Malawi Diagnostic Review of Consumer Protection and Financial Literacy : Volume 1. Key Findings and Recommendations
According to FinScope surveys in 2008 and 2014, the number of financially included adult Malawians grew from 45 percent to 49 percent, and the proportion of adults using formal banking services expanded from 19 percent to 27 percent. These signific...
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| Format: | Report |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/998421483597401139/Key-findings-and-recommendations http://hdl.handle.net/10986/25891 |
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okr-10986-258912021-04-23T14:04:32Z Malawi Diagnostic Review of Consumer Protection and Financial Literacy : Volume 1. Key Findings and Recommendations World Bank financial literacy financial consumer protection financial disclosure regulation dispute resolution legal framework banking insurance access to finance According to FinScope surveys in 2008 and 2014, the number of financially included adult Malawians grew from 45 percent to 49 percent, and the proportion of adults using formal banking services expanded from 19 percent to 27 percent. These significant improvements were achieved based on Malawi’s financial sector development strategy for 2010-2015 that identified consumer protection and financial literacy as priorities in developing a financial sector that supports inclusive and sustainable growth. In 2012 the World Bank conducted a diagnostic review in Malawi that aimed to highlight the progress made, compare Malawi’s legal and institutional frameworks with international benchmarks, and provide a series of concrete recommendations. Although key initial steps have been taken in financial consumer protection, especially at the institutional level, Malawi is still at an early stage of development in this area, based on international good practices. Volume 1 of this report focuses on key findings and recommendations from the review. Volume 2 presents a detailed assessment of each financial segment compared to the good practices. It also includes annexes that analyze and provides recommendations on credit reporting, mobile banking services and private pension funds, and a description of the overall legal and institutional frameworks for financial consumer protection in Malawi. 2017-01-23T19:56:25Z 2017-01-23T19:56:25Z 2012-05 Report http://documents.worldbank.org/curated/en/998421483597401139/Key-findings-and-recommendations http://hdl.handle.net/10986/25891 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Other Financial Accountability Study Economic & Sector Work Africa Malawi |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
financial literacy financial consumer protection financial disclosure regulation dispute resolution legal framework banking insurance access to finance |
| spellingShingle |
financial literacy financial consumer protection financial disclosure regulation dispute resolution legal framework banking insurance access to finance World Bank Malawi Diagnostic Review of Consumer Protection and Financial Literacy : Volume 1. Key Findings and Recommendations |
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Africa Malawi |
| description |
According to FinScope surveys in 2008
and 2014, the number of financially included adult Malawians
grew from 45 percent to 49 percent, and the proportion of
adults using formal banking services expanded from 19
percent to 27 percent. These significant improvements were
achieved based on Malawi’s financial sector development
strategy for 2010-2015 that identified consumer protection
and financial literacy as priorities in developing a
financial sector that supports inclusive and sustainable
growth. In 2012 the World Bank conducted a diagnostic review
in Malawi that aimed to highlight the progress made, compare
Malawi’s legal and institutional frameworks with
international benchmarks, and provide a series of concrete
recommendations. Although key initial steps have been taken
in financial consumer protection, especially at the
institutional level, Malawi is still at an early stage of
development in this area, based on international good
practices. Volume 1 of this report focuses on key findings
and recommendations from the review. Volume 2 presents a
detailed assessment of each financial segment compared to
the good practices. It also includes annexes that analyze
and provides recommendations on credit reporting, mobile
banking services and private pension funds, and a
description of the overall legal and institutional
frameworks for financial consumer protection in Malawi. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Malawi Diagnostic Review of Consumer Protection and Financial Literacy : Volume 1. Key Findings and Recommendations |
| title_short |
Malawi Diagnostic Review of Consumer Protection and Financial Literacy : Volume 1. Key Findings and Recommendations |
| title_full |
Malawi Diagnostic Review of Consumer Protection and Financial Literacy : Volume 1. Key Findings and Recommendations |
| title_fullStr |
Malawi Diagnostic Review of Consumer Protection and Financial Literacy : Volume 1. Key Findings and Recommendations |
| title_full_unstemmed |
Malawi Diagnostic Review of Consumer Protection and Financial Literacy : Volume 1. Key Findings and Recommendations |
| title_sort |
malawi diagnostic review of consumer protection and financial literacy : volume 1. key findings and recommendations |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/998421483597401139/Key-findings-and-recommendations http://hdl.handle.net/10986/25891 |
| _version_ |
1764460347168653312 |