Finance Sector Development
In the Spotlight
Yields on bonds in emerging East Asian markets declined as inflationary pressures remained largely muted and persistently low global growth increased the attractiveness of East Asian bonds.
Giving the poor access to financial services is accepted wisdom. What isn’t appreciated is how this is undermined by a lingering lack of trust in banks among the people most in need of their services.
Over half the world’s unbanked adults live in Asia. How can they get more access to finance? Governments in emerging Asian economies need to take a practical and holistic approach.
Gearing Up for Competitiveness: The Role of Planning, Governance, and Finance in Small and Medium-sized Cities in South Asia
Local government must play a proactive role in supporting a city’s economic strength, by driving local economic development planning, understanding its role in the region, and aligning its development policies, plans, and investments.
The financial system is the lifeline of a country’s economy. It creates prosperity that can be shared throughout society and benefit the poorest and most vulnerable people. Financial sector and capital market development, including microfinance, small and medium-sized enterprises, and regulatory reforms, is vital to decreasing poverty in Asia and the Pacific. Since the Asian financial crisis in 1997-1998, the region’s financial sector has strengthened significantly. However, it still lags substantially behind that of developed economies and room to grow.