Click here for a larger image The Payment Systems Worldwide Map includes country reports produced by a variety of international and/or national institutions and organizations. The World Bank, in cooperation with the Centre for Latin American Monetary Studies (CEMLA), is involved directly in the preparation of the “Yellow Books” for the countries of Latin America and the Caribbean as part of the Western Hemisphere Payments and Securities Settlement Forum. Recently, through the launching of the Commonwealth of Independent States Payment and Securities Settlement Initiative (CISPI) and the Arab Payments and Securities Settlement Initiative (API), the World Bank is also involved directly in the preparation of “Silver Books” and “White Books”, respectively. All other country reports are or have been produced by other organizations.
Payments and Securities Settlement Systems Activities
The World Bank has a highly experienced payment systems team which has supported comprehensive payment system reforms in more than 100 countries around the world. In practice, the Bank supports payment system reforms in several ways that can be summarized as follows: Supporting comprehensive initiatives (Algeria, Angola, Azerbaijan, Bahamas, Barbados, BCEAO, BCEAC, China, Ecuador, Tanzania, Trinidad and Tobago, Uzbekistan, Venezuela, Vietnam, West Bank Gaza, etc.) Undertaking initial diagnostics and developing reform strategies (Costa Rica, Dominican Republic, El Salvador, Guatemala, Haiti, Honduras, India, Indonesia, Jamaica, Libya, Madagascar, Morocco, OECS, Poland, Thailand, Tunisia, etc.) Providing specific technical advice (Brazil, Chile, Colombia, Estonia, Hong Kong, Mongolia, Moldova, Netherlands Antilles, Peru, Russia, Ukraine, etc.) Coordinating and managing multi-country and regional initiatives: Arab Payment and Securities Settlement Initiative (API), Central Bank of Central Africa (BCEAC), Central Bank of West Africa (BCEAO), Commonwealth of Independent States Initiative (CISPI), Southern African Development Community (SADC), Western Hemisphere Initiative (WHI). Supporting the launch of cooperative arrangements (e.g. National Payment Councils). Organizing training activities. Preparing support and educational materials including study methodologies. Conducting Research in innovative areas (e.g. Oversight). Preparing and publishing case studies. Participating in CPSS and IOSCO Task Force(s) and other influential bodies. Supporting the Financial Sector Assessment Program (FSAP) and developing its methodology for assessments of payments and securities settlement systems. Coordinating reform efforts with other areas in the financial sector network (e.g. credit reporting, access to financial services, capital markets).
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