The main objective of this technical note is to evaluate the institutional and implementation framework needed for strengthening payment systems as a core element of delivering social protection and labor (SPL) benefits to the poor, around which targeting, identification and monitoring systems operate.
... Exibir mais + The assessment aims to support improving how new national programs and initiatives identify the poorest households, assess their needs and facilitate the delivery of investments and services to them by maximizing digital financial technology. The note is structured as follows. Following the introduction in section I, section II looks at institutional framework, including the regulatory environment for financial services as well as the personal identification (ID) landscape in Côte d'Ivoire. Section III assesses the current payment systems in the four focus programs chosen. Section IV provides recommendations for improvement of the payment systems of the four focus programs in the short and long term, with an eye not only toward improving service delivery for the beneficiaries of individual programs, but also toward improving coordination between programs.
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The main objective of this technical note is to evaluate the institutional and implementation framework needed for strengthening payment systems as a core element of delivering social protection and labor (SPL) benefits to the poor, around which targeting, identification and monitoring systems operate.
... Exibir mais + The assessment aims to support improving how new national programs and initiatives identify the poorest households, assess their needs and facilitate the delivery of investments and services to them by maximizing digital financial technology. The note is structured as follows. Following the introduction in section I, section II looks at institutional framework, including the regulatory environment for financial services as well as the personal identification (ID) landscape in Côte d'Ivoire. Section III assesses the current payment systems in the four focus programs chosen. Section IV provides recommendations for improvement of the payment systems of the four focus programs in the short and long term, with an eye not only toward improving service delivery for the beneficiaries of individual programs, but also toward improving coordination between programs.
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The main objective of this policy note is to assess key social protection and labor (SPL) policies, program expenditures and institutional arrangements in Cote d'Ivoire.
... Exibir mais + The note aims to identify policy options for improving allocative and technical efficiency for key programs, including how to modernize and coordinate financing arrangements, delivery systems and benefit packages across different populations. The main policy question addressed by the note is to what extent spending levels and institutional arrangements have been effective in terms of reaching and supporting the poorest households. The first part of the policy note focuses on providing an overview of current programs; the second part focuses on policy options moving forward; the final part concludes with a framework for reform. As an initial analysis, the first part of the note takes stock and reviews key aspects of the main SPL programs in terms of: (i) financing, (ii) access and coverage, and (iii) governance and administration in service delivery. The second part of the note evaluates options for strengthening risk management as a well-coordinated, integrated system across different programs, with a focus on (i) fiscal implications, (ii) distributional effects, and (iii) modernizing design features. Finally, the last part discusses a framework for reform, political economy considerations and recommendations for structuring social dialogue on reforms.
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The main objective of this policy note is to assess key social protection and labor (SPL) policies, program expenditures and institutional arrangements in Cote d'Ivoire.
... Exibir mais + The note aims to identify policy options for improving allocative and technical efficiency for key programs, including how to modernize and coordinate financing arrangements, delivery systems and benefit packages across different populations. The main policy question addressed by the note is to what extent spending levels and institutional arrangements have been effective in terms of reaching and supporting the poorest households. The first part of the policy note focuses on providing an overview of current programs; the second part focuses on policy options moving forward; the final part concludes with a framework for reform. As an initial analysis, the first part of the note takes stock and reviews key aspects of the main SPL programs in terms of: (i) financing, (ii) access and coverage, and (iii) governance and administration in service delivery. The second part of the note evaluates options for strengthening risk management as a well-coordinated, integrated system across different programs, with a focus on (i) fiscal implications, (ii) distributional effects, and (iii) modernizing design features. Finally, the last part discusses a framework for reform, political economy considerations and recommendations for structuring social dialogue on reforms.
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This field note summarizes the steps taken by the World Bank and IFC to operationalize themobile money-based government-to-person (G2P) transfers together with the government of Côte d’Ivoire.
... Exibir mais + While there were many steps in the course towards implementation, this note focuses primarily on three main areas of collaboration: (1) supporting the government to scope availablepayment mechanisms and develop a payment strategy, (2) training beneficiaries on the usage of the payment mechanism, and (3) preparing for scale-up. The field note ends by presenting some lessons learned that may be useful for stakeholders in other contexts planning similar initiatives.
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Côte d’Ivoire is the largest Digital financial services (DFS) market in the West African economic and monetary union. Côte d’Ivoire has a high level of inactive DFS accounts that have not been used for over 90 days.
... Exibir mais + While there are wide differences between providers, data indicates that even under the best case scenario almost 50 percent of the total number of registered DFS clients are inactive. To investigate the causes of inactivity and learn how they can be addressed, The Partnership for Financial Inclusion, a joint initiative of IFC and The MasterCard foundation to advance mobile financial services in Sub-Saharan Africa, carried out market research in cooperation with two of the largest DFS providers in Côte d’Ivoire. The study found three main barriers to usage. There is no single solution to increasing customer activity in the digital financial services market. However, there are a range of actions that can be taken to help overcome the issues that contribute to an inactive clientele. This study has highlighted some important new areas for research and lessons learned for the industry as a whole.
