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The private sector and poverty reduction : lessons from the field (English)

The mission of the International Finance Corporation (IFC) is to create opportunities for people to escape poverty and improve their lives. There is a subjective dimension to poverty which relates to peoples’ perceptions and translates into such basic human concerns as self-confidence, motivation, and hope. Successful development projects tap into this dimension and enhance the meaning people give to their endeavors so that people become the architects of their own development. Independent evaluation group (IEG) selected four case studies in as many countries. The countries for these case studies were drawn from the two areas of the world with the highest incidence of absolute and proportional poverty - Asia and Africa. The projects represented four different sectors of economic activity, each important to poverty reduction: a micro-credit and savings financial service in a large Central African country; a telecom project in a small East African country; a farm forestry project in a large South Asian country; and a water and sanitation project in a middle sized East Asian country. This report will discuss a number of issues relating to the poverty reduction effectiveness of these four projects: the rationale behind their support; understanding the perspective of the poor (demand assessment); adjusting supply to market realities (how companies engage with beneficiaries); access to services; affordability; and effects (results), followed by a summary and conclusion.

Details

  • Document Date

    2012/04/01

  • Document Type

    Working Paper

  • Report Number

    99697

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Asia,

    Africa,

  • Region

    South Asia, East Asia and Pacific, Africa,

  • Disclosure Date

    2015/10/06

  • Disclosure Status

    Disclosed

  • Doc Name

    The private sector and poverty reduction : lessons from the field

  • Keywords

    small and medium enterprise;farm forestry;access to financial service;short period of time;lack of transparency;water;improvements in health;savings account;information about business;access to training;collateral for loan;access to child;quality of water;reduction in poverty;management of household;formal financial institution;informal financial institution;basic human need;participatory poverty assessment;process of development;local bank account;years of service;source of employment;long gestation period;access to irrigation;nutrition and education;Access to Electricity;intended beneficiary;urban poor;farmer;eucalyptus tree;social stability;market reality;company official;banking system;quality water;financial system;poor farming;remote village;potable water;installation fee;agricultural production;local leadership;telecom company;commercial activity;field work;field study;non-governmental organization;beneficiary population;information service;community association;human dimension;female farmer;living condition;public health;resource cost;id documents;increased investment;water company;increased demand;credit account;intrinsic value;employment opportunity;employment opportunities;water cost;special requirements;clear economic;tree plantation;deeper look;capital time;penetration rate;grace period;SME activity;political instability;credit management;balanced diet;young people;psychological need;increased revenue;ready access;collaborative partnership;telecom service;rural population;real benefits;Community Services;full participation;gender issue;monthly income;financial aspect;plastic containers;leadership training;physical facility;poverty impact;piped water;business growth;focus group;project identification;potential users;public phone;personal interaction;social improvement;phone service;field visits;small country;poverty focus;informant interviews;social standing;escape poverty;money management;financial entity;positive impact;active life;nutrition status;life expectancy;water improvement;Financial Sector;effective outreach;urban population;tree crop;initial investment;marginal farmer;human dignity;population estimate;telephone penetration;pulp mill;local research;urban neighborhood;trade sector;financial picture;research method;money matter;social objective;loan applicant;increased opportunity;ordinary people;parental investment;bank deposit;bank borrower;initial deposit;urban upgrade;private entity;mutual aid;income household;promoting growth;telephone communication;public domain;cultural value;bank client;cost sharing;financial matter;material resource;large enterprise;positive reaction;water to community;connection charge;water system;water initiative;intrinsic worth;social dimension;median income;

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Citation

The private sector and poverty reduction : lessons from the field (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/813711468190737308/The-private-sector-and-poverty-reduction-lessons-from-the-field