Results - 50 of at least 222 items found
Dec 6, 2018
MSME Finance Gap Report. Assessment of the shortfalls and opportunities in financing micro, small and medium enterprises in emerging markets.
Nov 19, 2018
The changes involved when a financial institution ‘goes digital’ touches all levels of the business and may even challenge the established business model or institutional identity. The successful implementation of a digital channel thus requires a sound change management plan. In fact, many digital projects that failed or struggled have done so because they did not address the change factors related to digitizing different areas of the organization. This Field Note focuses on the ‘soft’ or interpersonal aspects of digital transformation in the financial sector.
English | 20pages | 2018 IFC
Nov 5, 2018
Blending funds from private investors with concessional funds from donors and philanthropic sources has a strong potential to scale up investment in lower-income countries and thereby accelerate development. The use of blended concessional finance is already prevalent in lower-income countries representing over 70 percent of IFC’s commitments. Recent strategies from development finance institutions including the World Bank Group indicate that the relative share of lower-income countries in the global mix of blended concessional finance will increase further. Scaling up engagements in lower-income countries requires solutions tailored to local contexts, as well as the deployment of the whole spectrum of development finance tools, including advisory work, regulatory dialogue and reform, and a mix of blending instruments encompassing both pricing and risk mitigation features.
English | 6 pages | 2018 IFC
Oct 30, 2018
Global efforts to counter terrorism financing and money laundering have led banks to terminate relationships with some communities, businesses, and individuals around the world. When a financial institution or intermediary cannot easily judge the identity and associated risks of a customer, it is often more efficient to avoid transacting with that customer altogether. This may disproportionately affect small banks, small firms, and low-income individuals in emerging and developing economies. This Compass Note explores an innovative solution that could help improve customer due diligence through a Know-Your-Customer (KYC) utility.
English | 4 pages | 2018 IFC
Oct 26, 2018
Competition from commercial banks is prompting microfinance institutions in urban areas of Peru and other Latin American nations to provide more service to lower-income groups. Where higher-income clients are already served by commercial banks, microfinance institutions compete by attending to a new demographic, while continuing to serve higher-income clients where commercial banking services are scarce.
English | 4 pages | 2018 IFC
Oct 15, 2018
In December 2015, at the Conference of the Parties 21 (“COP 21”) in Paris, France, 196 countries came together to forge a climate change agreement that pledged to keep global warming to 2 degrees Celsius or less. To bring the world to this 2-degree track, the International Energy Agency estimates that the cumulative investments needed in energy supply and efficiency reach $53 trillion. This paper analyzes the role of the banking sector and debt capital markets to provide the financing, given the results of IFC’s analysis—that there $23 trillion in climate-smart investment opportunities exist in emerging markets from 2016–2030.
English | 36 pages | 2018 IFC
Oct 9, 2018
A Guide for Respondent Banks
Aug 3, 2018
IFC and Mastercard have launched a research report providing insight into the case for Digital Financial Services (DFS) and financial projections from nine microfinance institutions in Sub-Saharan Africa. The four-year study includes a set of best practice financial modeling benchmarks that can be used as a valuable guide for financial institutions implementing DFS.
English | 17pages | 2018 IFC
May 16, 2018
Like most emerging markets, Peru suffers from low banking penetration and faces challenges to providing financial services. Beginning in 2015, a strategy called Modelo Peru emerged as a collaboration between financial institutions, telecom companies, and the government, with the goal of launching a mobile money platform to better serve the nation’s unbanked and underbanked. The platform’s main innovative feature is interoperability among these three groups to achieve scale and breed competition among e-money issuers.
English | 9 pages | 2018 IFC
May 9, 2018
IFC PERSPECTIVES draws on IFC’s unrivalled geographic reach and insight to explore the most innovative ideas in private sector development.
May 9, 2018
An Engagement Platform for SME Entrepreneurs. Case Study on Digital Non-Financial Services.
May 1, 2018
Financial inclusion is one of Africa’s great success stories of the past decade. Just over 43 percent of adults on the continent now have access to formal financial services, compared to 23 percent in 2011. This is primarily due to the introduction of digital financial services and their contribution to the creation of a market for affordable, accessible and sustainable financial services for those who were previously excluded from access to traditional banking services. Over the past six years, IFC and the Mastercard Foundation have worked with 14 financial services providers across the continent to leverage new technology to build and test innovative business models for financial inclusion. We have gained valuable knowledge and experience in the process. This report captures the ongoing transformation of the financial sector in Africa, shares our most important lessons learned, and casts an eye at the future of financial inclusion in the region.
Apr 20, 2018
Financing infrastructure in emerging markets is a critical global challenge for sustainable development. Through a new IFC program, private institutional investors can directly participate in the evolving infrastructure asset class in emerging markets. The program, IFC’s Managed Co-Lending Portfolio Program (MCPP) for Infrastructure, creates a structure that overcomes several hurdles that have inhibited the flow of private capital to emerging market infrastructure projects. Read more.
