Anoma Kulathunga – Författare

Utilizing standardized indicators from 2001 to 2008, 'Getting Finance in South Asia 2010' analyzes the financial performance and soundness of commercial banks in eight South Asian countries: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. While the indicators cannot predict the onset of a financial crisis, their analysis has identified specific weaknesses in regional financial sectors that should be addressed by the supervisory authorities. In this current edition of the annual 'Getting Finance' publication, two new development dimensions -- payment systems developments and savings mobilization -- have been added to the six dimensions covered in the previous edition: access to finance, performance and efficiency, financial stability, market concentration and competitiveness, capital market development, and corporate governance. This edition also expands the country coverage to include Afghanistan, Bhutan and Maldives. New benchmark countries have also been added, including emerging countries from outside OECD.In addition to analyzing the 'Getting Finance' indicators, the book also discusses the challenges facing South Asian banks and the impact of the global financial crisis on their operations. The new material in this edition enables readers to have a more holistic perspective of the indicators in South Asia and a better understanding of the financial systems in the region. 'Getting Finance Indicators 2010' reaffirms the World Bank's commitment to working with developing member countries to promote financial sector development and create financial systems that are sound, stable, supportive of growth and responsive to people's needs.

The purpose of this study is to gather a broad spectrum of remittance data related to Uganda and the three remittance corridors and compile such information in a comprehensive report with a view to sharing knowledge and expertise. In addition to knowledge sharing, it is expected that the information and findings in this report will assist the authorities in developing the Ugandan remittance market and mitigating related risks. Being the first Bilateral Remittance Corridor Analysis (BRCA) report to be conducted with the partnership of a local authority adds to the significance of the endeavor. This report comprises five chapters with supporting annexes. The first chapter is a introductory chapter continues with data showing remittance trends from a global perspective and in Sub-Saharan Africa and their comparison with those of Uganda. Chapter two analyzes and compares the three remittance-sending countries in terms of remittance flows, remittance mechanisms and related costs, and regulations. Chapter three focuses onUganda as a remittance-receiving country, describing the remittance flows, market players, distribution network, access. Chapter four summarizes the main findings and observations. This report presents policy recommendations for Uganda as well as for remittance-sending countries in the final chapter.

H.M. Queen Máxima of the Netherlands, United Nations Secretary-General's Special Advocate for Inclusive Finance for Development stated that 'the impact of helping migrants and their families will be lasting and global if we link remittances to other financial services and make them more affordable and more relevant to their needs.'Remittances are a critical source of financing for most developing countries. The importance of remittances goes beyond numbers. For many households in developing countries, they are probably the most stable source of primary or additional income.At the same time, the September 11, 2001, terrorist attacks exposed the use and abuse of remittance channels for financing terrorism. In response to this threat, the international community issued new international anti-money laundering/combating the financing of terrorism (AML/CFT) standards on remittance transfers and their service providers. For the first time, remittance service providers were required to be brought under the government oversight and either registered with or licensed by a competent authority, and to be subject to AML/CFT obligations.While the FATF Recommendations appear straightforward on paper, regulating and supervising in practice the money transfer business has proved to be a very challenging task in both developed and developing countries.This book assists policy makers, regulators, and supervisors of money transfer businesses to craft effective regulatory and supervisory frameworks governing remittances that meet international AML/CFT standards, while at the same time ensuring that the neediest have access to these crucial services.