SlideShare a Scribd company logo
WBG Support for Housing Finance
0
500
1000
1500
2000
2500
0
20
40
60
80
100
120
FY05-FY07 FY08-FY10 FY11-FY13 FY13-16
WBG support to Housing
No. Projects By Volume
28%
9%
2%
60%
5%
40%
30%
59%
Understanding market conditions and the existing gap has proven crucial to project
design and targeting.
In the case of Vietnam, the World Bank Group provided a local currency credit line
of $50 million to a commercial bank that was based on the use of along-term cross
currency swap.
The use of swaps was inadequate in Vietnam, where a real market for such
swaps does not exist and the financial system essentially operates on a short-
term basis.
There are preconditions that have to be in place for a housing market to succeed.
- Avoidance of severe inflation rates
- Existence of a sound regulatory and policy framework
- Presence of financial infrastructure
- Adequate risk assessment and management
- Competitive lending
In the West Bank & Gaza, the IFC supported the establishment of a mortgage
institution when there was an unresolved land ownership issue that needed to
be addressed first.
We live in an imperfect world and preconditions are not always there. When this
happens timing and sequencing interventions adequately is what matters.
• In Colombia, IFC and the world Bank helped the government develop a new
housing law,
• the law contained the regulatory framework for asset securitization,
• then, the IFC supported the creation of a securitization company.
• India, is also a case where timing and sequencing was important to expand low
income housing.
• The World Bank Group first supported analytical work, which was followed by
World Bank technical assistance to strengthen the capacity of the national
housing bank and IFC technical assistance to strengthen capacity of housing
finance companies and microfinance institutions.
• IFC investments And WBG support is ongoing.
Gaining the commitment of key players is also vital.
In Morocco, for example, the government and World Bank succeeded in sustaining
a low-income housing program, primarily because there was strong commitment
on the part of key actors within the country.
•
•
•
NBFI’s
Mexico India
NBFIs were unsuccessful in Mexico:
• Due to overdependence on capital
markets for funding,
• poor government oversight, lack of
prudential regulation, excessive risk taking,
• and competitive pressures.
In India, they were/are more resilient:
• Diverse mix of funding
• Adequate prudential regulations
• Lending conservatively
Securitizations
Colombia Peru
• The country had a relatively
developed government bond market
and lenders with a clear need for
capital relief.
• As the country was emerging from a
financial crisis, the bank owners of the
company securitized assets were
eager to move assets off balance
sheet.
• The shareholder banks were not
interested in securitizing any
mortgage loans given the liquidity in
the market and cheaper alternative
sources of funding.
• Lenders had enough liquidity and no
need for credit relief.
Liquidity facilities
Jordan Egypt
• The country had a small but liquid bond
markets and mortgage lenders in need
for long-term finance.
• At time of evaluation the number of
lenders increased from 1 to 10 from 6
to 12-15 years.
• Mortgage loans went from 2.5% to 7%.
• The facility was able to develop the
mortgage market.
• The market grew significantly from 10
million to 740 million by project closure.
• But hasn’t been able to issue bonds as
institutional investors seem reluctant to
invest in non government debt.
• Situation has worsened with
macroeconomic instability and the
appearance of a new government
program raising issues of sustainability.
•
–
•
–
Housing
Finance
•
•
•
•
https://ieg.worldbank.org/Data/rep
orts/chapters/financialinclusion.pdf
Access the report here.
Bridging the Gap: How to Finance Universal Access to Housing by 2030

More Related Content

What's hot

Development finance in the post 2015 context
Development finance in the post 2015 contextDevelopment finance in the post 2015 context
Development finance in the post 2015 context
European Centre for Development Policy Management (ECDPM)
 
Alhuda CIBE -Case Study for Microfinance Sector by Salman Syed Ali
Alhuda CIBE -Case Study for Microfinance Sector by Salman Syed AliAlhuda CIBE -Case Study for Microfinance Sector by Salman Syed Ali
Alhuda CIBE -Case Study for Microfinance Sector by Salman Syed Ali
Alhuda Centre of Islamic Banking & Economics
 
