The PSD Blog is going on an end-of-summer hiatus for the next two weeks. While we're away, check out our most popular posts from August if you missed them while at the beach:
access to finance
Over the last decade or so, the World Bank has made considerable investments in carrying out firm-level surveys that can be compared across countries and over time. What have we learned from all of this? Most obviously, we confirmed our suspicions that reforming the business environment, e.g. by reducing the barriers to entry, can boost productivity.
Over on the All About Finance blog, Bilal Zia provides a comprehensive roundup of what we know about the impact of financial literacy programs. As Zia points out, there are a lot of reasons to believe that financial literacy is important, but evaluations of financial literacy programs have so far produced lackluster results.
Apparently, Freedom from Hunger, the non-profit behind the End4Hunger campaign, didn't get the memo about making over-the-top claims on behalf of microcredit (let alone any type of aid). The ad below appeared in my Gmail account just a few hours ago.
Usually, the term 'G20' induces images of interminable meetings and high-minded but vaguely worded communiques. But the G20 is trying to get hip. It is sponsoring a competition to crowdsource ideas for one of the perennial problems of development (and one greatly exacerbated by the financial crisis) -- access to finance by SMEs. Here are the details: