This project will deliver on the economic priorities of the Federal Government of Somalia by supporting the World Bank’s Multi Partner Fund (MPF) to: 1. build more effective and efficient public institutions through support to Public Financial Management and Public Sector Management and 2. to improve the business enabling environment by building critical infrastructure, supporting the development of key sectors, helping create jobs and improving access to finance and training, with a focus on women and girls.
To improve access to financial services for the poor and marginalised groups and for micro and small enterprises in Pakistan
To provide access to poor people to a broad range of financial services such as payments, savings, loans, and insurance by continuing to support piloting new ideas and approaches, and to support technical assistance regulators and commercial players for enhancing industry knowledge and practice about business models, pricing and design of financial products. Access to these services enables consumers to acquire productive assets, invest in health and education and make other purchases that enrich their lives.
To enhance stability in the financial sector and expand access to financial services for the poor
To improve the provision of loans and other financial services for 8,000 small enterprises and 400,000 households in Nepal
To accelerate private investment and economic growth in Nepal by providing technical expertise to help Nepalese institutions develop major infrastructure; improve the business climate for domestic and foreign investors; improve the implementation of economic policy and test new approaches for local economic development. This will result in at least £600 million of private investment into growth-boosting sectors and a reduction by at least 10% in time or cost for at least five regulatory processes perceived as burdensome by the private sector.
Leverages the UK’s unique position as the world’s leading financial centre to increase access to finance for firms and individuals, promoting shared prosperity through inclusive economic growth overseas, and the development of new markets
This programme will support reforms to improve the economic and business environment in Zimbabwe, in order to unlock Zimbabwe’s prosperity potential. This will help reduce poverty in Zimbabwe through putting the country on a pathway to economic development and job creation. It will also benefit the UK through fostering trade and investment links
To improve economic management in target countries in the region by strengthening the ability of government institutions to implement economic reform plans effectively, which will, in turn, facilitate development and inclusive growth. Beneficiary countries include Eritrea, Ethiopia, Kenya, Malawi, Rwanda, Tanzania and Uganda. This programme also contributes to assisting these countries to progress towards achieving Sustainable Development Goal 16 (more effective and transparent institutions).
To support a deeper and more inclusive financial sector that supports the livelihoods and well-being of low income people in Rwanda. This will be done by: (1)Supporting the capacity and systems development of financial service providers that serve the poor, with a specific focus on automating the operations of Rwanda’s Umurenge Savings and Credit Cooperatives (SACCOs) and their connectivity to microfinancial institutions and commercial banks; (2) Supporting the flow of financial services to the agriculture sector; (3) Supporting the development of pensions for informal sector workers to promote long term savings; and (4) Supporting improved resilience to shocks whilst reducing the risks associated with productive investments through the utilisation of microinsurance. AFR targets to enhance livelihood opportunities for 1,670,000 poor women and men during the period 2016-2020.