Measuring the Performance and Achievement of Social Objectives of Development Finance Institutions
This paper develops and tests a proposed methodology that puts forward a new integrated method for evaluating the performance of development finance institutions. This methodology applies assessment criteria that take into account both the social o...
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| Format: | Policy Research Working Paper |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2008/02/8986954/measuring-performance-achievement-social-objectives-development-finance-institutions http://hdl.handle.net/10986/6366 |
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okr-10986-6366 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
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Digital Repositories |
| building |
World Bank Open Knowledge Repository |
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World Bank |
| language |
English |
| topic |
ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO INFORMATION ACCOUNTING ADMINISTRATIVE COST ADMINISTRATIVE COSTS ADVISORY SERVICES AGRICULTURAL ACTIVITIES AGRICULTURAL BANK AGRICULTURAL COOPERATIVES AGRICULTURAL CREDIT AGRICULTURAL DEVELOPMENT BANK ARREARS AUDITS BANK LENDING BANK POLICY BANKING INDUSTRY BANKING SERVICES BANKING SYSTEMS BANKS BENEFICIARIES BEST PRACTICES BONDS BORROWER BORROWING BUSINESS CYCLE BUSINESS PLAN BUSINESS SCHOOL CALCULATION CALCULATIONS CAPITAL ADEQUACY CAPITAL MARKET CAPITAL MARKETS COLLATERAL COMMERCIAL BANK COMMERCIAL BANKING COMMERCIAL BANKS CONSUMER CONSUMER LOAN CONSUMER LOANS CONTINGENCY CORRUPTION COST OF LOANS COST OF SUBSIDY CREDIT ALLOCATION CREDIT CARD CREDIT CONSTRAINTS CREDIT LINES CREDIT PROGRAMS CREDIT RATIONING CREDIT RISK CREDIT RISKS CREDITOR CUSTOMER BASE DEBTORS DELIVERY COST DELIVERY MECHANISM DEMAND FOR CREDIT DEPOSITS DEVELOPMENT BANK DEVELOPMENT BANKS DEVELOPMENT FINANCE DEVELOPMENT FINANCE INSTITUTION DEVELOPMENT FINANCE INSTITUTIONS DIRECT CREDIT DIRECTED CREDIT ECONOMIC ACTIVITIES ECONOMIC COST ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMIC POLICY ECONOMIC REFORM ECONOMIES OF SCALE EMPLOYEE ENTREPRENEURS FARMERS FEDERAL RESERVE FEDERAL RESERVE BANK FINANCES FINANCIAL ADVISORS FINANCIAL COSTS FINANCIAL CRISIS FINANCIAL DEPTH FINANCIAL DEVELOPMENT FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL PICTURE FINANCIAL PRODUCT FINANCIAL PRODUCTS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SELF-SUSTAINABILITY FINANCIAL SERVICES FINANCIAL SITUATION FINANCIAL SKILLS FINANCIAL SUSTAINABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FORM OF CREDIT GENDER GOVERNMENT FUNDING GOVERNMENT INTERVENTION GOVERNMENT INTERVENTIONS GOVERNMENT OWNERSHIP HOUSEHOLDS HOUSING LOANS INCOME INCOME GROUP INCOME GROUPS INEQUALITY INFLATION INFORMATION ASYMMETRY INFORMATION SYSTEM INFORMATION SYSTEMS INTEREST CHARGES INTEREST PAYMENT INTEREST RATE INTEREST RATE CEILINGS INTEREST RATES INTERNATIONAL BANK INVESTMENT CLIMATE