Financial Access 2013

World Bank Publications

Financial Access 2013

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poor, are many. Increasing financial inclusion requires a multitude of market actors working together to make the system work better for the poor.

Edited by Joanna Ledgerwood with Julie F. Earne and Candace Nelson For further details please visit:

The New Microfinance Handbook brings together

Jan 2013 546 pages 9780821389270 Paperback $49.95

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leading industry thinkers and organizes their ideas into a concise reference for alldevelopment finance stakeholders.

The book methodically outlines all the considerations for increasing financial inclusion, with a particular focus on understanding the needs of poor households.

The original Microfinance Handbook provided a very useful guide for practitioners and students of development finance. Since that book was published in 1998, there have been concentrated efforts to broaden outreach of financial services to poor households and microenterprises.

“... the best single source compendium on the ‘how to’ of financial services for the poor, and I recommend it highly.”

The New Microfinance Handbook takes a market

systems approach to financial inclusion, oriented by client needs. Framing the book with the client as the central element recognizes the emerging awareness that the financial service needs of poor people, like those not so

FINANCIAL ACCESS AND STABILITY A Road Map for the Middle East and North Africa

Sep 2011 364 pages 9780821388358 Paperback $40.00

The countries of the Middle East and North Africa (MENA) have been recovering from the global financial crisis, but the recent political turmoil has interrupted the pace of credit and output recovery in many countries. The political turmoil in the MENA region reveals deep-seated frustrations and a sense of political, social, and economic exclusion, especially among the youth.

This study reviews the region’s financial systems, the severity of the limitations on access to finance, and the main factors behind such limitations. It goes on to provide a road map for expanding access and preserving financial stability.

The relatively weak growth performance reflects a combination of insufficient reforms and weak reform implementation, including financial sector reforms. The structural weaknesses of financial sectors imply that access to finance may remain restricted even with a full recovery of credit activity. Therefore, the region’s countries face an ambitious reform agenda to revert two decades of relatively poor performance of output and employment growth. Financial development should be a central component of the region’s growth agenda.

The World Bank eAtlas of Financial Inclusion This eAtlas allows users to map and graph dozens of financial inclusion indicators across economies.

It allows users to see how an economy fares on several dimensions of financial inclusion on a map showing the latest data for more than 145 economies.

data.worldbank.org/atlas.fi

— Robert Peck Christen President, Boulder Institute of Microfinance, and Professor of Practice, Maxwell School of Citizenship and Public Affairs, Syracuse University

THE LITTLE DATA BOOK ON FINANCIAL INCLUSION 2012

Aug 2012 176 pages 9780821395097 Paperback $15.00

NEW

This is a pocket edition of the Global Financial Inclusion Index (“Global Findex”) database providing country-level indicators on the use of formal bank accounts, payments behaviour, savings patterns, credit patterns, and insurance decisions. It provides data on financial inclusion by key demographic characteristics - gender, age, education, income, and rural or urban residence. The book includes summary pages for 147 economies and regional and income group averages.

IMPACT EVALUATION OF SMALL AND MEDIUM ENTERPRISE PROGRAMS IN LATIN AMERICA AND THE CARIBBEAN Edited by Gladys Lopez-Acevedo and Hong W. Tan Apr 2011 144 pages 9780821387757 Paperback $20.00

This report evaluates SME programs in four Latin American countries to gain insights into which programs perform better than others, and why.

These countries - Mexico, Chile, Colombia and Peru - cover a wide range of enterprise support programs, including training, innovation and technology upgrading, quality control, market development, export promotion and network formation. Broadly comparable panel data on enterprises is used to investigate the net impacts of these SME interventions.

DOING BUSINESS 2013 Smarter Regulations for Small and Medium-Size Enterprises

NEW

Dec 2012 278 pages 9780821396155 Paperback $35.00

Tenth in a series of annual reports comparing business regulation in 185 economies,

Doing Business 2013

measures regulations affecting 11 areas of everyday business activity: »» »» »» »» »» »» »» »» »» »» »»

Starting a business Dealing with construction permits Getting electricity Registering property Getting credit Protecting investors Paying taxes Trading across borders Enforcing contracts Closing a business Employing workers

The report ranks economies on their overall “ease of doing business,” and analyses reforms to business regulation – identifying which economies are strengthening their business environment the most. This year marks the tenth anniversary of the report.

