agency,including norms, representation, and freedom from violence. The report takes advantage of different sources of publicly available data for the country, including the World Bank's World Development Indicators (WDI), the Global Financial Inclusion (FINDEX) Database, the Business Environment and Enterprise Performance Survey (BEEPS), the World Health Organization (WHO) Statistics, as well as data from the Organization for Economic Co-operation and Development (OECD), and others. National surveys by the Turkish Statistical Institute include the Income and Living Conditions Survey (SILC) 2015, the Turkish Labor Force Survey (LFS) 2016 and the Household Budget Survey (HBS). In addition, the Ministry of Family and Social Policies (MoFSP) and Hacettepe University Institute of Population Studies conducted the National Research on Domestic Violence against Women in Turkey. The Turkish Demographic and Health Survey (TDHS) collected by the Ministry of Development (MoD) and Hacettepe University Institute of Population Studies, and the Research on Family Structure in Turkey (TAYA) by MoFSP were also used. The report aims to provide a panorama of the prevailing gender gaps and areas for work to close those gaps in the country, covering a wide range of outcomes.
Access to Finance --- Employment --- Gender --- Labor Market --- Labor Markets --- Social Protections and Labor --- Violence Against Women
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At the request of the National Treasury of the Republic of South Africa, the World Bank Group (WBG) undertook a Retail Banking Diagnostic focusing on the provision of consumer transactional accounts and fixed deposits by retail banks in South Africa. The aim of the Retail Banking Diagnostic was to identify potential deficiencies from a fair-treatment perspective in banks' provision of such accounts and deposits, and whether and how any identified major fair-treatment deficiencies could appropriately be addressed through market conduct regulation, having regard to international good practices and the South African market context. A WBG team visited South Africa in April 2017 and undertook discussions to inform the diagnostic with regulators, a range of banks offering consumer transactional accounts and fixed deposits, relevant financial sector ombud schemes, and industry and consumer bodies. Further discussions and inquiries and desk-based research were undertaken following the visit. Except where stated otherwise, the report reflects research undertaken up to September 2017, and it does not cover developments after that time. This report sets out the findings of the diagnostic and provides recommendations for regulatory improvements and related measures for consideration by the South African authorities. Where the report recommends legal measures to address an issue, it is envisaged that these would be implemented either through fair-treatment conduct standards made by the FSCA pursuant to section 106 of the recently passed Financial Sector Regulation Act 2017 (FSR Act) or, in due course, through the Conduct of FinancialInstitutions Bill (COFI Bill) being developed by the National Treasury, and subordinate legislation, such as Standards, to be developed under the resulting COFI Act (referred to collectively in the report as the "COFI/FSR Laws").
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One important barrier to insurance markets that are more inclusive is the necessity to better understand the needs of low-income and other un- and underserved populations. These people are not currently clients of insurers and are difficult for insurers to reach through normal operations. As a result, many well-motivated efforts to provide client solutions can fail because of a misunderstanding or lack of understanding of the client's situation. This publication explores the situation in Ethiopia where the population has unserved needs that can be met with affordable products they actually want. The results show a clear gap between the effects of various financial shocks and households' ability to cope with them and a clear gap of unmet but insurable risks. The results also show that experience with and knowledge of insurance is very low, but this can be leveraged as an opportunity. This study, along with applying generally accepted wisdom, could help innovations in microinsurance more likely to succeed.
Access to Finance --- Consumer Protection --- Financial Literacy --- Inequality --- Insurance --- Long-Term Finance --- Mortality --- Risk Management
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This report is based on a study of the costs and savings of retail payments in Albania using a methodology (A Practical Guide for Measuring Retail Payment Costs) developed by the World Bank's Payment Systems Development Group, part of the Financial Inclusion, Infrastructure, and Access at the Finance, Competitiveness, and Innovation Global Practice. By applying this methodology to Albania, the study aims to establish a sound economic baseline for the national retail payments system in terms of costs of different payment instruments to better guide system development and enable high-impact changes. Moreover, the methodology allows for the development of substitution scenarios (from more costly to less costly retail payment instrument) and the resulting cost savings. It is designed based on four main principles: applicability, comparability, efficiency, and standardization and can be adapted to country-specific circumstances without losing its comparative nature, across time and across countries.
Access to Finance --- Credit --- Finance and Financial Sector Development --- Financial Structures
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This review of gender issues aims to uncover the main gender gaps in the country, and to identify potential policy recommendations that could help closing them in the coming years.The note is an input to the development of a Gender Action Plan for the Andean Countries under the Gender Analysis Work Program. The note lays out a descriptive overview of gender gaps in endowments, economic opportunities and agency the explanation of the observed situation is outside the scope of this note.This note applies the analytical framework devised by the WDR 2012 on Gender Equality and Development. Chapter one covers the legal and institutional framework and the issue of the agency of women - e.g. political representation and violence against women, time use, and attitudes towards women; Chapter two provides an overview the situation with regards to the main endowments of health and education; and Chapter three deals with the existing gender gaps in economic opportunity - labor force participation and unemployment, the quality of employment, earnings, entrepreneurship and access to finance.The draft review is the result of the first stage in the assessment process. The note mainly reflects an initial descriptive exercise, and will be revised after the completion of stakeholder consultations in the countries; the results of such consultations will not only help identify additional literature and research on specific issues, but also help prioritize the key gender gaps to be addressed based on the way discussions on the issue are currently taking place in the country.
