Publication:
Developing a Strong Credit Reporting System: A Toolkit for Practitioners

Loading...
Thumbnail Image
Files in English
English PDF (7.87 MB)
611 downloads
Published
2019-02-27
ISSN
Date
2019-03-11
Editor(s)
Abstract
Credit reporting projects require profound analysis and subjectivity, and the proposed solutions may vary if countries are at different stages of development. The Credit Reporting Toolkit, spread over five modules, provides step-by-step guidelines to conduct assessments of a country’s credit reporting infrastructure; to identify areas for improvement, or to support the creation of the credit reporting infrastructure where none exists; and to support the development of a proposal, establishing an action plan. This general assessment follows the four pillars of Bank Group interventions: legal, system, capacity building, and awareness and financial literacy.
Link to Data Set
Citation
World Bank Group. 2019. Developing a Strong Credit Reporting System: A Toolkit for Practitioners. © International Finance Corporation. http://hdl.handle.net/10986/31362 License: CC BY 3.0 IGO.
Associated URLs
Associated content
Report Series
Other publications in this report series
Journal
Journal Volume
Journal Issue

Related items

Showing items related by metadata.

  • Publication
    Credit Reporting Knowledge Guide
    (Washington, DC, 2012) International Finance Corporation
    This second edition of the Credit Reporting Knowledge Guide aims to support the dissemination of knowledge on best practices in credit reporting development, based on IFC s experience. The original Credit Bureau Knowledge Guide (2006) elaborated on the knowledge gained over several years of running the Global Credit Reporting Progra
  • Publication
    Developing a Credit Reporting Framework in Kenya
    (World Bank, Washington, DC, 2009-05) Mwiti, Makena
    In 2000, the level of nonperforming loans in Kenya topped Kshs 112 billion (US$1.4 billion). This posed a threat to the stability of the financial sector, and there was a consensus that a credit information sharing mechanism would help resolve the tendency of some debtors to take advantage of information asymmetry and resort to multiple borrowing, thus becoming serial defaulters. After several failed initiatives by various local stakeholders to set up credit bureaus, International Finance Corporation (IFC) was invited to provide assistance to the government authorities in setting up a legal and regulatory framework as well as to support private sector operators.
  • Publication
    Microfinance Institutions and Credit Unions in Albania : Regulatory, Supervisory and Market Development Issues
    (Washington, DC, 2008-06-17) World Bank
    The objective of this report is to present an assessment of the current legal, regulatory, and supervisory framework in Albania for microfinance, as well as an assessment of institutions rendering microfinance services (MFIs), including the Savings and Credit Associations (SCAs) and credit unions (CUs), to identify future development priorities. Economic conditions have improved in Albania in recent years, but a significant percentage of the population is still considered below the poverty level. The report lists future development priorities for the SCAs and MFIs, emphasizing poverty reduction through microfinancing. Several MFIs, and one CU, expressed some desire to borrow from the World Bank. The report finds this promising, as long as it does not crowd out commercial sources that serve to integrate MFIs, CUs, and SCAs into the larger financial sector. The growth of SCAs might be enhanced by further consolidation of smaller SCAs into larger SCAs. Mergers based on joint objectives and bounds can expand the geographical coverage and clientele base, facilitate the increase of cash flows and access to capital, and achieve economies of scale in view of reducing fixed costs. Albania also wishes to obtain a banking license and focus exclusively on the microfinance market. A tax exemption enables CUs and SCAs to build up capital through retained earnings. Eliminating their tax exemption would either reduce their capital, or require that CUs replace the taxed earnings with other means of capitalization to maintain the same capital reserves. The report recommends that the Bank of Albania (BoA) should continue to work with the CUs on consolidating and strengthening the SCAs.
  • Publication
    Bankable Assets : Africa Faces Many Obstacles in Developing Financial Systems
    (World Bank, Washington, DC, 2006-07) Christensen, Jakob; Gulde, Anne-Marie; Pattillo, Catherine
    Sound, deep, and efficient financial sectors are vital for high sustained, private sector-led growth. But financial sectors in their current form pose major problems for the economies of sub Saharan Africa (SSA). Insufficient access to credit by small and medium- sized enterprises constrains their ability to expand and limits countries' growth potential. Most households cannot build formal savings, so their ability to escape poverty by investing in education or housing is limited.
  • Publication
    The Legal and Regulatory Framework for Microfinance in Iraq
    (Washington, DC, 2014-10) World Bank Group
    Over the past few years, Microfinance Institutions (MFIs) in Iraq have emerged as credible sources of financing for low-income households and entrepreneurs, both underserved by conventional banks. Microfinance services in Iraq, however, are still nascent and far from meeting their full potential. Similar to many countries in the MENA region, MFIs in Iraq were set up as non-governmental organizations (NGOs) supported by a steady influx of donor funding. While these NGOs were initially able to grow through donor support, they are now struggling to meet increasing client demand as donor resources have dwindled, preventing them from making the necessary investments in capital and infrastructure to meet growing client demand. Many countries address this funding challenge by allowing institutions to provide financial services as companies or banks, helping them raise capital, provide new services, and increase their outreach in a sustainable manner. A similar path could be envisioned in Iraq, but is currently obstructed by regulatory hurdles. This diagnostic report aims to present and assess the current microfinance landscape in Iraq, including the legal and regulatory framework, recommend policy improvements to enhance the sustainability and operating environment for MFIs and their clients. This report argues that the current legal and regulatory environment for microfinance in Iraq hinders the growth and sustainability of the sector and furthermore advocates several short and medium term policy recommendations to enhance the overall operating environment for MFIs, the sustainability of the sector, and impact for clients.

