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Onerous KYC documentation requirements are widely recognized as a potential constraint to full financial inclusion. However, it is sometimes difficult to judge the extent to which this constraint is a serious or binding one, relative to others. The paper considers this question, distinguishing between different types of documentation and different financial market segments according to their KYC requirements.
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The Commitment to Development Index ranks 27 of the world’s richest countries on their dedication to policies that benefit the 5.5 billion people living in poorer nations.
One of the questions reportedly from the Presidential transition team to the State Department was: “With so much corruption in Africa, how much of our funding is stolen?” During the nomination hearings for Rex Tillerson to be Secretary of State, Senator Rand Paul provided one answer: seventy percent of aid is “stolen off the top.” The question is a fair one to ask. The bad news is that the short answer is “we don’t know.” The better news is that the slightly longer answer is “nowhere near 70 percent.” And the best news is that if we spent more time tracking the results of aid projects, we’d have a much better idea of where corruption was a problem and if our efforts to reduce it were working.
The authors argue that many reform initiatives in developing countries fail to achieve sustained improvements in performance because they are merely isomorphic mimicry. They present a new framework for breaking out of capability traps.
Pakistan is a leader in the application of identification systems and technology to a range of development issues. The National Database and Registration Authority (NADRA) of Pakistan has become a central player in a number of program areas and has been internationally recognized for its expertise, including winning many awards for excellence.
“This important book sets a sensible and specific way forward. It should be read by all involved in economic development and international action on climate change.” —Lord Nicholas Stern, author of the Stern Review
This paper surveys 160 cases where biometric identification has been used for economic, political, and social purposes in developing countries. One primary conclusion is that identification should be considered as a component of development policy, rather than being seen as just a cost on a program-by-program basis.
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