Ffc new development bank and cra sc short-ver_finance_27may2015
Ffc   new development bank and cra sc short-ver_finance_27may2015Ffc   new development bank and cra sc short-ver_finance_27may2015
Ffc new development bank and cra sc short-ver_finance_27may2015
Robust Marketing & Consulting (Pty) Ltd
 
Session 6 - Presentation by Frank van Lerven, New Economics Foundation
Session 6 - Presentation by Frank van Lerven, New Economics FoundationSession 6 - Presentation by Frank van Lerven, New Economics Foundation
Session 6 - Presentation by Frank van Lerven, New Economics Foundation
OECD Environment
 
OECD Financing for Sustainable Development
OECD Financing for Sustainable Development OECD Financing for Sustainable Development
OECD Financing for Sustainable Development
Development Co-operation Directorate (DCD-DAC)
 
Sustainability and investor awareness 28022014
Sustainability and investor awareness 28022014Sustainability and investor awareness 28022014
Sustainability and investor awareness 28022014
BFSICM
 
Chapter (25).
Chapter (25).Chapter (25).
Chapter (25).
Dr. Muath Asmar
 
Future of development aid
Future of development aidFuture of development aid
Future of development aid
Rahul Bhargava
 
David fulton
David fultonDavid fulton
David fulton
Janee Pierre-Louis
 
Mohammad.fheili shadow banking
Mohammad.fheili shadow bankingMohammad.fheili shadow banking
Mohammad.fheili shadow banking
Mohammad Ibrahim Fheili
 
Fi strategies-reference framework-final-aug2012
Fi strategies-reference framework-final-aug2012Fi strategies-reference framework-final-aug2012
Fi strategies-reference framework-final-aug2012
Dr Lendy Spires
 
Financing for Development
Financing for DevelopmentFinancing for Development
Financing for Development
PRAVIN GODSE
 
Osoro 2b
Osoro 2bOsoro 2b
Osoro 2b
csear
 
YBI Global Forum, Wednesday: Lending
YBI Global Forum, Wednesday: LendingYBI Global Forum, Wednesday: Lending
YBI Global Forum, Wednesday: Lending
Youth Business International
 
UAE Banking Sector
UAE Banking SectorUAE Banking Sector
UAE Banking Sector
Navin Bafna
 
Imf and world bank difference
Imf and world bank  differenceImf and world bank  difference
Imf and world bank difference
StudsPlanet.com
 
Local bond markets as a cornerstone of development
Local bond markets as a cornerstone of developmentLocal bond markets as a cornerstone of development
Local bond markets as a cornerstone of development
tapask7889
 
Sustainable Development Goals and Development Impact Bonds
Sustainable Development Goals and Development Impact Bonds Sustainable Development Goals and Development Impact Bonds
Sustainable Development Goals and Development Impact Bonds
Taruna Gupta
 
Financing for development
Financing for developmentFinancing for development
Financing for development
Mohammad Anas
 
Zina Sanyoura & Elvira Espejo, Obtaining Funds from New Financial Instruments...
Zina Sanyoura & Elvira Espejo, Obtaining Funds from New Financial Instruments...Zina Sanyoura & Elvira Espejo, Obtaining Funds from New Financial Instruments...
Zina Sanyoura & Elvira Espejo, Obtaining Funds from New Financial Instruments...
Microcredit Summit Campaign
 

What's hot (20)

Development finance in the post 2015 context
Development finance in the post 2015 contextDevelopment finance in the post 2015 context
Development finance in the post 2015 context
 
Alhuda CIBE -Case Study for Microfinance Sector by Salman Syed Ali
Alhuda CIBE -Case Study for Microfinance Sector by Salman Syed AliAlhuda CIBE -Case Study for Microfinance Sector by Salman Syed Ali
Alhuda CIBE -Case Study for Microfinance Sector by Salman Syed Ali
 
