Document Type: Implementation Status and Results Report Report No.: ISR39170 Document Date: JAN 09, 2020

Author: Cuvillier,Emmanuel F. Disclosure Status: Disclosed

There are twenty-one ATM networks in Brazil, mostly single bank networks. Cards are the predominant payment instrument used in Brazil, with the card market being the second largest in the world. ... See More + Despite improvement over the years, there is a low level of interoperability among networks of ATMs in Brazil, contributing to high operational costs for the banking sector and increased costs for customer. The committee on payments and market infrastructures (CPMI) defines ‘interoperability’ as the technical or legal compatibility that enables a system or mechanism to be used in conjunction with other systems or mechanisms. The interoperability between ATM networks is accordingly quite low, with the exception of the Banco 24 Horas network. The joint World Bank- IMF financial sector assessment program (FSAP) of 2018 recommended for the Banco Central do Brasil (BCB) to pursue full interoperability of ATM. The interoperability of payment systems/ infrastructure is critical for positive network externalities and for facilitating financial inclusion. networks in Brazil. Following the FSAP and the policy dialogue with BCB, this note aims to provide key policy options for BCB with respect to achieving interoperability for ATM transactions in Brazil. The note presents: (i) the key concepts that impact interoperability of the ATM network; (ii) an overview of the regulatory framework and retail payment infrastructure in Brazil; (iii) cross-country examples of interoperable ATM networks; (iv) issues and challenges to be addressed for achieving interoperability; and (v) the possible policy options that the BCB could consider adopting in Brazil. In conclusion, it is recommended that BCB takes a series of policy measures starting with using the tool of moral suasion to encourage the stakeholders towards achieving full interoperability of the ATM infrastructure in Brazil.  See Less -

Document Type: Working Paper Report No.: 145052 Document Date: JAN 01, 2020

Author: Ramteke,Nilima Chhabilal; Natarajan,Harish; Delort,Dorothee; Perolli,Bujana Disclosure Status: Disclosed

Document Type: Procurement Plan Report No.: STEP28217 Document Date: DEC 25, 2019

Author: Bounleua SINXAYVORAVONG Disclosure Status: Disclosed

Document Type: Procurement Plan Report No.: STEP27985 Document Date: DEC 18, 2019

Author: Roger Botto Disclosure Status: Disclosed

Economic growth in Nepal remained robust, reaching 7.1 percent in FY2019. This is in contrast with past growth that averaged 4.1 percent a year between FY2007 and FY2016. ... See More + The service sector accounted for 57 percent of the growth, and the agriculture sector contributed an additional 24 percent. Higher remittance inflows and a surge in tourist arrivals translated into higher growth in retail trade, real estate, transport, and hotel and restaurant services. Good monsoons and increased commercialization coupled with improved availability of fertilizers, seeds, and irrigation facilities contributed to higher paddy, maize, and wheat production. Higher remittances also supported increased private consumption, while private investment expanded because of regular electricity supply and greater political and policy stability. However, public investment contracted as post-earthquake housing reconstruction slowed and national pride projects like Melamchi water supply and Upper Tamakoshi hydroelectric were further delayed. Net exports continued to underperform.  See Less -

Document Type: Working Paper Report No.: 144294 Document Date: DEC 12, 2019

Author: Ezemenari,Kenechukwu Maria; Joshi,Nayan Krishna Disclosure Status: Disclosed

Document Type: Procurement Plan Report No.: STEP27572 Document Date: DEC 06, 2019

Author: Hrvoje Zemljic Disclosure Status: Disclosed

Document Type: Trust Fund Administrative Agreement Report No.: Document Date: DEC 04, 2019

Author: LEGKL Disclosure Status: Disclosed

Document Type: Implementation Status and Results Report Report No.: ISR39052 Document Date: DEC 01, 2019

Author: Casap,Lucia Disclosure Status: Disclosed

Document Type: Implementation Status and Results Report Report No.: ISR34310 Document Date: NOV 29, 2019

Author: Kuek,Siou Chew Disclosure Status: Disclosed

Document Type: Procurement Plan Report No.: STEP26769 Document Date: NOV 15, 2019

Author: Danila Boneva Disclosure Status: Disclosed