Financial Sector Overview: Development news, research, data
WEBThe Bank Group, jointly with the IMF, conducted 117 Financial Sector Assessment Program reviews between fiscal year 2008 and March 2015, helping client counties identify vulnerabilities in their financial systems and develop appropriate policy responses. In fiscal 2015, ten Financial Sector Assessment Program reviews were conducted.
Financial Sector: Development news, research, data | World Bank
WEBFinancial Sector At-A-Glance. Sound financial systems underpin economic growth and development, and are crucial to the World Bank Group’s mission of alleviating poverty and boosting shared prosperity. Also, tapping into capital markets is needed to attract additional sources to help finance global development goals, which are projected to ...
Financial Development - World Bank Group
WEBFinancial development. Financial sector is the set of institutions, instruments, markets, as well as the legal and regulatory framework that permit transactions to be made by extending credit. Fundamentally, financial sector development is about overcoming “costs” incurred in the financial system. This process of reducing the costs of ...
Fintech and the Future of Finance - World Bank Group
WEBJul 13, 2023 — Fintech is transforming the financial sector landscape rapidly and is blurring the boundaries of both financial firms and the financial sector. This presents a paradigm shift that has various policy implications, including: Foster beneficial innovation and competition, while managing the risks. Broaden monitoring horizons and re-assess ...
Financial Inclusion Overview - World Bank Group
WEBSep 13, 2022 — Half of the adults around the world – around 2.5 billion people – don’t use formal financial services, and 75% of poor people are unbanked because of costs, travel distances and burdensome requirements involved in opening a financial account. While the poor don’t have the same access to financial products, their need for financial services may be even greater. Financial inclusion is a ...
Cybersecurity, Cyber Risk and Financial Sector Regulation and …
WEBThe threat and impact of cyberattacks on the financial sector is increasing, and financial sector authorities are increasingly looking to address cyber risk and cybersecurity. Customers of financial services suffered 65% more cyberattacks in 2016 than customers of any other industry, which represented a 29% increase from the previous year ...
A strong financial sector for a stronger India - World Bank Group
WEBOct 26, 2019 — Non-banking financial companies, sometimes called shadow banks, have emerged as an important new source of credit for businesses and consumers. Yet their growth has also created linkages with the traditional banking sector that present new risks. The financial sector is wrestling with these issues at …
Finance & Prosperity 2024 - World Bank Group
WEBFinance and Prosperity 2024. This inaugural edition analyzes new data and highlights a growing divergence in financial sector resilience and stability among emerging market and developing economies (EMDEs) and critical trends in climate finance. While financial sector risks in the larger and higher per capita countries are moderate, half of ...
FINANCIAL SECTOR ADVISORY CENTER (FinSAC) - World Bank …
WEBFinSAC offers financial stability expertise and global knowledge to assist client countries develop and enhance effective financial systems. Financial stability helps generate jobs and improve productivity. It gives people the confidence to invest and save money. Robust banking systems and capital markets efficiently flow funds toward their ...
COVID-19: Development news, research, data | World Bank
WEBMay 17, 2021 — This compendium captures the global financial sector policy response to the covid-19 crisis in over 150 countries - with a focus on emerging market and developing economies -. It covers publicly announced measures related to the banking sector, capital markets and non-bank financial institutions, monetary and liquidity conditions, payment ...