INVESTMENT CLIMATE ASSESSMENT INVESTMENT RISKS LACK OF INFORMATION LAND OWNERSHIP LARGE FIRMS LENDER LENDERS LENDING PORTFOLIO LIQUIDATIONS LOAN LOAN PORTFOLIO LOAN PORTFOLIOS LOAN RECOVERY LOAN REPAYMENT LOAN SIZE LOAN SIZES LOW INTEREST RATES LOW-INCOME LOW-INCOME BORROWERS LOW-INCOME GROUP LOW-INCOME GROUPS LOW-INCOME INDIVIDUALS LOWER INCOME MEDIUM ENTERPRISES MERCHANTS MICRO-ENTERPRISES MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE LOANS MINORITY SHAREHOLDER MORAL HAZARD MORTGAGES NET WORTH OPERATING COSTS OPERATIONAL COSTS OPPORTUNITY COST OTHER ASSETS OUTREACH OUTSTANDING BALANCE OUTSTANDING LOAN PARTIAL CREDIT PERFORMANCE MEASUREMENT POOR CLIENTS PRIVATE BANKS PRIVATE FINANCIAL INSTITUTIONS PRIVATIZATION PRIVATIZATIONS PROFIT MARGIN PROFITABILITY PROVISION OF CREDIT PUBLIC AWARENESS PUBLIC BANKS PUBLIC DEBT PUBLIC ECONOMICS PUBLIC FUNDS PUBLIC GOOD PUBLIC POLICY REGULATORY STANDARDS RELATED COST RELATED COSTS REPAYMENT RESERVE BANK RESERVE REQUIREMENT RESERVE REQUIREMENTS RESOURCE ALLOCATION RETAIL BANK RISK PREMIUM RURAL BANKS RURAL FINANCE SAVINGS ACCOUNT SELF-SUFFICIENCY SMALL BUSINESSES SMALL FARMERS SOCIAL BANKING SOCIAL DEVELOPMENT SOCIAL WELFARE SUBSIDY COSTS TECHNICAL ASSISTANCE TERM CREDIT TERMS OF LOANS TOTAL COST TRANSACTION TRANSACTION COST TRANSACTION COSTS TRANSACTIONS COSTS TYPE OF COST TYPE OF LOAN TYPES OF LOANS UNIVERSAL ACCESS UNIVERSAL BANKING VALUABLE VILLAGE VOLATILE INCOME VOLUNTARY SAVINGS VOUCHER WELFARE STATE |
| spellingShingle |
ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO INFORMATION ACCOUNTING ADMINISTRATIVE COST ADMINISTRATIVE COSTS ADVISORY SERVICES AGRICULTURAL ACTIVITIES AGRICULTURAL BANK AGRICULTURAL COOPERATIVES AGRICULTURAL CREDIT AGRICULTURAL DEVELOPMENT BANK ARREARS AUDITS BANK LENDING BANK POLICY BANKING INDUSTRY BANKING SERVICES BANKING SYSTEMS BANKS BENEFICIARIES BEST PRACTICES BONDS BORROWER BORROWING BUSINESS CYCLE BUSINESS PLAN BUSINESS SCHOOL CALCULATION CALCULATIONS CAPITAL ADEQUACY CAPITAL MARKET CAPITAL MARKETS COLLATERAL COMMERCIAL BANK COMMERCIAL BANKING COMMERCIAL BANKS CONSUMER CONSUMER LOAN CONSUMER LOANS CONTINGENCY CORRUPTION COST OF LOANS COST OF SUBSIDY CREDIT ALLOCATION CREDIT CARD CREDIT CONSTRAINTS CREDIT LINES CREDIT PROGRAMS CREDIT RATIONING CREDIT RISK CREDIT RISKS CREDITOR CUSTOMER BASE DEBTORS DELIVERY COST DELIVERY MECHANISM DEMAND FOR CREDIT DEPOSITS DEVELOPMENT BANK DEVELOPMENT BANKS DEVELOPMENT FINANCE DEVELOPMENT FINANCE INSTITUTION DEVELOPMENT FINANCE INSTITUTIONS DIRECT CREDIT DIRECTED CREDIT ECONOMIC ACTIVITIES ECONOMIC COST ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMIC POLICY ECONOMIC REFORM ECONOMIES OF SCALE EMPLOYEE ENTREPRENEURS FARMERS FEDERAL RESERVE FEDERAL RESERVE BANK FINANCES FINANCIAL ADVISORS FINANCIAL COSTS FINANCIAL CRISIS FINANCIAL DEPTH FINANCIAL DEVELOPMENT FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL PICTURE FINANCIAL PRODUCT FINANCIAL PRODUCTS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SELF-SUSTAINABILITY