Impact Assessments in Finance and Private Sector Development : What Have We Learned and What Should We Learn?

Until recently rigorous impact evaluations have been rare in the area of finance and private sector development. One reason for this is the perception that many policies and projects in this area lend themselves less to formal evaluations. However, a vanguard of new impact evaluations on areas as diverse as fostering microenterprise growth, microfinance, rainfall insurance, and regulatory reform demonstrates that in many circumstances serious evaluation is possible. The purpose of this paper is to synthesize and distil the policy and implementation lessons emerging from these studies, use them to demonstrate the feasibility of impact evaluations in a broader array of topics, and thereby help prompt new impact evaluations for projects going forward.

Bibliographic Details

Main Author:	McKenzie, David
Format:	Policy Research Working Paper biblioteca
Language:	English
Published:	2009-05-01
Subjects:	ACCESS TO CREDIT, ACCESS TO FINANCE, ACCESSIBILITY, ADMINISTRATIVE DATA, ADMINISTRATIVE RECORDS, ADVISORY SERVICES, APR, BANK ACCOUNT, BANK ACCOUNTS, BANK POLICY, BANKRUPTCY, BANKS, BENEFICIARIES, BEST PRACTICES, BRANCH, BRANCHES, BUSINESS ASSOCIATIONS, BUSINESS CAPITAL, BUSINESS DEVELOPMENT, BUSINESS DEVELOPMENT SERVICES, BUSINESS FORMATION, BUSINESS OWNERS, BUSINESS TRAINING, CALCULATIONS, CAPITAL INVESTMENT, CAPITAL REQUIREMENT, CAPITAL STOCK, CASH PAYMENTS, CASH TRANSFERS, CHECKS, COLLATERAL, COMMODITY, COMMODITY RISK MANAGEMENT, CONSUMER, CONSUMER CREDIT, CONSUMER LOANS, CONSUMER PROTECTION, CONSUMERS, CREDIT ACCESS, CREDIT BUREAU, CREDIT BUREAUS, CREDIT CONSTRAINTS, CREDIT GUARANTEE, CREDIT GUARANTEES, CREDIT MARKET, CREDIT MARKET FAILURES, CREDIT MARKETS, CREDIT POLICIES, CREDIT PROGRAMS, CREDIT RECORDS, CREDIT TRANSACTIONS, DEBTS, DEFAULT RATES, DEMOGRAPHIC GROUPS, DEVELOPING COUNTRIES, DEVELOPMENT BANK, DISABLED, DISASTER RECOVERY, DISPUTE RESOLUTION, ECONOMETRICS, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, EMPLOYMENT GROWTH, ENTREPRENEURIAL ABILITY, ENTREPRENEURIAL ACTIVITY, ENTREPRENEURSHIP, EQUIPMENT, EXCLUSION, EXPANSION, FARMER, FARMERS, FEDERAL AGENCY, FEMALE BORROWERS, FINANCIAL CRISIS, FINANCIAL ECONOMISTS, FINANCIAL EDUCATION, FINANCIAL INSTITUTIONS, FINANCIAL LITERACY, FINANCIAL LITERACY PROGRAMS, FINANCIAL LITERACY TRAINING, FINANCIAL STUDIES, FINANCIAL SUPPORT, FIRM SIZE, FIRMS, GENDER, GENDER DIFFERENCES, GENERAL POPULATION, GREATER ACCESS, GROUP LENDING, GROUPS OF CONSUMERS, HIGH INTEREST RATE, HIGH INTEREST RATES, HOUSEHOLD WELFARE, HOUSEHOLDS, INCOME GROWTH, INCOMES, INDIVIDUAL LOAN, INDIVIDUAL LOANS, INFORMATION ASYMMETRIES, INSTRUMENT, INSURANCE, INSURANCE MARKET, INSURANCE PREMIUM, INSURANCE PRODUCT, INSURANCE PRODUCTS, INTEREST RATE, INTEREST RATES, INTERNATIONAL BANK, INTERNATIONAL FINANCIAL INSTITUTIONS, JOINT LIABILITY, KEY CHALLENGES, KNOWLEDGE GAP, LABOR FORCE, LABOR MARKET, LACK OF CAPITAL, LAWS, LEGISLATION, LENDER, LENDING POLICIES, LIQUIDATION, LIQUIDITY, LIQUIDITY CONSTRAINTS, LOAN, LOAN CLIENTS, LOAN PERIODS, LOAN PRODUCT, LOAN PROGRAM, LOW INTEREST RATES, LOWER INTEREST RATES, MARKET FAILURE, MARKET INFORMATION, MARKET INTEREST RATES, MARKET REFORMS, MARKETING, MARKETING EFFORTS, MEDIUM ENTERPRISES, MICROCREDIT, MICRODATA, MICROENTERPRISES, MICROFINANCE, MICROFINANCE CLIENTS, MICROFINANCE INSTITUTIONS, MICROFINANCE ORGANIZATIONS, MICROFINANCE SECTOR, MINIMUM CAPITAL REQUIREMENT, MORAL HAZARD, MUNICIPALITIES, NATURAL DISASTER, NEGATIVE SHOCKS, NEW COMPANY, OLDER WORKERS, OUTSTANDING LOANS, PARTY, PAYMENT SCHEDULES, POLICY DESIGN, POLITICAL ECONOMY, POVERTY ALLEVIATION, PRIORITY LENDING, PROBABILITY, PROFITABILITY, PROFITABLE INVESTMENTS, RECEIPT, REGULATORY REFORM, REGULATORY REFORMS, REORGANIZATION, REPAYMENT, REPAYMENT RATES, RETURN, RETURNS, RISK AVERSION, RISK MANAGEMENT, RISK MITIGATION, SALES, SALES GROWTH, SEES, SELF-EMPLOYMENT, SEVERANCE PAY, SMALL BUSINESS, SMALL BUSINESS OWNERS, SMALL FIRMS, SMALLHOLDERS, SME, SME LENDING, SME SECTOR, SOCIAL PROTECTION, SOCIAL SECURITY, SOURCE OF INCOME, START-UPS, STATE UNIVERSITY, STORE, TAKE-UP RATE, TAKE-UP RATES, TECHNICAL ASSISTANCE, TERMINATION, TERRORISM, TRADE CREDIT, TRAINING PROGRAM, TRAINING PROGRAMS, TRANSACTION, VILLAGE, VILLAGES, VULNERABLE GROUPS, WAGE, WAGES, WORKING CAPITAL,
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090527130847 http://hdl.handle.net/10986/4137
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