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Developing countries

This category contains 7 posts

IMF World Economic Outlook 2011

The IMF has published the 2011 edition of its World Economic Outlook The recovery is gaining strength, but unemployment remains high in advanced economies, and new macroeconomic risks are building in emerging market economies. In advanced economies, the handoff from public to private demand is advancing, reducing concerns that diminishing fiscal policy support might cause [...]

Branchless banking in 2020

The CGAP Report on Scenarios for Branchless Banking in 2020: The growing use of branchless banking channels over the coming years is inevitable in most countries. But it’s far less certain whether large numbers of the unbanked poor will use these alternative channels for financial services beyond payments, such as savings and credit. CGAP and [...]

India’s updated payments systems strategy

The Reserve Bank of India has published Payments Systems in India – Vision 2009-12, a strategy which covers: Payments system initiatives; Payments system oversight; Risk mitigation; Action plan; New projects and major initiatives. The major projects planned to be pursued are: Implementing a new and feature rich RTGS system – The need to migrate to [...]

M-PESA in Tanzania: A second round success?

There’s been a lot of talk recently comparing M-PESA in Kenya with that in neighboring Tanzania. I shared some of my initial impressions a few months ago after visiting both countries. While on the surface the countries appear to be similar, there are some important differences in geography, culture and market structure that have impacted [...]

Converting cash into electronic money

Merchants in the Philippines are finding they have the capacity and the interest to offer financial services to consumers as a new line of business. However, in order for these new ventures to succeed, a network of providers will need to be selected, and issues such as cash management, investment levels, large loan disbursement capability, [...]

How do poor people use mobile financial services?

Despite growing agreement on the potential of technology to expand access to finance, or branchless banking, there is surprisingly little data publicly available about low-income users. A new CGAP Brief by Olga Morawczynski and Mark Pickens draws on some of the first ethnographic research on  M-PESA, one of the earliest success stories in mobile phone-based [...]

What low-income countries really need in their financial systems

 What matters most is setting up a financial sector infrastructure that can serve the competitive sectors of an economy. In many poorer countries, that means focusing on activities dominated by small-scale manufacturing, farming and services firms. The size and sophistication of financial institutions and markets in the developed world are not appropriate in low-income markets. [...]

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