Users also downloaded

Showing related downloaded files

  • Publication
    Europe and Central Asia Economic Update, Fall 2024: Better Education for Stronger Growth
    (Washington, DC: World Bank, 2024-10-17) Izvorski, Ivailo; Kasyanenko, Sergiy; Lokshin, Michael M.; Torre, Iván
    Economic growth in Europe and Central Asia (ECA) is likely to moderate from 3.5 percent in 2023 to 3.3 percent this year. This is significantly weaker than the 4.1 percent average growth in 2000-19. Growth this year is driven by expansionary fiscal policies and strong private consumption. External demand is less favorable because of weak economic expansion in major trading partners, like the European Union. Growth is likely to slow further in 2025, mostly because of the easing of expansion in the Russian Federation and Turkiye. This Europe and Central Asia Economic Update calls for a major overhaul of education systems across the region, particularly higher education, to unleash the talent needed to reinvigorate growth and boost convergence with high-income countries. Universities in the region suffer from poor management, outdated curricula, and inadequate funding and infrastructure. A mismatch between graduates' skills and the skills employers are seeking leads to wasted potential and contributes to the region's brain drain. Reversing the decline in the quality of education will require prioritizing improvements in teacher training, updated curricula, and investment in educational infrastructure. In higher education, reforms are needed to consolidate university systems, integrate them with research centers, and provide reskilling opportunities for adult workers.
  • Publication
    Business Ready 2024
    (Washington, DC: World Bank, 2024-10-03) World Bank
    Business Ready (B-READY) is a new World Bank Group corporate flagship report that evaluates the business and investment climate worldwide. It replaces and improves upon the Doing Business project. B-READY provides a comprehensive data set and description of the factors that strengthen the private sector, not only by advancing the interests of individual firms but also by elevating the interests of workers, consumers, potential new enterprises, and the natural environment. This 2024 report introduces a new analytical framework that benchmarks economies based on three pillars: Regulatory Framework, Public Services, and Operational Efficiency. The analysis centers on 10 topics essential for private sector development that correspond to various stages of the life cycle of a firm. The report also offers insights into three cross-cutting themes that are relevant for modern economies: digital adoption, environmental sustainability, and gender. B-READY draws on a robust data collection process that includes specially tailored expert questionnaires and firm-level surveys. The 2024 report, which covers 50 economies, serves as the first in a series that will expand in geographical coverage and refine its methodology over time, supporting reform advocacy, policy guidance, and further analysis and research.
  • Publication
    Classroom Assessment to Support Foundational Literacy
    (Washington, DC: World Bank, 2025-03-21) Luna-Bazaldua, Diego; Levin, Victoria; Liberman, Julia; Gala, Priyal Mukesh
    This document focuses primarily on how classroom assessment activities can measure students’ literacy skills as they progress along a learning trajectory towards reading fluently and with comprehension by the end of primary school grades. The document addresses considerations regarding the design and implementation of early grade reading classroom assessment, provides examples of assessment activities from a variety of countries and contexts, and discusses the importance of incorporating classroom assessment practices into teacher training and professional development opportunities for teachers. The structure of