Ffc new development bank and cra sc short-ver_finance_27may2015
Ffc   new development bank and cra sc short-ver_finance_27may2015Ffc   new development bank and cra sc short-ver_finance_27may2015
Ffc new development bank and cra sc short-ver_finance_27may2015
 
Session 6 - Presentation by Frank van Lerven, New Economics Foundation
Session 6 - Presentation by Frank van Lerven, New Economics FoundationSession 6 - Presentation by Frank van Lerven, New Economics Foundation
Session 6 - Presentation by Frank van Lerven, New Economics Foundation
 
OECD Financing for Sustainable Development
OECD Financing for Sustainable Development OECD Financing for Sustainable Development
OECD Financing for Sustainable Development
 
Sustainability and investor awareness 28022014
Sustainability and investor awareness 28022014Sustainability and investor awareness 28022014
Sustainability and investor awareness 28022014
 
Chapter (25).
Chapter (25).Chapter (25).
Chapter (25).
 
Future of development aid
Future of development aidFuture of development aid
Future of development aid
 
David fulton
David fultonDavid fulton
David fulton
 
Mohammad.fheili shadow banking
Mohammad.fheili shadow bankingMohammad.fheili shadow banking
Mohammad.fheili shadow banking
 
Fi strategies-reference framework-final-aug2012
Fi strategies-reference framework-final-aug2012Fi strategies-reference framework-final-aug2012
Fi strategies-reference framework-final-aug2012
 
Financing for Development
Financing for DevelopmentFinancing for Development
Financing for Development
 
Osoro 2b
Osoro 2bOsoro 2b
Osoro 2b
 
YBI Global Forum, Wednesday: Lending
YBI Global Forum, Wednesday: LendingYBI Global Forum, Wednesday: Lending
YBI Global Forum, Wednesday: Lending
 
UAE Banking Sector
UAE Banking SectorUAE Banking Sector
UAE Banking Sector
 
Imf and world bank difference
Imf and world bank  differenceImf and world bank  difference
Imf and world bank difference
 
Local bond markets as a cornerstone of development
Local bond markets as a cornerstone of developmentLocal bond markets as a cornerstone of development
Local bond markets as a cornerstone of development
 
Sustainable Development Goals and Development Impact Bonds
Sustainable Development Goals and Development Impact Bonds Sustainable Development Goals and Development Impact Bonds
Sustainable Development Goals and Development Impact Bonds
 
Financing for development
Financing for developmentFinancing for development
Financing for development
 
Zina Sanyoura & Elvira Espejo, Obtaining Funds from New Financial Instruments...
Zina Sanyoura & Elvira Espejo, Obtaining Funds from New Financial Instruments...Zina Sanyoura & Elvira Espejo, Obtaining Funds from New Financial Instruments...
Zina Sanyoura & Elvira Espejo, Obtaining Funds from New Financial Instruments...
 

Similar to Bridging the Gap: How to Finance Universal Access to Housing by 2030

03FPS170611.ppt
03FPS170611.ppt03FPS170611.ppt
03FPS170611.ppt
NantyNShah
 
EY-Banking-in-emerging-markets-Investing-for-success
EY-Banking-in-emerging-markets-Investing-for-successEY-Banking-in-emerging-markets-Investing-for-success
EY-Banking-in-emerging-markets-Investing-for-success
Karl Meekings
 
Microfinance
MicrofinanceMicrofinance
Microfinance
arsal87
 
Micro finance in India
Micro finance in IndiaMicro finance in India
Micro finance in India
VAKKU
 
Collapse of Silicon valley bank.pptx
Collapse of Silicon valley bank.pptxCollapse of Silicon valley bank.pptx
Collapse of Silicon valley bank.pptx
ABHISEKPADHI5
 
Financial institution closure
Financial institution closureFinancial institution closure
Financial institution closure
JanikaMaheshkumar
 
FE Credit and SMBC Acquisition Case Studies
FE Credit and SMBC Acquisition Case StudiesFE Credit and SMBC Acquisition Case Studies
FE Credit and SMBC Acquisition Case Studies
NghiaPham100
 
