Financial Sector Development
Research suggests that financial sector development plays a significant role in economic development and political stability. WH has taken Financial Sector Development (FSD) a step further as we strive to create a sustainable FSD model. Our FSD practice covers sectors encompassing banks, stock exchanges, insurers, national pension plans, credit unions, microfinance institutions and moneylenders.
In its FSD practice, WH focuses on 5 key areas:
- Establishing robust financial policies and regulatory framework
- Enabling and broadening access to financial services for the poor and vulnerable groups
- Facilitating risk management by reducing developing countries’ ( more precisely the poor and vulnerable groups’) vulnerability to shocks, and raising investment and productivity that generates higher income
- Assisting the growth of small and medium-sized enterprises (SMEs) by giving them access to financial services
- Measuring financial development to evaluate the progress of financial sector development and understand the corresponding impact on economic growth and poverty reduction.