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Creating opportunity for jobs, growth and reducing poverty

How do the poor hope to escape from poverty? The World Bank’s landmark 2000 report Voices of the Poor gives an unequivocal answer: above all, the poor pin their hopes for escape from poverty on income from employment in their own businesses or on wages earned through employment.

The best hope for business and job creation comes from a thriving private sector.

Government policies have a decisive impact on shaping the business environment for the private sector. The international development community can best support government policies for the business environment in five key areas, which are the focus of the Financial and Private Sector Development Vice Presidency:

  • Developing a regulatory environment that fosters opportunities for entrepreneurship and job creation

  • Facilitating access to a broad range of financial services—for firms and for households

  • Mobilizing the private sector to offer better services, such as housing finance and insurance, to the poor as consumers

  • Supporting developing countries build robust financial systems that are resilient to shocks

  • Measuring the development results of the World Bank Group’s private sector activities and helping to advance results measurement in the development community

Financial and Private Sector Development is a joint World Bank and IFC Vice Presidency tasked with ensuring effective coordination between staff, business models, and related multi-donor facilities.



Featured Publications

Working Group on Basel III Implementation in Emerging Europe
Working Group on NPLs in Central, Eastern and Southeastern Europe
Doing BusinessDoing Business: Measuring business regulations
Global investment benchmarkingGlobal Investment Promotion Benchmarking 2009 
Money Laundering» Financial Market Integrity Publications

mobile money

Protecting Mobile Money against Financial Crimes

EMDEs report by FSB, IMF and the WB

Financial Stability Issues in Emerging Market and Developing Economies
Banks and securitiesThe Evolving Importance of Banks and Securities Markets
resolution toolkitSimple Tools to Assist in the Resolution of Troubled Banks
Payment systems

» Payment Systems Publications
» Remittance Publications

Principles on Credit ReportingGeneral Principles for Credit Reporting
Primer Series on Insurance
GDF 2008

Global Development Finance 2009