Publication:
Bosnia and Herzegovina: Financial Inclusion Technical Note

Loading...
Thumbnail Image
Files in English
English PDF (1.42 MB)
565 downloads
English Text (103.03 KB)
32 downloads
Published
2015-06
ISSN
Date
2015-07-31
Editor(s)
Abstract
This Technical Note was prepared in the context of a joint World Bank-IMF Financial Sector Assessment Program mission in Bosnia and Herzegovina during October-November 2014. Financial inclusion in Bosnia and Herzegovina performs relatively well compared to peers, but gaps remain for selected market segments. Financial sector development and access to finance for firms is constrained by weak domestic demand, high collateral requirements and inadequate credit enforcement mechanisms.
Link to Data Set
Citation
World Bank; International Monetary Fund. 2015. Bosnia and Herzegovina: Financial Inclusion Technical Note. Financial Sector Assessment Program (FSAP);. © World Bank. http://hdl.handle.net/10986/22369 License: CC BY 3.0 IGO.
Digital Object Identifier
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
    Small and Medium Enterprise Finance
    (International Finance Corporation, Washington, DC, 2013-08) Global Partnership for Financial Inclusion; International Finance Corporation
    This update considers new findings since the initial Stocktaking report, substantiating the contribution of the private sector, and of small and medium enterprises (SMEs) in particular, for new jobs and investment. These findings further illustrate the key role access to finance plays in SMEs abilities and willingness to add jobs including the special circumstances of fast-growing SMEs, or gazelles. The new findings further detail availability and gaps in SME financing, including for specific subsectors such as women-owned firms and agri-enterprises. New trends include progress made in recent years to improve financial markets infrastructure, and expanded lending in countries such as China, which have made progress in this area. The findings also include key private sector innovations pioneered by the SME Finance Challenge winners and other private sector institutions, focusing on key sector opportunities (such as agribusiness and energy), product innovation (such as expanded local currency options), and risk management alternatives. The new findings and trends highlight the potential of collaborative platforms that have emerged from the G-20/GPFI (Global Partnership for Financial Inclusion) process to combine resources to improve SME access to finance, and some of the major outstanding issues and obstacles these platforms might address. The conclusion provides recommendations for priority issues and work areas for G-20/GPFI attention.
  • Publication
    Albania : Access to Finance for Enterprise Sector
    (World Bank, Washington, DC, 2007-06-29) World Bank
    This report was prepared in close collaboration with the Bank of Albania. This report focused on trade, services, and agriculture; however, the limited scope of their operations still leaves a potentially large unmet demand for credit in agriculture. This report focuses on problems related to the operation of Immovable Property Registry System (IPRS) and other institutions and the formalization of property rights and inscription of mortgages. This study believes the reform with most optimum impact on sustainable credit growth will be focused on (i) improving the quality, breadth, and depth of financial intermediation, (ii) growth and development of credit unions and microfinance institutions, and (iii) facilitate the development of new instruments. The authorities will also focus on implementing reforms to become compliant with Financial Action Task Force (FATF) recommendation.
  • Publication
    Rural Banking
    (World Bank, Washington, DC, 2010-05) Nair, Ajai; Fissha, Azeb
    This case study describes the history and business model of the Rural and Community Bank (RCB) network in Ghana, analyzes its performance, identifies key issues, and makes recommendations on the way forward. The study analyzes the service delivery and financial performance of the RCBs. Before the establishment of RCBs in the late 1970s and the subsequent expansion of other service providers into rural areas, access to institutional credit for farm and nonfarm activities was scarce. The main sources of credit were moneylenders and traders that charged very high interest rates. In many rural communities, secure, safe, and convenient savings and payment facilities hardly existed. The first RCB was established in a farming community in the central region of Ghana in 1976. Rural communities showed tremendous interested in the community ownership and management features of RCBs, and by 1984 the number of RCBs reached 106. The introduction of a check payment system for cocoa farmers also spurred the establishment of local banks in many communities. The financial performance of many RCBs started to decline, however, for several reasons, including a drought that affected the country in 1983, weak governing ability, conflicts within boards of directors, and ineffective management in many RCBs. By the end of 2008, 127 RCBs were in operation with a total 584 service outlets. RCBs are regulated by Ghana's central bank, the Bank of Ghana, and thereby form part of the country's regulated financial sector. RCBs are the largest providers of formal financial services in rural areas and represent about half of the total banking outlets in Ghana.
