Tag: Finance

 

Dude, Where’s My Cat Bond?

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 “Cat” bonds are effectively a cheaper source of large-scale insurance coverage against clearly measured risks like earthquakes, storms, or even disease outbreaks. Generally, though, coverage hasn’t trickled down to the poorer and most at-risk countries—precisely those which are most vulnerable when aid fails to arrive or arrives piecemeal. Scaling up this market for lower-income countries would provide better shielding against many risks that undermine development overseas.

Progress Towards Reducing the Unintended Consequences of Anti-Money Laundering Policies for Poor Countries

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Last November, we released a report on the unintended consequences of anti-money laundering policies for poor countries that focused on remittances, corresponding banking, and the delivery of humanitarian aid. Today, we are pleased to report progress towards reducing the negative, unintended consequences of anti-money laundering (AML) regulation, despite the shadow cast on the international development community by Brexit. One significant policy change from the Financial Action Task Force (FATF) and three new reports give us reasons to celebrate a little, even when there is much work to be done.

How Do India’s Payments Banks Measure Against Key Principles for Financial Inclusion?

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Keeping in mind the low levels of financial inclusion in the country, the Indian authorities have developed a broad strategy to improve access to financial services, as outlined in the report by the Committee on Comprehensive Financial Services for Small Business and Low Income Households, led by Nachiket Mor. Among the committee’s recommendations, payments banks are one innovative tool to further India’s goal of greater financial inclusion.

Failing to Deliver on Family Planning? Funding in Crisis

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More than 5000 international personalities and technical experts are wrapping up the Women Deliver Conference in Copenhagen this week. The topic: how to empower women, reduce gender inequality, and improve the sexual and reproductive health of women and girls in low- and middle-income countries. Family planning and reproductive health commodities are central to this broader agenda. Yet according to our onsite sources, the conference has barely (if at all) remarked on the funding cuts that UNFPA, the United Nations Population Fund, has experienced since last year.

CGD and IMF Join Forces to Discuss Financial Inclusion

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Does broadening financial access to large segments of the population pose risks to financial stability? Not necessarily, according to recent remarks by IMF managing director Christine Lagarde. Increasing access to basic financial transactions such as payments does not threaten financial stability, especially when appropriate supervisory and regulatory frameworks are in place. In fact, with the right regulatory supervision, increased access to financial services can result in both micro and macro benefits. Recognizing the macroeconomic and regulatory dimensions of financial inclusion, CGD and the IMF joined forces for a seminar to kick off the IMF Spring Meetings 2016.

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