How synthetic local currency bonds can transfer FX risk efficiently Executive Summary: This article discusses a novel structure, which allows to transfer currency risk from African borrowers to the…

De-risking is the decision to terminate a business relationship when the customer risk is considered more sensitive. This term is frequently used to refer to the withdrawal of international banks…

The digital gig economy in Africa has quickly gained prominence over time and continues to enhance opportunities for youth and women. Some of MSC’s recent research work in Kenya indicates increasing…

I once witnessed a women-led table banking group at the foot of Nandi Hills, Kenya and was impressed at how well they were organized. The women had graciously invited me alongside visiting partners…

The relationship between migration and development has, since the turn of the millennium, become part of mainstream development-policy thinking. One theme that has featured prominently in the…

The sub-prime crisis of summer 2007 led to an economic downturn that shook the financial sector worldwide. The global financial system’s fragility was, in part, attributed to Lehman Brothers’…

An e-money account is often the first and most frequently used financial product for low-income customers. As e-money continues to play a key financial inclusion role in emerging markets, policy…