Doing Business illustrates how reforms in business regulations

are being used to analyse economic outcomes for domestic entrepreneurs and for the wider economy. More than 60 economies have used the Doing Business indicators to shape reform agendas and monitor improvements on the ground. In addition, the Doing Business data has generated over 870 articles in peer-reviewed academic journals since its inception. This year’s report includes two new economies: Barbados and Malta.

TRANSFORMING MICROFINANCE INSTITUTIONS Providing Full Financial Services to the Poor

By Joanna Ledgerwood and Victoria White

2006 566 pages 9780821366158 Paperback $50.00

MICROFINANCE HANDBOOK An Institutional and Financial Perspective

By Joanna Ledgerwood

1999 302 pages 9780821343067 Paperback $39.95

Microfinance is not simply banking; it is a development tool. It has been estimated that there are 500 million economically active poor people in the world operating microenterprises and small businesses. Most of them do not have access to adequate financial services. The purpose of this Handbook is to bring together in a single source guiding principles and tools that will promote sustainable microfinance and create viable institutions. The Handbook takes a global perspective, drawing on lessons learned from the experiences of microfinance practitioners, donors, and others throughout the world.

THE MICROFINANCE REVOLUTION, VOLUME ONE Sustainable Finance for the Poor

By Marguerite S. Robinson

2001 352 pages 9780821345245 Paperback $39.95

Around the world, a revolution is occurring in finance for lowincome people. The microfinance revolution is delivering financial services to the economically active poor on a large scale through competing, financially self-sufficient institutions. In a few countries this has already happened; in others it is under way. The emerging microfinance industry has profound implications for social and economic development. For the first time in history, capital is well on its way to being democratised.

THE MICROFINANCE REVOLUTION, VOLUME TWO Lessons from Indonesia

By Marguerite Robinson

2002 520 pages 9780821349533 Paperback $35.00

Examines many financial institutions, with a special emphasis on Bank Rakyat Indonesia’s micro-banking system, which in the mid-1980s was transformed from a failed subsidised credit program to a nationwide commercial financial intermediary that now profitably provides microfinance services--savings and credit--to more than 20 million people. Commercial micro-banking remained stable and profitable in Indonesia even as the country’s financial system collapsed during the recent crisis. This volume shows why, and offers crucial lessons for developing countries everywhere.

MICROFINANCE POVERTY ASSESSMENT TOOL

By Manfred Zeller, Carla Henry, Cecile Lapenu, and Manohar Sharma 2003 224 pages 9780821356746 Paperback $25.00

The Microfinance Poverty Assessment Tool was developed as a much-needed tool to increase transparency on the depth of outreach of microfinance institutions (MFIs). It is intended to assist donors and investors to integrate a poverty focus into their appraisals and funding of financial institutions through a more precise understanding of the clients served by these institutions. Used in conjunction with an institutional appraisal of financial sustainability, governance, management, staff and systems, a poverty assessment allows for a more holistic understanding of an MFI.

In response to a clear need by low-income people to gain access to the full range of financial services including savings, a growing number of microfinance NGOs are seeking guidelines to transform from credit-focused microfinance organisations to regulated deposit-taking financial intermediaries. In response to this trend, this book presents a practical “how-to” manual for MFIs to develop the capacity to become licensed and regulated to mobilise deposits from the public. Transforming Microfinance Institutions provides guidelines for regulators to license and regulate microfinance providers, and for transforming MFIs to meet the demands of two major new stakeholders — regulators and shareholders. As such, it focuses on developing the capacity of NGO MFIs to mobilise and intermediate voluntary savings.

MANAGING RISK AND CREATING VALUE WITH MICROFINANCE

By Mike Goldberg and Eric Palladini

2010 144 pages 9780821382288 Paperback $29.95

Brings together the latest information on microfinance institutional sustainability from leading international experts and microfinance practitioners in four Latin American countries. Each chapter focuses one topic: risk management; good governance; interest rates; micro-insurance; housing microfinance; micro-leasing; disaster preparedness; or new technologies.

FINANCE FOR ALL? Policies and Pitfalls in Expanding Access 2008 264 pages 9780821372913 Paperback $45.00

Access to financial services varies sharply around the world. In many developing countries less than half the population has an account with a financial institution, and in most of Africa less than one in five households do. Lack of access to finance is often the critical mechanism for generating persistent income inequality, as well as slower growth. Finance for All?: Policies and Pitfalls in Expanding Access documents the extent of financial exclusion around the world; addresses the importance of access to financial services for growth, equity and poverty reduction; and discusses policy interventions and institutional reforms that can improve access for underserved groups.

