International Finance

Tag : Wealth Management

Islamic Banking

Industry Body Launches Manual for Islamic Credit Unions

The World Council of Credit Unions has launched a manual discussing how to establish and operate Sharia compliant credit unions in developing countries which could help to broaden the Islamic finance industry’s retail customer base. 4th August 2013 In what could be a major breakthrough for Sharia compliant banking, the industry body has launched a...
Fintech

World Bank Group Sets Direction for Energy Sector Investments

World Bank Group Sets Direction for Energy Sector Investments,The Energy Sector Directions Paper sets a principles-based course for the Bank Group’s work in the energy sector with a focus on expanding energy access and sustainable energy. 31st July,2013 Nearly one-fifth of today’s global population – 1.2 billion people – lives without access to electricity. Their...
Fintech

India: Green Growth – overcoming India’s environment challenges to promote development

Although the past decade of rapid economic growth has brought many benefits to India, the environment has suffered, exposing the population serious air and water pollution. 31st July,2013 Background and Context Over the last decade, India’s strong growth has increased employment opportunities and allowed millions to emerge from poverty. India’s remarkable growth record, however, has been clouded...
Fintech

What is Bulgaria’s Green Potential

With bold and coherent action, Bulgaria already benefit from climate action today. 31st July ,2013 Bulgaria has substantial green growth potential and it depends upon bold and systematic actions to tap into this potential in areas like agriculture, energy efficiency, and green manufacturing, according to Markus Repnik, World Bank Country Manager for Bulgaria, Czech Republic,...
FinanceWealth Management

A window of opportunity to end extreme poverty and boost shared prosperity by 2030

The World Bank has been a long term partner with the Philippines and is committed to building an even stronger relationship with the government and the people. 29th July, 2013 If the first quarter of this year is any indication, the Philippines is doing well in terms of gross domestic product (GDP) growth. At almost...
Banking

Improving Consumer Protection and Financial Literacy in Tajikistan

The World Bank studies recommended bringing Tajikistan’s financial consumer protection regime closer to international good practices. One proposal is to assign responsibility to the National Bank of Tajikistan . July 29, 2013 : Consumer protection is essential for any financial system to function effectively – it not only protects existing consumers but also encourages potential consumers...
Banking

Imagining a ‘Smart Country’ – Such as Rwanda

Smart development” and “smart solutions” are the use of information and communication technologies to tackle pressing development problems, such as poverty and access to basic services. 29th july Everyone is talking about “smart development” and “smart solutions” – the use of information and communication technologies (ICTs) to tackle the most pressing development problems such as...
Banking

Poland: Reforming the Public Sector Pay System

With Poland’s difficult fiscal situation, the public sector wages have been frozen since 2010. The Government now anticipates that pressures may arise to increase wages. July 29, 2013:  In Poland, the percentage of the workforce employed in public administration is not particularly high, at least by European standards. Overall spending on public sector wages, at...
Banking

Croatia’s Railway Sector: On Route to Efficiency and Competitiveness?

Croatia’s railway system underwent deep reform to prepare for entry to the European transport market. The World Bank outlines how the railway sector can become a greater engine of growth and its railway companies more efficient and competitive. July 29, 2013: Croatia became an integral part of the European transport market when it joined the European...
Banking

Providing Services to Rural Migrant Workers in China

To ensure rural migrants have easy access to social services in cities, the government set up migrant workers’ service centers, With subsidies and other incentives, the government encourages local employers to improve living conditions. July 29, 2013: Every year in China, millions of rural residents migrate to cities for work. But when they do, many of...