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Until recently rigorous impact evaluations have been rare in the area of finance and private sector development. One reason for this is the perception that many policies and projects in this area lend themselves less to formal evaluations. However, a vanguard of new impact evaluations on areas as diverse as fostering microenterprise growth, microfinance, rainfall insurance, and regulatory reform demonstrates that in many circumstances serious evaluation is possible. The purpose of this paper is to synthesize and distil the policy and implementation lessons emerging from these studies, use them to demonstrate the feasibility of impact evaluations in a broader array of topics, and thereby help prompt new impact evaluations for projects going forward.

Access to credit --- Access to Finance --- Access to finance --- Bankruptcy and Resolution of Financial Distress --- Banks --- Banks and Banking Reform --- Capital investment --- Capital stock --- Credit constraints --- Credit market --- Credit market failures --- Debt Markets --- Emerging Markets --- Entrepreneurial ability --- Finance and Financial Sector Development --- Financial Literacy --- Financial support --- Greater access --- Households --- Interest rates --- International bank --- Key challenges --- Lack of capital --- Loan --- Microfinance --- Private Sector Development --- Self-employment --- Source of income