Publication:
El Salvador Financial Sector Assessment Program Update: Financial Inclusion

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dc.contributor.authorWorld Bank
dc.contributor.authorInternational Monetary Fund
dc.date.accessioned2017-08-14T19:50:49Z
dc.date.available2017-08-14T19:50:49Z
dc.date.issued2010-11
dc.description.abstractFinancial service provision has expanded since the 2004 financial sector assessment program (FSAP) update, but access to financial services can expand greatly through mobile banking. An estimated 47 percent of adults in El Salvador have deposit accounts at a regulated financial institution, similar to the Latin American average. Although a range of range of bank and non-bank institutions serve the micro and Small and Medium Enterprises (SME) finance market, significant financial services provision is occurring outside of the regulatory perimeter. Improvements in credit information systems, simplification of credit documentation processes, and a strengthened legal framework for factoring can help facilitate SMEs access to credit. Issues of financial transparency and consumer protection are of increasing importance to the Salvadoran authorities, although resources for enforcement are limited. Both public and private entities are engaging in educational activities to promote financial literacy have the potential to play an important role in curbing over indebtedness. However, the consumer defense agency (Defensoria al Consumidor) lacks sufficient resources for enforcement of consumer protection laws. This paper is divided into following six parts: first part gives overview of financial access and usage patterns; the second part gives information on funding and savings products commercialized; the third part gives market participants; fourth part is legal and regulatory impediments to credit; fifth part deals with supervisory and regulatory perimeter issues; and sixth part is transparency, consumer protection, and financial literacy.en
dc.identifierhttp://documents.worldbank.org/curated/en/419051468233694849/El-Salvador-Financial-inclusion-technical-note
dc.identifier.doi10.1596/27768
dc.identifier.urihttps://hdl.handle.net/10986/27768
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCESS POINTS
dc.subjectACCESS TO CREDIT
dc.subjectACCESS TO FINANCE
dc.subjectACCESS TO FINANCIAL SERVICES
dc.subjectACCESS TO FINANCING
dc.subjectACCOUNTING
dc.subjectANTI-MONEY LAUNDERING
dc.subjectAPPROVAL PROCESS
dc.subjectARBITRAGE
dc.subjectARBITRATION
dc.subjectATM
dc.subjectATMS
dc.subjectAUDITING
dc.subjectAUTOMATIC TELLER
dc.subjectBANK CREDIT
dc.subjectBANK FINANCE COMPANIES
dc.subjectBANK FINANCING
dc.subjectBANKING SYSTEM
dc.subjectBIASES
dc.subjectBORROWER
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL ADEQUACY RATIOS
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL REQUIREMENT
dc.subjectCENTRAL BANK
dc.subjectCOLLATERAL
dc.subjectCOLLATERAL REQUIREMENTS
dc.subjectCOLLATERALIZATION
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMERCIAL CREDIT
dc.subjectCOMMERCIAL TRANSACTION
dc.subjectCONSULTATION PROCESS
dc.subjectCONSUMER CREDIT
