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Identifiers

doi
10.1596/1813-9450-4326
handle
10986/7303

Innovative Experiences in Access to Finance : Market Friendly Roles for the Visible Hand?

Flag for IGO World Bank on June 6th 2012
de la Torre, Augusto, Gozzi, Juan Carlos and Schmukler, Sergio L.
Interest in access to finance has increased significantly in recent years, as growing evidence suggests that lack of access to credit prevents lower-income households and small firms from financing high return investment projects, having an adverse effect on growth and poverty alleviation. This study describes some recent innovative experiences to broaden access to credit. These experiences are consistent with an emerging new view that recognizes a limited role for the public sector in financial markets, but contends that there might be room for well-designed, restricted interventions in collaboration with the private sector to foster financial development and broaden access. The authors illustrate this view with several recent experiences in Latin America and then discuss some open policy questions about the role of the public and private sectors in driving these financial innovations.

Topics in this document

Related SDGs

SDG 8: Decent Work and Economic Growth ...
SDG 8: Decent Work and Economic Growth

Target 8.10

Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all

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Citations

Cited by 13 other policy documents (6 of them are from other policy sources)