Apexes : An Important Source of Local Funding
Apexes are an important source of local funding for microfinance-and even more so since the global financial crisis. Well over US$2 billion per year of public money is being disbursed globally to microfinance through apex funds or local wholesale f...
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| Format: | Brief |
| Language: | English |
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Washington, DC: World Bank
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2010/03/12821139/apexes-important-source-local-funding http://hdl.handle.net/10986/9461 |
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okr-10986-94612021-04-23T14:02:45Z Apexes : An Important Source of Local Funding Duflos, Eric El-Zoghbi, Mayada APEX APEX INSTITUTION CGAP COMMERCIAL BANKS COMMERCIAL FUNDING COMMERCIAL INVESTORS DEBT DEVELOPMENT BANK DEVELOPMENT BANKS DEVELOPMENT FINANCE DISBURSEMENT DISBURSEMENTS EXCHANGE RATE FINANCIAL CRISIS FINANCIAL MARKETS FINANCIAL SECTOR FOREIGN EXCHANGE GOVERNANCE ISSUES HOST GOVERNMENT HOST GOVERNMENTS INTEREST RATE INTERNATIONAL INVESTORS INVESTMENT VEHICLES LIQUIDITY LOCAL CURRENCY MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE MARKETS MICROFINANCE SECTOR NATIONAL BANK NONGOVERNMENTAL ORGANIZATIONS POOL OF FUNDS PORTFOLIO PORTFOLIOS PRIVATE COMMERCIAL BANKS PUBLIC FUNDS RESERVE RESERVE BANK STATE BANK TECHNICAL ASSISTANCE TRANSPARENCY WHOLESALE FUND WHOLESALE FUNDING Apexes are an important source of local funding for microfinance-and even more so since the global financial crisis. Well over US$2 billion per year of public money is being disbursed globally to microfinance through apex funds or local wholesale facilities. The funds are then disbursed by apexes to microfinance institutions (MFIs) mostly as subsidized loans, but occasionally as grants. The funding provided by apexes to MFIs is almost as much as the disbursements that donors and investors made to the entire microfinance sector in 2007, which was about US$2.5 billion. These large sums demonstrate the importance of apexes as vehicles to channel public money into microfinance. 2012-08-13T08:39:26Z 2012-08-13T08:39:26Z 2010-03 http://documents.worldbank.org/curated/en/2010/03/12821139/apexes-important-source-local-funding http://hdl.handle.net/10986/9461 English CGAP Brief CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC: World Bank Publications & Research :: Brief Publications & Research |
| repository_type |
Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
APEX APEX INSTITUTION CGAP COMMERCIAL BANKS COMMERCIAL FUNDING COMMERCIAL INVESTORS DEBT DEVELOPMENT BANK DEVELOPMENT BANKS DEVELOPMENT FINANCE DISBURSEMENT DISBURSEMENTS EXCHANGE RATE FINANCIAL CRISIS FINANCIAL MARKETS FINANCIAL SECTOR FOREIGN EXCHANGE GOVERNANCE ISSUES HOST GOVERNMENT HOST GOVERNMENTS INTEREST RATE INTERNATIONAL INVESTORS INVESTMENT VEHICLES LIQUIDITY LOCAL CURRENCY MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE MARKETS MICROFINANCE SECTOR NATIONAL BANK NONGOVERNMENTAL ORGANIZATIONS POOL OF FUNDS PORTFOLIO PORTFOLIOS PRIVATE COMMERCIAL BANKS PUBLIC FUNDS RESERVE RESERVE BANK STATE BANK TECHNICAL ASSISTANCE TRANSPARENCY WHOLESALE FUND WHOLESALE FUNDING |
| spellingShingle |
APEX APEX INSTITUTION CGAP COMMERCIAL BANKS COMMERCIAL FUNDING COMMERCIAL INVESTORS DEBT DEVELOPMENT BANK DEVELOPMENT BANKS DEVELOPMENT FINANCE DISBURSEMENT DISBURSEMENTS EXCHANGE RATE FINANCIAL CRISIS FINANCIAL MARKETS FINANCIAL SECTOR FOREIGN EXCHANGE GOVERNANCE ISSUES HOST GOVERNMENT HOST GOVERNMENTS INTEREST RATE INTERNATIONAL INVESTORS INVESTMENT VEHICLES LIQUIDITY LOCAL CURRENCY MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE MARKETS MICROFINANCE SECTOR NATIONAL BANK NONGOVERNMENTAL ORGANIZATIONS POOL OF FUNDS PORTFOLIO PORTFOLIOS PRIVATE COMMERCIAL BANKS PUBLIC FUNDS RESERVE RESERVE BANK STATE BANK TECHNICAL ASSISTANCE TRANSPARENCY WHOLESALE FUND WHOLESALE FUNDING Duflos, Eric El-Zoghbi, Mayada Apexes : An Important Source of Local Funding |
| relation |
CGAP Brief |
| description |
Apexes are an important source of local
funding for microfinance-and even more so since the global
financial crisis. Well over US$2 billion per year of public
money is being disbursed globally to microfinance through
apex funds or local wholesale facilities. The funds are then
disbursed by apexes to microfinance institutions (MFIs)
mostly as subsidized loans, but occasionally as grants. The
funding provided by apexes to MFIs is almost as much as the
disbursements that donors and investors made to the entire
microfinance sector in 2007, which was about US$2.5 billion.
These large sums demonstrate the importance of apexes as
vehicles to channel public money into microfinance. |
| format |
Publications & Research :: Brief |
| author |
Duflos, Eric El-Zoghbi, Mayada |
| author_facet |
Duflos, Eric El-Zoghbi, Mayada |
| author_sort |
Duflos, Eric |
| title |
Apexes : An Important Source of Local Funding |
| title_short |
Apexes : An Important Source of Local Funding |
| title_full |
Apexes : An Important Source of Local Funding |
| title_fullStr |
Apexes : An Important Source of Local Funding |
| title_full_unstemmed |
Apexes : An Important Source of Local Funding |
| title_sort |
apexes : an important source of local funding |
| publisher |
Washington, DC: World Bank |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2010/03/12821139/apexes-important-source-local-funding http://hdl.handle.net/10986/9461 |
| _version_ |
1764409440878985216 |