World Bank2013-02-262013-02-262009-12https://hdl.handle.net/10986/12502The objective of this report is to contribute to the continuing policy dialogue on financial sector development. It is intended that the analysis and recommendations from this report will contribute towards the preparation and implementation of the National Development Plan (NDP) and the implementation of the Financial Markets Development Plan. The report suggests both policy and institutional reforms to develop rural and agricultural finance. This report has two parts: improving access to financial services and improving the supply of term finance. The first part focuses on three areas: expanding access though the banking system; developing rural and agricultural finance; and improving payments and remittance systems. The second part focuses on three key areas: reforming the pension system; developing the housing finance market; and increasing the private financing of infrastructure. Each chapter has the following structure: the first section provides an overview of the chapter topic; the second presents an analysis of the results of the survey (where applicable) and interviews, and categorizes constraints; the third section provides recommendations to address the constraints.en-USCC BY 3.0 IGOACCESS TO BANKINGACCESS TO BANKING SERVICESACCESS TO CREDITACCESS TO FINANCEACCESS TO FINANCIAL SERVICESADVISORY SERVICESAGRICULTURAL CREDITAGRICULTURAL FINANCEAGRICULTURAL SECTORAPPROVAL RATEARREARSAVAILABILITY OF CREDITBACKED SECURITIESBALANCE SHEETBALANCE SHEETSBANK BRANCHBANK BRANCH NETWORKSBANK BRANCHESBANK CHARGESBANK CREDITBANK CUSTOMERSBANK DEPOSITSBANK FINANCINGBANK LENDINGBANKERS ASSOCIATIONBANKING SECTORBANKING SERVICESBANKING SUPERVISIONBANKING SYSTEMBOND MARKETBORROWERBORROWINGBORROWINGSBUSINESS PLANBUSINESS PLANNINGBUSINESS RISKCAPITAL ACCOUNTCAPITAL ADEQUACYCAPITAL COSTCAPITAL COSTSCAPITAL INVESTMENTCAPITAL MARKETCAPITAL MARKETSCAPITAL RETURNCAPITAL STRUCTURECASH FLOWSCASH ON HANDCOLLATERALCOLLATERAL REQUIREMENTSCOMMERCIAL BANKCOMMERCIAL BANKINGCOMMERCIAL BANKSCOMMERCIAL FARMERSCOMMERCIAL FINANCECOMMODITY EXCHANGECONSUMER PROTECTIONCONSUMER PROTECTION LAWCORE DEPOSITCORE DEPOSITSCORRUPTIONCOST OF REMITTANCESCREDIT APPLICATIONSCREDIT ASSOCIATIONSCREDIT COOPERATIVECREDIT COOPERATIVESCREDIT DECISIONSCREDIT FACILITYCREDIT GUARANTEECREDIT HISTORIESCREDIT INFORMATIONCREDIT INSTITUTIONCREDIT INSTITUTIONSCREDIT LINESCREDIT RATINGSCREDIT UNIONCREDITORCREDITORSCREDITWORTHY BORROWERSCROP INSURANCEDEBTDEBTSDEPOSITDEPOSIT INSURANCEDEPOSIT PRODUCTSDEVELOPMENT BANKDEVELOPMENT OF FINANCEEARNINGSECONOMIC ACTIVITYECONOMIC DEVELOPMENTECONOMIC GROWTHEDUCATION FUNDELECTRONIC FUNDSELECTRONIC FUNDS TRANSFERELECTRONIC PAYMENTELECTRONIC TRANSFERSENTREPRENEURENTREPRENEURSFARMERFARMERSFEDERAL RESERVEFEDERAL RESERVE BANKFINANCIAL ACCESSFINANCIAL DEVELOPMENTFINANCIAL EDUCATIONFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL INTERMEDIARIESFINANCIAL INTERMEDIATIONFINANCIAL LITERACYFINANCIAL MARKETFINANCIAL MARKETSFINANCIAL POLICYFINANCIAL PRODUCTSFINANCIAL SECTOR ASSESSMENTFINANCIAL SECTOR DEVELOPMENTFINANCIAL SECTOR REFORMFINANCIAL SERVICEFINANCIAL SYSTEMFINANCIAL SYSTEM DEVELOPMENTFINANCIAL SYSTEMSFINANCIAL TRAININGFINANCING NEEDSFISCAL RESOURCESFIXED ASSETSFORMAL BANKSFORMAL FINANCIAL INSTITUTIONSGROUP GUARANTEESGROUP LENDINGGUARANTEE SCHEMEHIGH INTEREST RATESHOUSEHOLDSHOUSINGHOUSING FINANCEHOUSING LOANSIMPORT DUTYINFORMATION SERVICESINSTITUTIONAL CAPACITYINSTITUTIONAL INVESTORINSTITUTIONAL REFORMSINTEREST RATEINTERNATIONAL FINANCEINVESTMENT DECISIONSKEY CHALLENGELENDERSLIMITED FINANCIAL LITERACYLIVESTOCK INSURANCELOANLOAN APPLICATIONSLOAN CLIENTSLOAN DELINQUENCIESLOAN PORTFOLIOSLOAN PRODUCTSLOAN RECOVERYLOANABLE FUNDSLONG- TERM FUNDINGLONG-TERM FUNDINGMFIMFISMICROFINANCEMICROFINANCE INSTITUTIONMICROFINANCE INSTITUTIONSMONEY TRANSFERMORTGAGEMORTGAGE FINANCINGMORTGAGE LENDERSMORTGAGE LENDINGMORTGAGE MARKETMORTGAGESNEW MARKETSOPERATING COSTSOUTREACHOVERDRAFTSOVERHEAD COSTSPAYMENT SERVICESPENSION FUNDPENSION FUNDSPRIVATE CREDITPRIVATIZATIONPROFIT MARGINSPROFITABILITYPROFITABLE BUSINESSPROVISION OF CREDITRATES OF RETURNREMITTANCEREMITTANCESREPAYMENTRESERVE REQUIREMENTSRISK MANAGEMENTRURAL ACCESSRURAL BRANCHESRURAL FINANCERURAL FINANCIAL SERVICERURAL FINANCIAL SERVICESSAVINGSSAVINGS RATESAVINGS SERVICESSECURITIESSETTLEMENT SYSTEMSSMALL BUSINESSESSMALL FARMERSSMALL LOANSSOCIAL SECURITYTAX EXEMPTIONSTAX INCENTIVESTECHNICAL ASSISTANCETRADE CREDITTRANSACTION COSTSTREASURY BILLSUNIONURBAN AREASVILLAGEWAREHOUSEWAREHOUSE RECEIPTWAREHOUSE RECEIPT SYSTEMWAREHOUSE RECEIPTSWAREHOUSESWORKING CAPITALWorld Bank10.1596/12502