Financial Sector Policy and the Poor : Selected Findings and Issues

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dc.creatorHonohan, Patrick
dc.date2013-08-07T20:09:58Z
dc.date2013-08-07T20:09:58Z
dc.date2004-09
dc.date.accessioned2026-07-01T01:28:57Z
dc.descriptionThis paper 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.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2004/09/5342606/financial-sector-policy-poor-selected-findings-issues
dc.identifier0-8213-5967-3
dc.identifierhttps://hdl.handle.net/10986/14874
dc.identifierhttps://doi.org/10.1596/0-8213-5967-3
dc.identifier.urihttp://hdl.handle.net/123456789/418478
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC: World Bank
dc.relationWorld Bank Working Paper;No. 43
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectFINANCIAL SECTOR
dc.subjectPOOR PEOPLE
dc.subjectMICROFINANCE
dc.subjectSUBSIDY
dc.subjectVULNERABLE PEOPLE
dc.subjectSUSTAINABILITY
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectCREDIT
dc.subjectSUBSIDY
dc.subjectPOLICY IMPLICATIONS
dc.subjectFUNDING
dc.subjectFUNDS
dc.subjectFINANCIAL SYSTEMS
dc.subjectDISCRIMINATION
dc.subjectPROFITABILITY
dc.subjectPOVERTY RATES
dc.subjectLENDING
dc.titleFinancial Sector Policy and the Poor : Selected Findings and Issues

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