World Bank Group World Bank Group
Home Site Map Index FAQs Contact Us
About Countries Data & Research Learning News Projects & Operations Publications Topics
Search  
Please Log In
  Shopping Cart.   RSS.

Financial Sector Policy and the Poor: Selected Findings and Issues

by: Patrick Honohan
Price: $15.00   *Geographic discounts available!

Available

Add to Cart:
World Bank Working Papers 43
English; Paperback; 86 pages; 7x10
Published October 1, 2004 by World Bank
ISBN: 978-0-8213-5967-9; SKU: 15967


Financial Sector Policy and the Poor presents new empirical evidence on how financial sector policy can help the poor. It is often thought that promotion of specialized microfinance institutions is the best or only way forward. However, a strong mainstream financial system is also pro-poor - perhaps even more so. While mainstream financial depth is measurably associated with lower poverty, for microfinance this is not yet so. The roles played by microfinance and mainstream finance in tackling poverty should be regarded as complementary and overlapping rather than as competing alternatives. The essential similarities between the two will become more evident as individual microfinance firms, or associations of firms, grow to the scale needed for sustainability.

Policy design that recognizes the need for larger and stronger microfinance institutions poses no threat to the health of mainstream finance. Such a policy would not impose low interest rate ceilings; nevertheless, the goal of protecting the vulnerable from credit market abuses and prejudice should not be neglected in an effective package of policies favorable to the growth of both micro and mainstream finance.

World Bank Working Papers are available individually or by subscription, both in print and online.


  • Shipping Weight: 0.38 lbs (0.17 kgs)



Home  |  Site Map  |  Index  |  FAQs  |  Contact Us  |  Search
© 2013 The World Bank Group, All Rights Reserved. Legal.