Access to Finance --- Agency --- Educational Attainment --- Employment --- Fertility --- Legal Framework --- Maternal Mortality --- Social Norms --- Violence Against Women --- Women's Empowerment
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Households accumulate wealth as a reserve against unexpected contingencies. We employ a detailed household survey in Afghanistan to study how non-housing wealth accumulation of households varies with labor income uncertainty. We find that households facing higher income uncertainty accumulate significantly larger quantities of non-housing wealth. Exploiting variation in availability of banks and micro-finance institutions across provinces, we find lower wealth accumulation in provinces having better access to financial institutions.
Access to Finance --- Conflict and Development --- Finance and Development --- Finance and Financial Sector Development --- Financial Literacy --- Livestock --- Uncertainty
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This review of gender issues aims to uncover the main gender gaps in the country, and to identify potential policy recommendations that could help closing them in the coming years. The note is an input to the development of a Gender Action Plan for the Andean Countries under the Gender Analysis Work Program.The note lays out a descriptive overview of gender gaps in endowments, economic opportunities and agency - the explanation of the observed situation is outside the scope of this note.The note applies the analytical framework devised by the WDR 2012 on Gender Equality and Development. Chapter one covers the legal and institutional framework and the issue of the agency of women - e.g. political representation and violence against women, time use, and attitudes towards women; Chapter two provides an overview the situation with regards to the main endowments of health and education; and Chapter three deals with the existing gender gaps in economic opportunity labor force participation and unemployment, the quality of employment, earnings, entrepreneurship and access to finance.The review presented here is the result of the first stage in the assessment process.This note mainly reflects an initial descriptive exercise, and will be revised after the completion of stakeholder consultations in the countries; the results of such consultations will not only help identify additional literature and research on specific issues, but also help prioritize the key gender gaps to be addressed based on the way discussions on the issue are currently taking place in the country.
Access to Finance --- Agency --- Educational Attainment --- Employment --- Fertility --- Legal Framework --- Maternal Mortality --- Social Norms --- Violence Against Women --- Women's Empowerment
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This review of gender issues aims to uncover the main gender gaps in the country, and to identify potential policy recommendations that could help closing them in the coming years.The note is an input to the development of a Gender Action Plan for the Andean Countries under the Gender Analysis Work Program.the note lays out a descriptive overview of gender gaps in endowments, economic opportunities and agency the explanation of the observed situation is outside the scope of this note.The note applies the analytical framework devised by the WDR 2012 on Gender Equality and Development. Chapter one covers the legal and institutional framework and the issue of the agency of women e.g. political representation and violence against women, time use, and attitudes towards women; Chapter two provides an overview the situation with regards to the main endowments of health and education; and Chapter three deals with the existing gender gaps in economic opportunity - labor force participation and unemployment, the quality of employment, earnings, entrepreneurship and access to finance.This review is the result of the first stage in the assessment process. The note mainly reflects an initial descriptive exercise, and will be revised after the completion of stakeholder consultations in the countries; the results of such consultations will not only help identify additional literature and research on specificissues, but also help to prioritize the key gender gaps to be addressed based on the way discussions on the issue are currently taking place in the country.
Access to Finance --- Agency --- Educational Attainment --- Employment --- Fertility --- Legal Framework --- Maternal Mortality --- Social Norms --- Violence Against Women --- Women's Empowerment
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Micro and small enterprise (MSME) insolvency is particularly likely to impact not only the business, but also the personal and family life of the owner-operator(s) of such businesses, raising particular concerns that apply much less frequently in the context of corporate insolvency. This report refines and expands on the earlier deliberations of the Insolvency and Creditor or Debtor Regimes Task Force (ICR Task Force) regarding the optimal approaches for treating MSME insolvency. As a matter of terminology, it should be stressed that the term MSME in this report is intended to cover both individual natural persons and juridical business entities, unless specifically stated.This means that the size of an MSME differs from country to country and even industry to industry, making comparisons between jurisdictions and global standard-setting difficult. The scope of this report is designed to be nonprescriptive and dynamic across countries and contexts. Accordingly, this report aims to consider rescue and restructuring for all viable MSMEs, with the objective of preserving individual entrepreneurial initiative, including in the context of liquidation, and of preserving businesses that can continue to operate and add value in an economy. The final section of the report starts the process of examining the ICR Principles in light of the proposals made in this report.
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