Resilient, transparent and smooth-functioning financial systems and capital markets contribute to financial impact of information technology on banking sector pdf, job growth and poverty alleviation. Financial stability helps households find jobs and earn incomes, save and invest money, and build financial and human capital.
With 189 member countries, staff from more 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. The World Bank Group works in every major area of development. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress.
To strengthen financial stability and build countries’ capacity for crisis management, WBG works with governments and the private sector. Sound financial systems underpin economic growth and development, and are crucial to the World Bank Group’s mission of alleviating poverty and boosting shared prosperity. The FSAP provides a comprehensive framework through which assessors and authorities in participating countries can identify financial system vulnerabilities and develop appropriate policy responses. It’s a joint World Bank-IMF program. Attracting private sector finance to help cover huge financing gaps is necessary to help the world meet global goals. The World Bank Group, All Rights Reserved.