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Côte d’Ivoire is the largest Digital financial services (DFS) market in the West African economic and monetary union. Côte d’Ivoire has a high level of inactive DFS accounts that have not been used for over 90 days.
... Exibir mais + While there are wide differences between providers, data indicates that even under the best case scenario almost 50 percent of the total number of registered DFS clients are inactive. To investigate the causes of inactivity and learn how they can be addressed, The Partnership for Financial Inclusion, a joint initiative of IFC and The MasterCard foundation to advance mobile financial services in Sub-Saharan Africa, carried out market research in cooperation with two of the largest DFS providers in Côte d’Ivoire. The study found three main barriers to usage. There is no single solution to increasing customer activity in the digital financial services market. However, there are a range of actions that can be taken to help overcome the issues that contribute to an inactive clientele. This study has highlighted some important new areas for research and lessons learned for the industry as a whole.
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Côte d’Ivoire has the world’s largest cocoa sector, producing over 1.4 million metric tons of raw cocoa per year, accounting for thirty two percent of world production.
... Exibir mais + Harvest payments often arrive late due to the complex logistics of cash-based payments and, it is not uncommon for the amount farmers receive to be somewhat below market value due to high commissions taken by chains of intermediary middlemen. Cognizant of these costs and inefficiencies, many actors in the cocoa value chain are exploring alternatives. One such alternative is paying farmers through Digital financial services (DFS). This research focuses specifically on mobile money accounts and discusses, first, how these have already expanded financial inclusion in Côte d’Ivoire and, secondly, how mobile money could help deliver products to cocoa farmers that meet their needs. The study is a knowledge product of the Partnership for Financial Inclusion, a joint initiative of IFC and The MasterCard Foundation to expand microfinance and advance digital financial services in Sub-Saharan Africa. It is organized as follows: The first section reviews the financial inclusion landscape in Côte d’Ivoire, revealing that DFS has unusually high penetration in rural areas. The second section analyzes the specific financial behavior of cocoa farmers based on new data collected by IFC,and is followed by a third section presenting a framework for how DFS could help improve farmers’ lives. The report concludes with a call to stakeholders to keep piloting and innovating with products and payment channels that cater to the financial needs of rural communities in Côte d’Ivoire and beyond.
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Côte d’Ivoire has the world’s largest cocoa sector, producing over 1.4 million metric tons of raw cocoa per year, accounting for thirty two percent of world production.
... Exibir mais + Harvest payments often arrive late due to the complex logistics of cash-based payments and, it is not uncommon for the amount farmers receive to be somewhat below market value due to high commissions taken by chains of intermediary middlemen. Cognizant of these costs and inefficiencies, many actors in the cocoa value chain are exploring alternatives. One such alternative is paying farmers through Digital financial services (DFS). This research focuses specifically on mobile money accounts and discusses, first, how these have already expanded financial inclusion in Côte d’Ivoire and, secondly, how mobile money could help deliver products to cocoa farmers that meet their needs. The study is a knowledge product of the Partnership for Financial Inclusion, a joint initiative of IFC and The MasterCard Foundation to expand microfinance and advance digital financial services in Sub-Saharan Africa. It is organized as follows: The first section reviews the financial inclusion landscape in Côte d’Ivoire, revealing that DFS has unusually high penetration in rural areas. The second section analyzes the specific financial behavior of cocoa farmers based on new data collected by IFC,and is followed by a third section presenting a framework for how DFS could help improve farmers’ lives. The report concludes with a call to stakeholders to keep piloting and innovating with products and payment channels that cater to the financial needs of rural communities in Côte d’Ivoire and beyond.
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Nigeria is an entrepreneurial economy with an estimated thirty seven million Micro, Small, and Medium-sized Enterprises (MSME) in the country, and their contribution to economic growth and job creation is significant.
... Exibir mais + There are also a large number of self-employed entrepreneurs who support themselves and their families by supplying goods and services to the economy. Many of these businesses have the potential to become bigger and more prosperous, but their growth is restricted for a variety of reasons. Access to finance has been singled out as a crucial prerequisite to the growth of these businesses. This report identified collateral as the missing link between the small-scale business sector and the financial institutions that could provide the necessary capital for them to grow. This means formal lending is virtually inaccessible for these small businesses and entrepreneurs, who instead rely on informal, unregulated, and unpredictable credit in order to expand their operations. To improve access to finance and promote inclusive economic growth, the Central Bank of Nigeria (CBN), in partnership with the International Finance Corporation (IFC), a member of the World Bank Group and the largest global development institution focused on the private sector in emerging markets, has established the National Collateral Registry and is supporting the development of a modern credit reporting system in Nigeria. This new financial infrastructure will allow for increased use of moveable and reputational collateral to make it possible for more MSMEs to access financing through the formal sector.
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Documento de Trabalho 113258 JAN 01, 2017
Novelli,Porter; Alvarez De La Campa,Alejandro; Essien,Eme; Salamina,Luz Maria; Ndonde,Moyo Violet; Awah,Ubong Valentine; Rodriguez Felipe,Elsa; Ascension Vega,Carmen Maria; Tullis,Christopher Boyd; Koblanck,Anna Eva Susanne; Delay,Pauline Anna Marie InglêsDisclosed
