The performance of Micro Finance Institutions (MFIs) has been affected negatively by the current hypercompetitive economic environment which has been characterised by as unfair competition. Huge losses have been reported among MFIs in Kenya, this has forced MFIs to innovate differently; product,...

The performance of Micro Finance Institutions (MFIs) has been affected negatively by the current hypercompetitive economic environment which has beencharacterised by as unfair competition. Huge losses have been reported among MFIs in Kenya, this has forced MFIs to innovate differently; product,...

The performance of Micro Finance Institutions (MFIs) has been affected negatively by the current hypercompetitive economic environment which has been characterised by as unfair competition. Huge losses have been reported among MFIs in Kenya, this has forced MFIs to innovate differently; product,...

Using firm level data on 70,000 enterprises in 107 countries, this paper finds important effects of access to finance, business regulations, corruption, and to a lesser extent, infrastructure bottlenecks in explaining patterns of job creation at the firm level. The paper focuses on how the...

This paper presents the primary institutions and economic policies that have led to Chile’s remarkable record of stability and growth over the past twenty years. The core of this policy stance is the combination of fiscal discipline and an open trade policy regime, together with carefully...

This 2004 Article IV Consultation highlights that following a rather tepid recovery, the United States economy gathered strength in 2003. Supported by continued robust productivity growth, real GDP growth began to exceed the growth rate of potential output around midyear. The recovery broadened...

This study discusses a number of policy options that could help transform Equatorial Guinea’s oil wealth into sustainable improvements in living conditions. The development of Equatorial Guinea’s non-oil sector over the coming years will be essential for long-term economic growth...

Poland's outstanding economic performance has come under strain. Executive Directors stressed the need to strengthen fiscal and monetary policies, and accelerate structural reforms. They considered that the new strategy will strengthen the medium-term economic performance, and place Poland in a...