  • Publication
    Bringing Finance to Pakistan's Poor : Access to Finance for Small Enterprises and the Underserved
    (Washington, DC: World Bank, 2009-11-13) Thioro Niang, Cecile; Nenova, Tatiana; Ahmad, Anjum
    Access to financing is now widely acknowledged as a path to meaningful economic inclusion and reduction in poverty. Policy efforts to increase access to finance in Pakistan have taken time to bear fruit, but now access is indeed expanding quickly in certain financial sectors (microfinance, remittances), albeit from a very low base. Nevertheless, policy measures cannot single-handedly increase financial access; financial institutions' willingness to expand access in Pakistan has been stinted by slow technologic advances, weak legal foundations, and unsuitable financial processes and products. Poor socioeconomic conditions, gender bias, and low levels of basic education and financial literacy remain barriers, but perhaps the single strongest driver of low demand for financial access has been income. The primary purpose of this study is to measure and describe the state of financial service provision to underserved segments of the market in Pakistan, particularly those with low incomes and small enterprises, and to identify ways to improve investment and create inclusive markets that meet the needs of underserved people and enterprises.
  • Publication
    The Legal and Regulatory Framework for Microfinance in Iraq
    (World Bank, Washington, DC, 2015-07) Abdel Aziz, Teymour; Abbassi, Alaa; Chehade, Nadine; Lauer, Kate
    A well-functioning and inclusive financial sector is critical for efficient resource allocation leading to increased productivity, greater investment, higher overall levels of economic growth, and lower inequality. This is particularly critical in Iraq, where years of political instability and violence have impeded the development of a robust private sector. Microfinance services in Iraq are still nascent and far from meeting their full potential. This diagnostic report aims to present the microfinance landscape in Iraq, its legal and regulatory framework, and potential policy improvements to enhance the operating environment. It aims to inform public and private sector stakeholders on the regulations and laws affecting the development and strategic direction of the microfinance sector. The policy recommendations presented are designed to address factors preventing greater growth and outreach, with the goal of promoting inclusive financial sector development in Iraq.

Users also downloaded

Showing related downloaded files

  • Publication
    Sindh Province, Pakistan Student Assessment : SABER Country Report 2012
    (Washington, DC, 2012) World Bank
    In 2012, Sindh Province, Pakistan joined the Russia Education Aid for Development (READ) trust fund program, the goal of which is to help countries improve their capacity to design, carry out, analyze, and use assessments for improved student learning. As part of the READ trust fund program, and in order to gain a better understanding of the strengths and weaknesses of its existing assessment system, Tajikistan participated in a formal exercise to benchmark its student assessment system under The World Bank's Systems Approach for Better Education Results (SABER) program. SABER is an evidence-based program to help countries systematically examine and strengthen the performance of different aspects of their education systems. SABER-student assessment is a component of the SABER program that focuses specifically on benchmarking student assessment policies and systems. The goal of SABER-student assessment is to promote stronger assessment systems that contribute to improved education quality and learning for all. The importance of assessment is linked to its role in: providing information on levels of student learning and achievement in the system; monitoring trends in education quality over time; supporting educators and students with real-time information to improve teaching and learning; and holding stakeholders accountable for results. The SABER-student assessment framework is built on the available evidence base for what an effective assessment system looks like. The framework provides guidance on how countries can build more effective student assessment systems. The framework is structured around two main dimensions of assessment systems: the types/purposes of assessment activities and the quality of those activities. Assessment systems tend to be comprised of three main types of assessment activities, each of which serves a different purpose and addresses different information needs. These three main types are: classroom assessment, examinations, and large scale, system level assessments. This report focuses specifically on policies in the area of student assessment.
  • Publication
    Social Protection Situational Analysis : Bosnia and Herzegovina
    (Washington, DC, 2022) World Bank
    Bosnia and Herzegovina faces significant labor market challenges. While recovering from the COVID-19 crisis, Bosnia and Herzegovina (BiH) is struggling with persistent unemployment and a predicted rise in poverty. To further reduce the incidence of poverty, measures to create more job opportunities for all BiH citizens must be complemented by an effective social protection framework. This note presents a situational analysis of the social protection system in Bosnia and Herzegovina. It assesses the extent to which the social protection system fulfills its purpose; it also proposes policy priorities as well as areas for reform in the short, medium, and long term. The remainder of the note is organized as follows. Section 2 reviews the country’s main poverty and labor market outcomes; section 3 provides a brief overview of the social protection system; section 4 looks at non-contributory cash transfers to support the poor, the vulnerable and people with disabilities; section 5 examines social care services; section 6 analyzes pensions; section 7 explores employment and active labor market programs; section 8 reviews the social protection response to the COVID-19 pandemic; and section 9 concludes by identifying knowledge gaps and policy priorities for reform.
