Financial Sector Assessment Program : Malawi - Access to Financial Services

This technical note the Malawi 2007 Financial Sector Assessment Program (FSAP) reviews the current challenges of increasing access to financial services in Malawi. After a cursory assessment of the state of the financial sector in chapter one, it summarizes the key challenges of rural financial sector development (chapter two); then discusses the opportunities that branchless banking technology offers (chapter three), the options for strengthening the financial infrastructure (chapter four) and the role of government in increasing access (chapter five). It concludes with recommendations on how authorities may seek to realize these opportunities (chapter six).

Bibliographic Details

Main Authors:	International Monetary Fund, World Bank
Language:	English en_US
Published:	World Bank, Washington, DC 2008-09
Subjects:	ACCESS BARRIERS, ACCESS TO CREDIT, ACCESS TO FINANCE, ACCESS TO FINANCIAL SERVICES, ACCOUNTING, ACCURATE INFORMATION, ADVISORY SERVICES, AFFORDABILITY, AFFORDABLE PRICE, AGRICULTURAL PRODUCTS, ANTI-MONEY LAUNDERING, AUTONOMY, BANK ACCOUNT, BANK BRANCH, BANK BRANCHES, BANK COMPLIANCE, BANK CUSTOMERS, BANK FEES, BANKERS ASSOCIATION, BANKING INITIATIVES, BANKING MODELS, BANKING SECTOR, BANKING SERVICE, BANKING SERVICES, BANKING SYSTEM, BENEFICIARIES, BEST PRACTICE, BEST PRACTICES, BIG BANKS, BORROWER, BORROWING, BUSINESS ADVISORY, BUSINESS DEVELOPMENT, BUSINESS OPPORTUNITY, BUSINESS PLAN, CAPITAL MARKETS, CASH PAYMENTS, CASH TRANSFERS, CLEARING HOUSE, COLLATERAL, COLLATERAL REQUIREMENTS, COMMERCIAL BANK, COMMERCIAL BANKING, COMMERCIAL BANKS, COMMODITY, CONSUMER PROTECTION, CREDIT CARDS, CREDIT COOPERATIVES, CREDIT FACILITIES, CURRENT ACCOUNT, CUSTOMER BASE, CUSTOMER SERVICE, DEBIT CARD, DEBIT CARDS, DEBT, DEPOSIT, DEPOSIT ACCOUNT, DEPOSIT ACCOUNTS, DEPOSITOR, DEPOSITORS, DEPOSITS, DEVELOPMENT FINANCE, DEVELOPMENT FINANCE INSTITUTIONS, DISASTER RECOVERY, DISPOSABLE INCOME, DIVERSIFICATION, DUE DILIGENCE REQUIREMENTS, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ECONOMIC POLICIES, ELECTRONIC BANKING, ELECTRONIC PAYMENT, EMPLOYER, EMPLOYERS, EMPLOYMENT, ENTERPRISE DEVELOPMENT, ENTREPRENEURS, ENTRY POINTS, EQUITY INVESTMENT, EXPENDITURES, FARMER, FARMERS, FINANCE COMPANIES, FINANCE COMPANY, FINANCIAL ACCESS, FINANCIAL DEVELOPMENT, FINANCIAL INFRASTRUCTURE, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL INTERMEDIATION, FINANCIAL LITERACY, FINANCIAL MARKET, FINANCIAL PERFORMANCE, FINANCIAL PRODUCTS, FINANCIAL RESOURCES, FINANCIAL SECTOR ASSESSMENT, FINANCIAL SECTOR DEVELOPMENT, FINANCIAL SERVICE, FINANCIAL SERVICE PROVIDERS, FINANCIAL STABILITY, FINANCIAL STRATEGY, FINANCIAL SUPPORT, FINANCIAL SUSTAINABILITY, FINANCIAL SYSTEM, FOREIGN EXCHANGE, FORMAL BANKING, FORMAL FINANCIAL SECTOR, FORMAL FINANCIAL SERVICES, FUNDING SOURCES, GENDER, GOVERNMENT FINANCIAL INSTITUTIONS, GOVERNMENT INTERVENTION, GOVERNMENT POLICIES, GROUP LENDING, HOUSEHOLDS, INCOME GROUPS, INCOME LEVELS, INCOMES, INFLATION, INFLATION RATES, INSTITUTIONAL CAPACITY, INTEREST RATE, INTEREST RATE CONTROLS, INTERNAL CONTROLS, INTERNATIONAL BANK, INVESTING, INVESTMENT PROGRAM, KEY CHALLENGES, LACK OF KNOWLEDGE, LAWS, LEGAL AUTHORITY, LEGAL FRAMEWORK, LENDERS, LIMITED ACCESS, LIMITED ACCESS TO FINANCE, LOAN CUSTOMERS, LOAN FACILITY, LOAN PORTFOLIO, LOAN REPAYMENTS, LOW FINANCIAL LITERACY, LOW-INCOME, LOWER INCOME, MAINSTREAM BANKS, MANDATES, MARKET SHARE, MEDIUM ENTERPRISE, MERCHANT, MERCHANTS, MFI, MFIS, MICRO-CREDITS, MICRO-FINANCE, MICROFINANCE, MICROFINANCE INSTITUTION, MICROFINANCE INSTITUTIONS, MICROFINANCE LOAN, MICROFINANCE LOANS, MINIMUM DEPOSIT, MONETARY POLICY, NONBANKS, OPERATIONAL COSTS, OUTREACH, OVERHEAD COSTS, PAYMENT SERVICE, PAYMENT SERVICES, PAYMENT SYSTEMS, PAYMENTS INFRASTRUCTURE, PAYMENTS INFRASTRUCTURES, PAYMENTS SERVICE, PAYMENTS SERVICES, PENSIONS, POINT OF SALE, POINT-OF-SALE, POST OFFICE SAVINGS BANK, PRIVATE FINANCIAL INSTITUTIONS, PRIVATE FINANCIAL SECTOR, PRODUCTIVITY, PRUDENTIAL REGULATIONS, RATES OF RETURNS, REAL SECTOR, RECEIPT, REGULAR PAYMENTS, REGULATORY FRAMEWORK, REGULATORY OVERSIGHT, REMITTANCE, REMITTANCES, REPAYMENT, RESERVE BANK, RETAIL FINANCIAL SERVICES, RISK MANAGEMENT, RURAL ACCESS, RURAL CLIENTS, RURAL FINANCE, RURAL FINANCIAL INSTITUTIONS, SALES, SAVERS, SAVINGS, SAVINGS ACCOUNTS, SAVINGS BANK, SAVINGS SERVICES, SMALL ENTERPRISE, SMALL ENTERPRISES, SMALL LOAN, SMALLHOLDER, SMALLHOLDER FARMERS, SMART CARD, SMART CARDS, SMART MONEY, SOCIAL WELFARE, SOURCE OF INCOME, STAKEHOLDERS, STATE BANK OF PAKISTAN, STATUS OF WOMEN, SUBSIDIZATION, SUBSIDY COSTS, TECHNICAL ASSISTANCE, TRANSACTION COSTS, TRANSPORT, UNION, WELFARE BENEFITS,
Online Access:	http://documents.worldbank.org/curated/en/2008/09/18004726/malawi-access-financial-services-technical-note https://hdl.handle.net/10986/16062
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