Policymakers often associate competitiveness with real exchange rates. Not too long ago, firms in Southern European countries attributed their difficulties to compete in global markets with a…

Gonzalo Varela, Stefania Lovo |

Will cash and checks still exist 15 or 20 years from now given the increasing digitization of money? Is the smartphone our new bank? Will many people working in the financial sector industry lose…

José de Luna-Martínez, Wei Zhang |

An Afghan woman uses her skills to make artificial flowers for sell. Photo Credit: Rumi Consultancy/ World Bank. Earlier this year, I visited a meeting of a Village Savings and Loan Association in…

Mohammad Shafi Rahimi |

Photo credit: Katie O’Gara Ethiopia, the single largest African coffee producer and the world’s fifth largest, is commonly considered to be the birthplace of coffee.  It’s hardly a surprise that…

Ellysar Baroudy, Dan Radack |

To reinvigorate growth in Europe, European Central Bank President Mario Draghi called for more common projects in the European Union (EU). And he emphasized that these efforts need to meet a set…

Doerte Doemeland, Arup Banerji, Sanja Madzarevic-Sujster |

Did you know that in Kenya less than 15% of the population is covered with old age security? This means that many Kenyans are facing a vulnerability of retiring into poverty. But this is not…

Rose Kwena |

Financial technology — or FinTech — is changing the financial sector on a global scale. It is also enabling the expansion of financial services to low-income families who have been unable to…

Joaquim Levy |

Giant leaps in financial inclusion driven by private sector innovation and supportive regulation have made Kenya a case study in financial sector development. A new book brings together a group of…

Michael King, Amrik Heyer |