In the past decade, the Islamic finance industry has grown at double digits despite the weak global economic environment. By 2020, the Islamic finance industry is projected to reach $3 trillion in…

José de Luna-Martínez, Sergio Campillo Diaz |

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 |

Por primera vez en la historia, la cantidad de personas que viven en extrema pobreza ha bajado a menos del 10 %. El mundo nunca ha tenido metas tan ambiciosas en materia de desarrollo como sucede…

Sri Mulyani Indrawati |

For the first time in history, the number of people living in extreme poverty has fallen below 10%. The world has never been as ambitious about development as it is today. After adopting the…

Sri Mulyani Indrawati |

للمرة الأولى في التاريخ ينخفض عدد من يعيشون في فقر مدقع إلى أقل من 10 في المائة. ولم يكن العالم بمثل هذا الطموح بشأن التنمية كما هو عليه اليوم. فبعد اعتماد الأهداف الإنمائية المستدامة وتوقيع اتفاق…

سري مولياني إندراواتي |

  To function properly, a financial system needs to have two doors in place: an “entry” and an “exit”. The first one enables qualified local or foreign institutions to enter the marketplace to…

José de Luna-Martínez |

Globally, around 2 billion people do not use formal financial services. In Southeast Asia, there are 264 million adults who are still “unbanked”; many of them save their money under the mattress…

José de Luna-Martínez |

Everyone agrees that enhanced transparency—on payments, revenues, royalties and taxes—is essential to success in developing countries to turn earnings from oil, gas and mining into economic growth…

Kelly Alderson |

Those unfamiliar with the fast growing emerging economies of East Asia are likely to think that governments in these countries let market forces and capitalism roam free, red in tooth and claw.…

Truman Packard |

Part of the World Bank’s new vision is to step up its efforts to help fragile and conflict-afflicted states break the vicious cycle of poverty. But this is no easy task.   The destruction of…

Massimiliano Calì |