How to Make Financial Sector Development Strategies Work

Abstract

A well designed and properly implemented financials sector strategy can strategize many further reforms supported by public and private sector stakeholders and development partners. A financial sector strategy is an essential tool to guide and accelerate the development of a country’s financial sector. The lessons presented in this note outline important factors that make financials strategies effective. The lessons are based on FIRST’s experience in financial sector development strategy projects, as it worked in the field over past 10 years. FIRST surveyed several countries in which it has worked and the note is a compilation of responses and lessons from the survey.