FINANCIAL SERVICES FINANCIAL SITUATION FINANCIAL SKILLS FINANCIAL SUSTAINABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FORM OF CREDIT GENDER GOVERNMENT FUNDING GOVERNMENT INTERVENTION GOVERNMENT INTERVENTIONS GOVERNMENT OWNERSHIP HOUSEHOLDS HOUSING LOANS INCOME INCOME GROUP INCOME GROUPS INEQUALITY INFLATION INFORMATION ASYMMETRY INFORMATION SYSTEM INFORMATION SYSTEMS INTEREST CHARGES INTEREST PAYMENT INTEREST RATE INTEREST RATE CEILINGS INTEREST RATES INTERNATIONAL BANK INVESTMENT CLIMATE INVESTMENT CLIMATE ASSESSMENT INVESTMENT RISKS LACK OF INFORMATION LAND OWNERSHIP LARGE FIRMS LENDER LENDERS LENDING PORTFOLIO LIQUIDATIONS LOAN LOAN PORTFOLIO LOAN PORTFOLIOS LOAN RECOVERY LOAN REPAYMENT LOAN SIZE LOAN SIZES LOW INTEREST RATES LOW-INCOME LOW-INCOME BORROWERS LOW-INCOME GROUP LOW-INCOME GROUPS LOW-INCOME INDIVIDUALS LOWER INCOME MEDIUM ENTERPRISES MERCHANTS MICRO-ENTERPRISES MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE LOANS MINORITY SHAREHOLDER MORAL HAZARD MORTGAGES NET WORTH OPERATING COSTS OPERATIONAL COSTS OPPORTUNITY COST OTHER ASSETS OUTREACH OUTSTANDING BALANCE OUTSTANDING LOAN PARTIAL CREDIT PERFORMANCE MEASUREMENT POOR CLIENTS PRIVATE BANKS PRIVATE FINANCIAL INSTITUTIONS PRIVATIZATION PRIVATIZATIONS PROFIT MARGIN PROFITABILITY PROVISION OF CREDIT PUBLIC AWARENESS PUBLIC BANKS PUBLIC DEBT PUBLIC ECONOMICS PUBLIC FUNDS PUBLIC GOOD PUBLIC POLICY REGULATORY STANDARDS RELATED COST RELATED COSTS REPAYMENT RESERVE BANK RESERVE REQUIREMENT RESERVE REQUIREMENTS RESOURCE ALLOCATION RETAIL BANK RISK PREMIUM RURAL BANKS RURAL FINANCE SAVINGS ACCOUNT SELF-SUFFICIENCY SMALL BUSINESSES SMALL FARMERS SOCIAL BANKING SOCIAL DEVELOPMENT SOCIAL WELFARE SUBSIDY COSTS TECHNICAL ASSISTANCE TERM CREDIT TERMS OF LOANS TOTAL COST TRANSACTION TRANSACTION COST TRANSACTION COSTS TRANSACTIONS COSTS TYPE OF COST TYPE OF LOAN TYPES OF LOANS UNIVERSAL ACCESS UNIVERSAL BANKING VALUABLE VILLAGE VOLATILE INCOME VOLUNTARY SAVINGS VOUCHER WELFARE STATE Francisco, Manuela Mascaró, Yira Mendoza, Juan Carlos Yaron, Jacob Measuring the Performance and Achievement of Social Objectives of Development Finance Institutions |
| relation |
Policy Research Working Paper; No. 4506 |
| description |
This paper develops and tests a proposed
methodology that puts forward a new integrated method for
evaluating the performance of development finance
institutions. This methodology applies assessment criteria
that take into account both the social objective that the
development finance institution addresses and the subsidies
it received in order to achieve such an objective. This
methodology is applied to two pilot case studies-Banadesa
(Honduras) and Banrural (Guatemala). The authors calculate
the previously tested subsidy dependence index, which
measures the degree of an institution's subsidy
dependence. The paper develops and estimates a new
measure-the output index- which indicates the level to which
the institution fulfills the social objectives of the state.
