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| Title | The Missing Links: Financial Systems that Work for the Majority |
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| Author | Foro Global de PolÃticas del Women's World Banking |
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| Content Language | English (en) |
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| Document Type | Report |
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| Date Of Publication | 1995 |
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| Description | The purpose of the WWB Global Policy Forum was to pull together financial leaders with the power to transform local and global financial systems in ways that will open access to millions of low income entrepreneurs. This report presents the conclusion from this forum that governments, financial intermediaries and donors need to adopt new paradigms and take on new roles in building financial systems that work for the majority. The goal should be to provide access, not subsidies, to low income entrepreneurs. A wide range of retail-level financial intermediaries needs to be encouraged—not forced—to provide these financial services. Intermediaries receiving financial incentives and support should meet high incremental and absolute standards on financial performance, client reach and business practices. Those institutions that meet the standards should have access to capitalization, loan funds, and effective capacity building support—not traditional project funding—to help organizations at different stages move to sustainable scales of operation. Such support should be structured as a catalyst and complement to savings and other domestic resource mobilization measures by retail institutions. Legal frameworks, second-tier institutions and financing arrangements that balance promotion and prudence will be needed to encourage the development of sound, responsive retail institutions that serve the majority. Section III of the report contains detailed action reccomendations on what governments, retail and second-tier intermediaries, and external funders each need to do if financial services are going to work for millions of low income entrepreneurs that merit access to financial services. |
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| Publisher | Women's World Banking |
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| Order by E-Mail | wwb@swwb.org |
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| Series ID | 199504 |
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| Keywords | FINANCIAL SYSTEMS, FINANCIAL INTERMEDIARIES, POLICY-MAKING, SISTEMAS FINANCIEROS, INTERMEDIARIOS FINANCIEROS, DISE, ÑO DE POLITICAS |
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document (EN)