  • Publication
    Digital Africa
    (Washington, DC: World Bank, 2023-03-13) Begazo, Tania; Dutz, Mark Andrew; Blimpo, Moussa
    All African countries need better and more jobs for their growing populations. "Digital Africa: Technological Transformation for Jobs" shows that broader use of productivity-enhancing, digital technologies by enterprises and households is imperative to generate such jobs, including for lower-skilled people. At the same time, it can support not only countries’ short-term objective of postpandemic economic recovery but also their vision of economic transformation with more inclusive growth. These outcomes are not automatic, however. Mobile internet availability has increased throughout the continent in recent years, but Africa’s uptake gap is the highest in the world. Areas with at least 3G mobile internet service now cover 84 percent of Africa’s population, but only 22 percent uses such services. And the average African business lags in the use of smartphones and computers as well as more sophisticated digital technologies that catalyze further productivity gains. Two issues explain the usage gap: affordability of these new technologies and willingness to use them. For the 40 percent of Africans below the extreme poverty line, mobile data plans alone would cost one-third of their incomes—in addition to the price of access devices, apps, and electricity. Data plans for small- and medium-size businesses are also more expensive than in other regions. Moreover, shortcomings in the quality of internet services—and in the supply of attractive, skills-appropriate apps that promote entrepreneurship and raise earnings—dampen people’s willingness to use them. For those countries already using these technologies, the development payoffs are significant. New empirical studies for this report add to the rapidly growing evidence that mobile internet availability directly raises enterprise productivity, increases jobs, and reduces poverty throughout Africa. To realize these and other benefits more widely, Africa’s countries must implement complementary and mutually reinforcing policies to strengthen both consumers’ ability to pay and willingness to use digital technologies. These interventions must prioritize productive use to generate large numbers of inclusive jobs in a region poised to benefit from a massive, youthful workforce—one projected to become the world’s largest by the end of this century.
  • Publication
    Migration and Economic Development in Kosovo
    (Washington, DC, 2011-05-25) World Bank
    Kosovo has one of the largest international migration flows in the world. Much emigration has been for economic reasons and to escape armed conflict in the late 1990s; resolution of the conflict does not appear to have offered migrants enough incentive to return. Even though migration slowed with the global economic crisis, a reported 3.5 percent of the working population aged 15 and above have expressed interest in emigrating in the next 12 months. The first objective of this study is to illustrate the importance of migration and remittances for Kosovo, drawing on data from recent surveys. The second is to identify policies implemented in other countries that the Kosovan authorities might find useful for maximizing the benefits from its large migrant population. The study does not specify policies the Kosovan authorities should adopt; instead, it sets out policies and instruments the authorities could consider if they wish to more tightly link migration to development. The study has two parts. The first describes migration and remittances trends in Kosovo and links them to labor outcomes, poverty, and investment. The second presents migration policies other countries have introduced, including some countries that are, like Kosovo, small, post-conflict, developing countries with a large diaspora in developed countries.
  • Publication
    Air Pollution in Tehran
    (World Bank, Washington, DC, 2018-04) Heger, Martin; Sarraf, Maria; Heger, Martin Philipp
    Tehran, the capital of the Islamic Republic of Iran (IRI), is located in the north of the country with a population of about 8.5 million. The population can reach over 12.5 million during the day, with people from nearby cities commuting daily to Tehran for work. There are more than 17 million vehicular trips per day in Tehran, and many of the vehicles have outdated technology. Thus, the air in Tehran is amongst the most polluted in the world. Topography and climate add to the pollution problem. Tehran is at a high altitude and is surrounded by the Alborz Mountain Range, which traps polluted air. Temperature inversion, a phenomenon particularly occurring during the winter months, prevents the pollutants from being diluted. Several recent trends indicate that reducing air pollution will not be straight forward: rapid population growth (partially due to migration from other cities), industrial development, urbanization, and increasing fuel consumptionare pressure points for clean air in Tehran. To design an effective approach to air pollution management, it is important to diagnose the problem, determine its sources, and identify affordable and sustainable solutions. This discussion paper provides an overview of the seriousness of air pollution in the city of Tehran; quantifies its impact in terms of health and economic costs; identifies the sources of pollution; and, finally, provides a framework to addressthe problem.