dc.subjectCONSUMER CREDITS
dc.subjectCONSUMER LENDING
dc.subjectCONSUMER LOAN
dc.subjectCONSUMER LOANS
dc.subjectCONSUMER MARKET
dc.subjectCONSUMER PROTECTION
dc.subjectCONSUMER PROTECTION LAW
dc.subjectCONSUMER PROTECTION LAWS
dc.subjectCONSUMERS
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCOOPERATIVE BANKS
dc.subjectCOOPERATIVES
dc.subjectCREDIT BUREAU
dc.subjectCREDIT BUREAUS
dc.subjectCREDIT CARD
dc.subjectCREDIT CARD USE
dc.subjectCREDIT CARDS
dc.subjectCREDIT CONSTRAINTS
dc.subjectCREDIT COOPERATIVES
dc.subjectCREDIT DECISIONS
dc.subjectCREDIT GROWTH
dc.subjectCREDIT HISTORIES
dc.subjectCREDIT INFORMATION
dc.subjectCREDIT INFORMATION SYSTEMS
dc.subjectCREDIT NEEDS
dc.subjectCREDIT PRODUCTS
dc.subjectCREDIT PROVISION
dc.subjectCREDIT REGISTRY
dc.subjectCREDIT RISK
dc.subjectCREDIT WORTHINESS
dc.subjectCREDITS
dc.subjectDEBT
dc.subjectDEBT REPAYMENT
dc.subjectDEBTS
dc.subjectDELINQUENCY
dc.subjectDEPOSIT
dc.subjectDEPOSIT ACCOUNT
dc.subjectDEPOSIT ACCOUNTS
dc.subjectDEPOSIT INSURANCE
dc.subjectDEPOSIT SERVICES
dc.subjectDEPOSITORS
dc.subjectDEPOSITS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT BANK
dc.subjectDEVELOPMENT BANKS
dc.subjectDISPUTE RESOLUTION
dc.subjectDOCUMENTATION REQUIREMENTS
dc.subjectECONOMIC ANALYSIS
dc.subjectEDUCATIONAL ACTIVITIES
dc.subjectEMPLOYEE
dc.subjectENTERPRISE CREDIT
dc.subjectENTERPRISE CREDITS
dc.subjectEQUIPMENT
dc.subjectEQUITY CONTRIBUTIONS
dc.subjectEXCHANGE RATES
dc.subjectFACTORING
dc.subjectFAMILY MEMBERS
dc.subjectFAVORABLE TERMS
dc.subjectFINANCE COMPANIES
dc.subjectFINANCIAL ACCESS
dc.subjectFINANCIAL AUTHORITIES
dc.subjectFINANCIAL CONGLOMERATES
dc.subjectFINANCIAL COSTS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL EDUCATION
dc.subjectFINANCIAL INFRASTRUCTURE
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL LITERACY
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTOR ASSESSMENT
dc.subjectFINANCIAL SERVICE
dc.subjectFINANCIAL SERVICES PROVIDERS
dc.subjectFINANCIAL STATEMENTS
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL TRANSACTIONS
dc.subjectFINANCING COST
dc.subjectFINANCING COSTS
dc.subjectGENERAL PUBLIC
dc.subjectGOVERNMENT LENDING
dc.subjectGOVERNMENT SUPPORT
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROUP LOANS
dc.subjectHOUSEHOLDS
dc.subjectHOUSING
dc.subjectHOUSING FINANCE
dc.subjectINCOME TAX
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINSTRUMENT
dc.subjectINTEREST INCOME
dc.subjectINTEREST MARGIN
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNAL FINANCING
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL BANKS
dc.subjectINVENTORY
dc.subjectJURISDICTION
dc.subjectLARGE FIRMS
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL SYSTEM
dc.subjectLEGISLATION
dc.subjectLENDER
dc.subjectLENDER OF LAST RESORT
dc.subjectLENDERS
dc.subjectLENDING INSTITUTIONS
dc.subjectLOAN
dc.subjectLOAN ACCOUNTS
dc.subjectLOAN AMOUNT
dc.subjectLOAN BALANCE
dc.subjectLOAN CATEGORIES
dc.subjectLOAN COOPERATIVES
dc.subjectLOAN MARKET
dc.subjectLOAN PORTFOLIO
dc.subjectLOAN SIZE
dc.subjectLOAN SIZES
dc.subjectLOANS TO INDIVIDUALS
dc.subjectLOW-INCOME
dc.subjectLOW-INCOME BORROWERS