The analysis integrates the subsidy dependence index and the
output index to assess the effectiveness associated with
meeting the social objective. The findings suggest that the
integration of the two indexes can constitute the basis of a
meaningful evaluation framework for the performance of
development finance institutions. This new methodology can
also be a useful metric for policy makers who are seeking to
decide on an optimal allocation of scarce funds for
development finance institutions that pursue social goals
and for management that seeks improved performance outcomes. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Francisco, Manuela Mascaró, Yira Mendoza, Juan Carlos Yaron, Jacob |
| author_facet |
Francisco, Manuela Mascaró, Yira Mendoza, Juan Carlos Yaron, Jacob |
| author_sort |
Francisco, Manuela |
| title |
Measuring the Performance and Achievement of Social Objectives of Development Finance Institutions |
| title_short |
Measuring the Performance and Achievement of Social Objectives of Development Finance Institutions |
| title_full |
Measuring the Performance and Achievement of Social Objectives of Development Finance Institutions |
| title_fullStr |
Measuring the Performance and Achievement of Social Objectives of Development Finance Institutions |
| title_full_unstemmed |
Measuring the Performance and Achievement of Social Objectives of Development Finance Institutions |
| title_sort |
measuring the performance and achievement of social objectives of development finance institutions |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2008/02/8986954/measuring-performance-achievement-social-objectives-development-finance-institutions http://hdl.handle.net/10986/6366 |
| _version_ |
1764400225260142592 |
| spelling |
okr-10986-63662021-04-23T14:02:31Z Measuring the Performance and Achievement of Social Objectives of Development Finance Institutions Francisco, Manuela Mascaró, Yira Mendoza, Juan Carlos Yaron, Jacob ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO INFORMATION ACCOUNTING ADMINISTRATIVE COST ADMINISTRATIVE COSTS ADVISORY SERVICES AGRICULTURAL ACTIVITIES AGRICULTURAL BANK AGRICULTURAL COOPERATIVES AGRICULTURAL CREDIT AGRICULTURAL DEVELOPMENT BANK ARREARS AUDITS BANK LENDING BANK POLICY BANKING INDUSTRY BANKING SERVICES BANKING SYSTEMS BANKS BENEFICIARIES BEST PRACTICES BONDS BORROWER BORROWING BUSINESS CYCLE BUSINESS PLAN BUSINESS SCHOOL CALCULATION CALCULATIONS CAPITAL ADEQUACY CAPITAL MARKET CAPITAL MARKETS COLLATERAL COMMERCIAL BANK COMMERCIAL BANKING COMMERCIAL BANKS CONSUMER CONSUMER LOAN CONSUMER LOANS CONTINGENCY CORRUPTION COST OF LOANS COST OF SUBSIDY CREDIT ALLOCATION CREDIT CARD CREDIT CONSTRAINTS CREDIT LINES CREDIT PROGRAMS CREDIT RATIONING CREDIT RISK CREDIT RISKS CREDITOR CUSTOMER BASE DEBTORS DELIVERY COST DELIVERY MECHANISM DEMAND FOR CREDIT DEPOSITS DEVELOPMENT BANK DEVELOPMENT BANKS DEVELOPMENT FINANCE DEVELOPMENT FINANCE INSTITUTION DEVELOPMENT FINANCE INSTITUTIONS DIRECT CREDIT DIRECTED CREDIT ECONOMIC ACTIVITIES ECONOMIC COST ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMIC POLICY ECONOMIC REFORM ECONOMIES OF SCALE EMPLOYEE ENTREPRENEURS FARMERS FEDERAL RESERVE FEDERAL RESERVE BANK FINANCES FINANCIAL ADVISORS FINANCIAL COSTS FINANCIAL CRISIS FINANCIAL DEPTH FINANCIAL DEVELOPMENT FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL PICTURE FINANCIAL PRODUCT FINANCIAL PRODUCTS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SELF-SUSTAINABILITY FINANCIAL SERVICES FINANCIAL SITUATION FINANCIAL SKILLS FINANCIAL SUSTAINABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FORM OF CREDIT GENDER GOVERNMENT FUNDING GOVERNMENT INTERVENTION GOVERNMENT INTERVENTIONS GOVERNMENT OWNERSHIP HOUSEHOLDS HOUSING LOANS INCOME INCOME GROUP INCOME GROUPS INEQUALITY INFLATION INFORMATION ASYMMETRY INFORMATION SYSTEM INFORMATION SYSTEMS INTEREST CHARGES INTEREST PAYMENT INTEREST RATE INTEREST RATE CEILINGS INTEREST RATES INTERNATIONAL BANK INVESTMENT CLIMATE INVESTMENT CLIMATE ASSESSMENT INVESTMENT RISKS LACK OF INFORMATION LAND OWNERSHIP LARGE FIRMS LENDER LENDERS LENDING PORTFOLIO LIQUIDATIONS LOAN LOAN PORTFOLIO LOAN PORTFOLIOS LOAN RECOVERY LOAN REPAYMENT LOAN SIZE LOAN SIZES LOW INTEREST RATES LOW-INCOME LOW-INCOME BORROWERS LOW-INCOME GROUP LOW-INCOME GROUPS LOW-INCOME INDIVIDUALS LOWER INCOME MEDIUM ENTERPRISES MERCHANTS MICRO-ENTERPRISES MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE LOANS MINORITY SHAREHOLDER MORAL HAZARD MORTGAGES NET WORTH OPERATING COSTS OPERATIONAL COSTS OPPORTUNITY COST OTHER ASSETS OUTREACH OUTSTANDING BALANCE OUTSTANDING LOAN PARTIAL CREDIT PERFORMANCE MEASUREMENT POOR CLIENTS PRIVATE BANKS PRIVATE FINANCIAL INSTITUTIONS PRIVATIZATION PRIVATIZATIONS PROFIT MARGIN PROFITABILITY PROVISION OF CREDIT PUBLIC AWARENESS PUBLIC BANKS PUBLIC DEBT PUBLIC ECONOMICS PUBLIC FUNDS PUBLIC GOOD PUBLIC POLICY REGULATORY STANDARDS RELATED COST RELATED COSTS REPAYMENT RESERVE BANK RESERVE REQUIREMENT RESERVE REQUIREMENTS RESOURCE ALLOCATION RETAIL BANK RISK PREMIUM RURAL BANKS RURAL FINANCE SAVINGS ACCOUNT SELF-SUFFICIENCY SMALL BUSINESSES SMALL FARMERS SOCIAL BANKING SOCIAL DEVELOPMENT SOCIAL WELFARE SUBSIDY COSTS TECHNICAL ASSISTANCE TERM CREDIT TERMS OF LOANS TOTAL COST TRANSACTION TRANSACTION COST TRANSACTION COSTS TRANSACTIONS COSTS TYPE OF COST TYPE OF LOAN TYPES OF LOANS UNIVERSAL ACCESS UNIVERSAL BANKING VALUABLE VILLAGE VOLATILE INCOME VOLUNTARY SAVINGS VOUCHER WELFARE STATE This paper develops and tests a proposed methodology that puts forward a new integrated method for evaluating the performance of development finance institutions. This methodology applies assessment criteria that take into account both the social objective that the development finance institution addresses and the subsidies it received in order to achieve such an objective. This methodology is applied to two pilot case studies-Banadesa (Honduras) and Banrural (Guatemala). The authors calculate the previously tested subsidy dependence index, which measures the degree of an institution's subsidy dependence. The paper develops and estimates a new measure-the output index- which indicates the level to which the institution fulfills the social objectives of the state. The analysis integrates the subsidy dependence index and the output index to assess the effectiveness associated with meeting the social objective. The findings suggest that the integration of the two indexes can constitute the basis of a meaningful evaluation framework for the performance of development finance institutions. This new methodology can also be a useful metric for policy makers who are seeking to decide on an optimal allocation of scarce funds for development finance institutions that pursue social goals and for management that seeks improved performance outcomes. 2012-05-24T17:57:51Z 2012-05-24T17:57:51Z 2008-02 http://documents.worldbank.org/curated/en/2008/02/8986954/measuring-performance-achievement-social-objectives-development-finance-institutions http://hdl.handle.net/10986/6366 English Policy Research Working Paper; No. 4506 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |