Publication:
Apexes : An Important Source of Local Funding

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dc.contributor.authorDuflos, Eric
dc.contributor.authorEl-Zoghbi, Mayada
dc.date.accessioned2012-08-13T08:39:26Z
dc.date.available2012-08-13T08:39:26Z
dc.date.issued2010-03
dc.description.abstractApexes are an important source of local funding for microfinance-and even more so since the global financial crisis. Well over US$2 billion per year of public money is being disbursed globally to microfinance through apex funds or local wholesale facilities. The funds are then disbursed by apexes to microfinance institutions (MFIs) mostly as subsidized loans, but occasionally as grants. The funding provided by apexes to MFIs is almost as much as the disbursements that donors and investors made to the entire microfinance sector in 2007, which was about US$2.5 billion. These large sums demonstrate the importance of apexes as vehicles to channel public money into microfinance.en
dc.identifierhttp://documents.worldbank.org/curated/en/2010/03/12821139/apexes-important-source-local-funding
dc.identifier.doi10.1596/9461
dc.identifier.urihttps://hdl.handle.net/10986/9461
dc.languageEnglish
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesCGAP Brief
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAPEX
dc.subjectAPEX INSTITUTION
dc.subjectCGAP
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMERCIAL FUNDING
dc.subjectCOMMERCIAL INVESTORS
dc.subjectDEBT
dc.subjectDEVELOPMENT BANK
dc.subjectDEVELOPMENT BANKS
dc.subjectDEVELOPMENT FINANCE
dc.subjectDISBURSEMENT
dc.subjectDISBURSEMENTS
dc.subjectEXCHANGE RATE
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SECTOR
dc.subjectFOREIGN EXCHANGE
dc.subjectGOVERNANCE ISSUES
dc.subjectHOST GOVERNMENT
dc.subjectHOST GOVERNMENTS
dc.subjectINTEREST RATE
dc.subjectINTERNATIONAL INVESTORS
dc.subjectINVESTMENT VEHICLES
dc.subjectLIQUIDITY
dc.subjectLOCAL CURRENCY
dc.subjectMICROFINANCE
dc.subjectMICROFINANCE INSTITUTIONS
dc.subjectMICROFINANCE MARKETS
dc.subjectMICROFINANCE SECTOR
dc.subjectNATIONAL BANK
dc.subjectNONGOVERNMENTAL ORGANIZATIONS
dc.subjectPOOL OF FUNDS
dc.subjectPORTFOLIO
dc.subjectPORTFOLIOS
dc.subjectPRIVATE COMMERCIAL BANKS
dc.subjectPUBLIC FUNDS
dc.subjectRESERVE
dc.subjectRESERVE BANK
dc.subjectSTATE BANK
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTRANSPARENCY
dc.subjectWHOLESALE FUND
dc.subjectWHOLESALE FUNDING
dc.titleApexes : An Important Source of Local Fundingen
dspace.entity.typePublication
okr.date.disclosure2010-10-01
okr.date.doiregistration2025-04-29T09:25:46.820149Z
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2010/03/12821139/apexes-important-source-local-funding
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid359931468338938527
okr.identifier.externaldocumentum000334955_20101001035634
okr.identifier.internaldocumentum12821139
okr.identifier.report56727
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/10/01/000334955_20101001035634/Rendered/PDF/567270BRI0CGAP1Source1Local1Funding.pdfen
okr.topicFinance and Financial Sector Development::Financial Intermediation
okr.topicFinance and Financial Sector Development::Microfinance
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Rural Finance
okr.unitConsultative Group to Assist Poor
okr.volume1 of 1
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