English | 4 pages | 2018 IFC
Apr 19, 2018
Development institutions, governments, and the investment community have been exploring ways to increase private capital flows to support critical development projects in emerging markets. A new financing mechanism applies the risk-bearing capacity and know-how of insurance companies to allow these companies to take what are, in many cases, their first insurance exposure to markets and counterparties. This innovative credit insurance solution, which we call “Credit Mobilization,” is being pioneered to provide long-term funding to developing country banks, and may offer significant potential for scale-up and replication.
English | 5 pages | 2018 IFC
Apr 2, 2018
Women, Business and the Law 2018
Mar 1, 2018
The report explores how women and men participate in ride-hailing, particularly in emerging markets. Using data from Uber and survey results of more than 11,000 drivers and riders, the report sheds light on how the emergence of ride-hailing is affecting women's work and mobility and how companies across the sharing economy can ensure women's equal participation and gain.
Feb 5, 2018
Mobile money platforms are networked systems, and understanding key mobile money users is essential for mobile money providers, policy makers, and promoters of financial inclusion who seek to impact their future development. Are there especially active mobile money users with an outsize effect on the system? If so, who are these key mobile money users, what drives them to use the service extensively, and what is the nature of their influence? This report identifies this key user group and explores how the small group of very active users exerts substantial influence over system as a whole.
English | 34 pages | 2018 IFC
Feb 1, 2018
The IFC has developed a comprehensive mobile banking program which aims to catalyze transformational impact across the Pacific region by scaling up support to three leading regional banks including BSP and ANZ. Since, IFC has been working with ANZ and BSP to increase access to final services and strengthen financial literacy areas among existing and potential clients, beyond main urban centers in the Solomon Islands. This case study examines the program and its impact.
Jan 26, 2018
Correspondent banking relationships connect banks and people across borders and are critical to finance and trade. They are a vital link between emerging markets and the broader global economy. Yet efforts to combat money laundering and the financing of terrorism have increased compliance requirements for banks. Difficulties adhering to these requirements and increased costs associated with them threaten the ability of banks to serve their customers, while also eroding the number and quality of correspondent banking relationships. A recent IFC survey shows that many banks are feeling the pressure of increased regulation and de-risking, and emerging market banks are bearing the brunt of it.
English | 7 pages | 2018 IFC
Jan 1, 2018
This study explores what role digital financial services may play in extending financial services to rural populations in Sub-Saharan Africa, specifically looking at small-holder farmers in the large cocoa sector in Cote d’Ivoire. It offers unique insights into the financial behaviors of small-scale farmers and highlights possible opportunities for digital financial services providers to extend financial inclusion.
English | 30pages | 2018 IFC
Dec 20, 2017
The mission of the World Bank and IFC is to end extreme poverty and promote shared prosperity. The journey out of poverty is never easy, but when personal or natural disasters strike it can be a major setback. That’s why we believe that access to financial services, including insurance, has an essential role to play in achieving this goal of ending poverty.
Dec 20, 2017
In the developing world, far too many people lack access to basic financial services, including insurance. This makes it even harder to escape from poverty, as unanticipated events can have a major impact. This is something IFC is working to change through its partners around the world, as this article lays out.
Dec 19, 2017
This report is based on ethnographic research conducted by a team at the African Studies Center Leiden, University of Leiden, and focused on four countries of varying degrees of DFS market maturity: Cameroon, Democratic Republic of Congo, Senegal and Zambia. It provides an in-depth description of what digital financial inclusion means in relation to social and cultural factors, and provides an ethnographic framework to market research that can aid financial services providers gain a better understanding of the African DFS user and capture a sense of the deeper fabric of the emerging market.
English | 36pages |2017 IFC
Dec 15, 2017
For most microfinance institutions, digital financial services is a completely new type of business. While potentially offering benefits and opportunities to provider and customers alike, DFS are far from the MFIs core areas of expertise and comfort zone. Few MFIs have clear enough visibility of the options and implications of digital strategies to readily determine which is best suited to their particular circumstances. The encouraging news, shared in this Field Note, is that new research indicates that a number of MFIs in Sub-Saharan Africa are starting to get to grips with the challenges of deploying DFS, and are on the path to success.
English | 14pages | 2017 IFC
Dec 5, 2017
The Data Analytics and Digital Financial Services Handbook gives financial service providers an overview of the potential that data and data analytics present for financial inclusion in terms of improving efficiency of operations and effectiveness of product development and marketing, as well as increase outreach through innovative data-driven lending methods. It is the third handbook on digital financial services published by IFC and The MasterCard Foundation as part of The Partnership for Financial Inclusion.