dc.subjectLOW-INCOME CONSUMER
dc.subjectMARKET DATA
dc.subjectMARKET PARTICIPANTS
dc.subjectMATURITY
dc.subjectMEDIUM ENTERPRISES
dc.subjectMICROENTERPRISES
dc.subjectMICROFINANCE
dc.subjectMICROFINANCE INSTITUTION
dc.subjectMICROFINANCE INSTITUTIONS
dc.subjectMICROFINANCE LOANS
dc.subjectMICROFINANCE SECTOR
dc.subjectMONETARY FUND
dc.subjectMORTGAGE
dc.subjectMORTGAGE CREDIT
dc.subjectMORTGAGE FINANCE
dc.subjectMORTGAGE LOANS
dc.subjectMOVABLE ASSETS
dc.subjectMUNICIPALITIES
dc.subjectNATIONAL CREDIT
dc.subjectNET INTEREST MARGIN
dc.subjectNON-PERFORMING LOAN
dc.subjectNON-PERFORMING LOANS
dc.subjectNONBANK INSTITUTIONS
dc.subjectNPL
dc.subjectOUTREACH
dc.subjectOVERHEAD COSTS
dc.subjectPAYMENTS SYSTEMS
dc.subjectPENALTIES
dc.subjectPOINT OF SALE
dc.subjectPOINT-OF-SALE
dc.subjectPORTFOLIOS
dc.subjectPROFIT MARGIN
dc.subjectPRUDENTIAL REGULATION
dc.subjectPUBLIC BANKS
dc.subjectPURCHASING POWER
dc.subjectPURCHASING POWER PARITY
dc.subjectRANGE OF CREDIT PRODUCTS
dc.subjectREMITTANCE
dc.subjectREMITTANCE SERVICE
dc.subjectRETURN
dc.subjectSALARY
dc.subjectSALES
dc.subjectSAVINGS
dc.subjectSAVINGS DEPOSIT
dc.subjectSAVINGS PRODUCTS
dc.subjectSHARE OF CREDIT
dc.subjectSMALL BUSINESSES
dc.subjectSMALL ENTERPRISES
dc.subjectSMALL LOANS
dc.subjectSMALLER ENTERPRISE
dc.subjectSMALLER ENTERPRISES
dc.subjectSMALLER FIRMS
dc.subjectSTATE BANKS
dc.subjectSUPERVISORY AUTHORITY
dc.subjectSUPERVISORY POWERS
dc.subjectTAX ADVANTAGES
dc.subjectTAX CODE
dc.subjectTAX COMPLIANCE
dc.subjectTAX LAWS
dc.subjectTAX PROVISIONS
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTERM DEPOSITS
dc.subjectTRANSPARENCY
dc.subjectUNION
dc.subjectUNREGULATED FINANCIAL INSTITUTIONS
dc.subjectUNSECURED LOANS
dc.subjectUSE OF COLLATERAL
dc.subjectVALUABLE
dc.subjectVALUE OF COLLATERAL
dc.subjectWORKING CAPITAL
dc.titleEl Salvador Financial Sector Assessment Program Updateen
dc.title.subtitleFinancial Inclusionen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleEl Salvador Financial Sector Assessment Program Update
okr.date.disclosure2013-07-08
okr.date.doiregistration2025-05-07T09:23:47.256031Z
okr.doctypeEconomic & Sector Work::Financial Sector Assessment Program
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/419051468233694849/El-Salvador-Financial-inclusion-technical-note
okr.guid419051468233694849
okr.identifier.externaldocumentum000442464_20130708095349
okr.identifier.internaldocumentum17972600
okr.identifier.report79194
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/419051468233694849/pdf/791940WP0ElSal0Box0377369B00Public0.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.countryEl Salvador
okr.sectorFinance
okr.themeRule of law :: Legal institutions for a market economy
okr.themeFinancial and private sector development :: Regulation and competition policy
okr.themeFinancial and private sector development :: Standards and financial reporting
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Financial Literacy
okr.topicFinance and Financial Sector Development::Financial Regulation & Supervision
okr.unitFinancial Sector Assessment Prog (FFSFP)
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