the document is as follows. The first section presents definitions and addresses basic questions on classroom assessment. Section 2 covers the intersection between assessment and early grade reading by discussing how learning assessment can measure early grade reading skills following the reading learning trajectory. Section 3 compares some of the most common early grade literacy assessment tools with respect to the early grade reading skills and developmental phases. Section 4 of the document addresses teacher training considerations in developing, scoring, and using early grade reading assessment. Additional issues in assessing reading skills in the classroom and using assessment results to improve teaching and learning are reviewed in section 5. Throughout the document, country cases are presented to demonstrate how assessment activities can be implemented in the classroom in different contexts.
  • Publication
    Global Economic Prospects, January 2025
    (Washington, DC: World Bank, 2025-01-16) World Bank
    Global growth is expected to hold steady at 2.7 percent in 2025-26. However, the global economy appears to be settling at a low growth rate that will be insufficient to foster sustained economic development—with the possibility of further headwinds from heightened policy uncertainty and adverse trade policy shifts, geopolitical tensions, persistent inflation, and climate-related natural disasters. Against this backdrop, emerging market and developing economies are set to enter the second quarter of the twenty-first century with per capita incomes on a trajectory that implies substantially slower catch-up toward advanced-economy living standards than they previously experienced. Without course corrections, most low-income countries are unlikely to graduate to middle-income status by the middle of the century. Policy action at both global and national levels is needed to foster a more favorable external environment, enhance macroeconomic stability, reduce structural constraints, address the effects of climate change, and thus accelerate long-term growth and development.
  • Publication
    Achieving Sustainable and Inclusive Artisanal and Small-Scale Mining (ASM)
    (Washington, DC: World Bank, 2024-09-16) World Bank
    Artisanal and small-scale mining (ASM) has played an increasingly active role in national development and international trade over the decades. As of 2024, those engaged directly and indirectly in the sector’s labor value chain make up more than 225 million people working across Latin and South America, Africa, and Asia. Studies estimate that women account for between 18 percent and 50 percent of the 45 million people who work directly in ASM. Artisanal and small-scale miners work in diverse mineral supply chains - ranging from well-known minerals and metals such as gold, cobalt, copper, and semiprecious and precious gemstones to lesser-known materials such as salt, gravel, and quarry rock. Growth in the share of artisanal or small-scale mined material has grown significantly. In short, ASM is vital to global prosperity and poverty reduction, but the sector must also lead in environmental stewardship. As heard from miners and other stakeholders, safety and well-being along with environmental stewardship, increased domestic revenues, and improved productivity will be important outcomes to judge success. These are the incentives that will help development efforts be taken up more readily and widely by ASM actors and governments themselves. World Bank support to country clients will need to be more adaptive in their funding timelines, with a view to scaling from the start to achieve outcomes in the most effective and lean way possible. Importantly, World Bank interventions should be more participatory and ASM actor-centered, given time and resources to build the trust and create incentives for behavior change.