Financial Sector Policy

Ensuring robust financial sector development with the minimum of crises is essential for growth and poverty reduction. Globalization poses new challenges to the design of the financial sector, potentially replacing domestic with international providers of some of these services, and limiting the role that government can play—while making their remaining tasks more difficult. The importance of getting financial policy decisions right has emerged as one of the central development challenges of the new century. The World Bank policy efforts seeks to provide a coherent approach to financial sector design.