Publication:
Malawi Diagnostic Review of Consumer Protection and Financial Literacy: Volume 2. Comparison with Good Practices

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dc.contributor.authorWorld Bank
dc.date.accessioned2017-01-23T19:56:46Z
dc.date.available2017-01-23T19:56:46Z
dc.date.issued2012-05
dc.description.abstractAccording to FinScope surveys in 2008 and 2014, the number of financially included adult Malawians grew from 45 percent to 49 percent, and the proportion of adults using formal banking services expanded from 19 percent to 27 percent. These significant improvements were achieved based on Malawi’s Financial Sector Development Strategy for 2010-2015 that identified consumer protection and financial literacy as priorities in developing a financial sector that supports inclusive and sustainable growth. In 2012 the World Bank conducted a diagnostic review in Malawi that aimed to highlight the progress made, compare Malawi’s legal and institutional frameworks with international benchmarks, and provide a series of concrete recommendations. Although key initial steps have been taken in financial consumer protection, especially at the institutional level, Malawi is still at an early stage of development in this area, based on international good practices. Volume 1 of this report focuses on Key Findings and Recommendations from the review. Volume 2 presents a detailed assessment of each financial segment compared to the good practices. It also includes annexes that analyze and provides recommendations on credit reporting, mobile banking services and private pension funds, and a description of the overall legal and institutional frameworks for financial consumer protection in Malawi.en
dc.identifierhttp://documents.worldbank.org/curated/en/399531483604167197/Comparison-with-good-practices
dc.identifier.doi10.1596/25892
dc.identifier.urihttps://hdl.handle.net/10986/25892
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectfinancial disclosure
dc.subjectfinancial literacy
dc.subjectfinancial consumer protection
dc.subjectbanking
dc.subjectcredit reporting
dc.subjectnon-bank financial institutions
dc.subjectsecurities
dc.subjectinsurance
dc.subjectlegal framework
dc.subjectregulation
dc.subjectmobile banking
dc.subjectprivate pensions
dc.titleMalawi Diagnostic Review of Consumer Protection and Financial Literacyen
dc.title.subtitleVolume 2. Comparison with Good Practicesen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleMalawi Diagnostic Review of Consumer Protection and Financial Literacy
okr.date.disclosure2017-01-05
okr.date.doiregistration2025-05-07T11:01:09.235907Z
okr.doctypeEconomic & Sector Work::Other Financial Accountability Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/399531483604167197/Comparison-with-good-practices
okr.guid399531483604167197
okr.identifier.externaldocumentum090224b084840204_1_0
okr.identifier.internaldocumentum27074433
okr.identifier.report111631
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/399531483604167197/pdf/111631-WP-P123485-PUBLIC-v2-MalawiCPFLVolIIFinal.pdfen
okr.region.administrativeAfrica
okr.region.countryMalawi
okr.sectorFinance
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::Finance and Development
okr.topicFinance and Financial Sector Development::Financial Literacy
okr.topicFinance and Financial Sector Development::Financial Regulation & Supervision
okr.topicFinance and Financial Sector Development::Insurance & Risk Mitigation
okr.topicFinance and Financial Sector Development::Non Bank Financial Institutions
okr.topicFinance and Financial Sector Development::Securities Markets Policy & Regulation
okr.topicLaw and Development::Financial Law
okr.unitFinance & Markets - GP - IBRD (GFMDR)
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