BANKING THE POOR Measuring Banking Access in 54 Economies 2009 150 pages 9780821377543 Paperback $29.95

How many people are using banking services in poor countries?

What financial services are used? And how could access to banking services be expanded to include more people? Banking the Poor explores these questions, through responses to questions in surveys undertaken in 54 countries, mostly in Africa.

EXPANDING ACCESS TO FINANCE Good Practices and Policies for Micro, Small, and Medium Enterprises

By Mohini Malhotra, Yann Chen, Alberto Criscuolo, Qimiao Fan, Iva Ilieva Hamel, and Yevgeniya Savchenko 2007 118 pages 9780821371770 Paperback $20.00

Provides a policy framework for governments to increase micro, small and medium enterprises’ access to financial services—one which is based on empirical evidence from around the world.

Financial sector policies in many developing countries often work against the ability of commercial financial institutions to serve this market segment, albeit, often unintentionally. The framework guides governments on how to best focus scarce resources on three things: »» Developing an inclusive financial sector policy; »» Building healthy financial institutions; »» Investing in information infrastructure such as credit bureaus and accounting standards

MAKING FINANCE WORK FOR AFRICA

By Patrick Honohan and Thorsten Beck

2007 260 pages 9780821369098 Paperback + CD-ROM $29.95

Presents a coherent policy approach that addresses African priorities and can work in African conditions. It challenges the applicability of some conventional views on a range of issues from securities markets and banking regulation to the organisation of microfinance institutions. The authors identify promising trends from across subSaharan Africa and pinpoint shortcomings.

INDUSTRIAL CLUSTERS AND MICRO AND SMALL ENTERPRISES IN AFRICA From Survival to Growth 2011 208 pages 9780821386279 Paperback $25.00

In Africa, there are stark performance gaps between domestically owned enterprises and foreign-owned enterprises in terms of sales performance, productivity, and ability to reach distant markets. Among others, size appears to be a dominant factor in explaining the gap. Against this background, the study analyses how naturally formed industrial clusters—concentrations of enterprises engaged in same or closely related industrial activities in specific locations—could potentially mitigate constraints Africa’s micro and small enterprises face and enhance their business performance. The study is one of the first comprehensive quantitative inquiries on industrial clusters in Africa.

BRINGING FINANCE TO PAKISTAN’S POOR Access to Finance for Small Enterprises and the Underserved

By Tatiana Nenova and Cecile Thioro Niang

2009 280 pages 9780821380307 Paperback + CD-ROM $29.95

Although access to financing in Pakistan is expanding quickly, it is two to four times lower than regional benchmarks. Half of Pakistani adults, mostly women, do not engage with the financial system at all, and only 14 percent have access to formal services. Credit for smalland medium-size enterprises is rationed by the financial system.

Bringing Finance to Pakistan’s Poor is based on a pioneering and comprehensive survey and dataset that measures the access to financial products by Pakistani households. The survey included 10,305 households in all areas of the country, excluding the tribal regions. The accompanying CD contains summary statistics.

MICROFINANCE IN RUSSIA Broadening Access to Finance for Micro and Small Entrepreneurs

By Sylvie K. Bossoutrot

ACCESS FOR ALL Building Inclusive Financial Systems

By Brigit Helms

2006 184 pages 9780821363607 Paperback $30.00

In the past ten years, the world of microfinance has changed dramatically. The field has moved rapidly from early innovations in providing loans to help poor entrepreneurs start businesses to a bold vision of creating entire financial systems that work for the poor. The challenge today is to engage more types of distribution systems, more technologies and more talent to create financial systems that work for the poor and boost their contribution to economic growth.

This title explains what this new vision of microfinance means in practical, non-technical terms.

2006 110 pages 9780821363867 Paperback $10.00

Microfinance institutions of four types have emerged to meet the unfulfilled financing needs of micro-entrepreneurs: commercial banks, specialised NGO-type microfinance institutions, membershipbased institutions (such as rural cooperatives and credits unions), and public funds. All four types have enjoyed significant growth in Russia in the past five years, but the industry is still at an early stage of development. Demand appears to far outweigh supply.

Microfinance in Russia provides an overview of microfinance in Russia to date, presenting industry trends and identifying key challenges to sustainable growth of the industry.

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