World Bank [to 4 April 2015]

World Bank [to 4 April 2015]
http://www.worldbank.org/en/news/all
[We generally limit coverage to regional and global level initiatives, recognizing that a number of country-level announcements are added each week]

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Developing Common Principles for Tracking Climate Finance
This week, more than two dozen of the world’s largest development finance institutions – including multilateral development banks like the World Bank Group and regional and national development banks like Agence Française de Développment – agreed to a common set of principles that each will use to consistently track financial commitments that help reduce the drivers of climate change. Tracking climate mitigation finance is the first step. The group is also developing principles for tracking adaptation finance and the ability to leverage finance, with frameworks possible mid-year.“
Date: April 3, 2015

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Modern Credit Infrastructure Allows for Quicker Loans
Information a click away
Recent credit infrastructure modernization in the banking sector have made transactions easier to process, and have facilitated access to loans for small businesses such as Alam’s. FMFB-A’s deputy of the operations department, Nawid Rahyab, says: “Banks used to have lots of challenges in issuing loans as there was no organized online structure for assessing and managing risks. However, now it is very easy to access information to assess and manage risks.” A key improvement was the establishment of the Collateral Registry (CR) and Public Credit Registry (PCR) systems, which has enabled FMFB-A to expedite the process of loan issuance, according to Rahyab. The core objectives and priorities of the CR and PCR systems are to provide secure loans and facilitate private sector access to much needed loans…
Date: April 2, 2015