Presentation_Intro_to_SME_and_MFI_AYA_Bank_Sep2016.pptx
Presentation_Intro_to_SME_and_MFI_AYA_Bank_Sep2016.pptxPresentation_Intro_to_SME_and_MFI_AYA_Bank_Sep2016.pptx
Presentation_Intro_to_SME_and_MFI_AYA_Bank_Sep2016.pptx
AshenafiGirma4
 
AMERMS Workshop 6: Microfinance in Rural Areas and Arid and Semi-Arid Land (P...
AMERMS Workshop 6: Microfinance in Rural Areas and Arid and Semi-Arid Land (P...AMERMS Workshop 6: Microfinance in Rural Areas and Arid and Semi-Arid Land (P...
AMERMS Workshop 6: Microfinance in Rural Areas and Arid and Semi-Arid Land (P...
Microcredit Summit Campaign
 
Microfinance
MicrofinanceMicrofinance
Microfinance
Mayank Saxena
 
Country case study morocco
Country case study moroccoCountry case study morocco
Country case study morocco
Edz Gapuz
 
21
2121
FirstBank Impact Series - Central Bank of Nigeria's Paper Presentation (abrid...
FirstBank Impact Series - Central Bank of Nigeria's Paper Presentation (abrid...FirstBank Impact Series - Central Bank of Nigeria's Paper Presentation (abrid...
FirstBank Impact Series - Central Bank of Nigeria's Paper Presentation (abrid...
FirstBank, Nigeria
 
Affin Bank Berhad Analysis
Affin Bank Berhad AnalysisAffin Bank Berhad Analysis
Affin Bank Berhad Analysis
Mior Azwan
 
Presentation on the Shariah-Compliant Finance in the Private Sector and Devel...
Presentation on the Shariah-Compliant Finance in the Private Sector and Devel...Presentation on the Shariah-Compliant Finance in the Private Sector and Devel...
Presentation on the Shariah-Compliant Finance in the Private Sector and Devel...
jimmyew88
 
Strategic Environmental Analysis of Equity Bank
Strategic Environmental Analysis of Equity BankStrategic Environmental Analysis of Equity Bank
Strategic Environmental Analysis of Equity Bank
Mohamed Abdimalik
 
Subprime crisis.pptx
Subprime crisis.pptxSubprime crisis.pptx
Subprime crisis.pptx
RohitShaw88
 
Big bank deregulation: MASATOSHI ITO APPROACH
Big bank deregulation: MASATOSHI ITO APPROACHBig bank deregulation: MASATOSHI ITO APPROACH
Big bank deregulation: MASATOSHI ITO APPROACH
Mustapha Akintona
 
Internationalisation of Banking .pptx
Internationalisation of Banking    .pptxInternationalisation of Banking    .pptx
Internationalisation of Banking .pptx
sahanavmms
 
Understanding microfinance bank and clients
Understanding microfinance bank and clientsUnderstanding microfinance bank and clients
Understanding microfinance bank and clients
REGENT MICROFINANCE BANK LTD
 

Similar to Bridging the Gap: How to Finance Universal Access to Housing by 2030 (20)

03FPS170611.ppt
03FPS170611.ppt03FPS170611.ppt
03FPS170611.ppt
 
EY-Banking-in-emerging-markets-Investing-for-success
EY-Banking-in-emerging-markets-Investing-for-successEY-Banking-in-emerging-markets-Investing-for-success
EY-Banking-in-emerging-markets-Investing-for-success
 
Microfinance
MicrofinanceMicrofinance
Microfinance
 
Micro finance in India
Micro finance in IndiaMicro finance in India
Micro finance in India
 
Collapse of Silicon valley bank.pptx
Collapse of Silicon valley bank.pptxCollapse of Silicon valley bank.pptx
Collapse of Silicon valley bank.pptx
 
Financial institution closure
Financial institution closureFinancial institution closure
Financial institution closure
 
FE Credit and SMBC Acquisition Case Studies
FE Credit and SMBC Acquisition Case StudiesFE Credit and SMBC Acquisition Case Studies
FE Credit and SMBC Acquisition Case Studies
 
Presentation_Intro_to_SME_and_MFI_AYA_Bank_Sep2016.pptx
Presentation_Intro_to_SME_and_MFI_AYA_Bank_Sep2016.pptxPresentation_Intro_to_SME_and_MFI_AYA_Bank_Sep2016.pptx
Presentation_Intro_to_SME_and_MFI_AYA_Bank_Sep2016.pptx
 
AMERMS Workshop 6: Microfinance in Rural Areas and Arid and Semi-Arid Land (P...
AMERMS Workshop 6: Microfinance in Rural Areas and Arid and Semi-Arid Land (P...AMERMS Workshop 6: Microfinance in Rural Areas and Arid and Semi-Arid Land (P...
AMERMS Workshop 6: Microfinance in Rural Areas and Arid and Semi-Arid Land (P...
 
Microfinance
MicrofinanceMicrofinance
Microfinance
 
Country case study morocco
Country case study moroccoCountry case study morocco
Country case study morocco
 
21
2121
21
 
FirstBank Impact Series - Central Bank of Nigeria's Paper Presentation (abrid...
FirstBank Impact Series - Central Bank of Nigeria's Paper Presentation (abrid...FirstBank Impact Series - Central Bank of Nigeria's Paper Presentation (abrid...
FirstBank Impact Series - Central Bank of Nigeria's Paper Presentation (abrid...
 
Affin Bank Berhad Analysis
Affin Bank Berhad AnalysisAffin Bank Berhad Analysis
Affin Bank Berhad Analysis
 
Presentation on the Shariah-Compliant Finance in the Private Sector and Devel...
Presentation on the Shariah-Compliant Finance in the Private Sector and Devel...Presentation on the Shariah-Compliant Finance in the Private Sector and Devel...
Presentation on the Shariah-Compliant Finance in the Private Sector and Devel...
 
Strategic Environmental Analysis of Equity Bank
Strategic Environmental Analysis of Equity BankStrategic Environmental Analysis of Equity Bank
Strategic Environmental Analysis of Equity Bank
 
Subprime crisis.pptx
Subprime crisis.pptxSubprime crisis.pptx
Subprime crisis.pptx
 
Big bank deregulation: MASATOSHI ITO APPROACH
Big bank deregulation: MASATOSHI ITO APPROACHBig bank deregulation: MASATOSHI ITO APPROACH
Big bank deregulation: MASATOSHI ITO APPROACH
 
Internationalisation of Banking .pptx
Internationalisation of Banking    .pptxInternationalisation of Banking    .pptx
Internationalisation of Banking .pptx
 
Understanding microfinance bank and clients
Understanding microfinance bank and clientsUnderstanding microfinance bank and clients
Understanding microfinance bank and clients
 

More from Independent Evaluation Group /World Bank Group

World Bank Group Support to Health Services: Achievements and Challenges
World Bank Group Support to Health Services: Achievements and ChallengesWorld Bank Group Support to Health Services: Achievements and Challenges
World Bank Group Support to Health Services: Achievements and Challenges
Independent Evaluation Group /World Bank Group
 
How is the World Bank Group Supporting Environmental Sustainability?
How is the World Bank Group Supporting Environmental Sustainability?How is the World Bank Group Supporting Environmental Sustainability?
How is the World Bank Group Supporting Environmental Sustainability?
Independent Evaluation Group /World Bank Group
 
Results and Performance of the World Bank Group - 2017
Results and Performance of the World Bank Group - 2017Results and Performance of the World Bank Group - 2017
Results and Performance of the World Bank Group - 2017
Independent Evaluation Group /World Bank Group
 
IFC's Approach to Engaging Clients for Increased Development Impact
IFC's Approach to Engaging Clients for Increased Development ImpactIFC's Approach to Engaging Clients for Increased Development Impact
IFC's Approach to Engaging Clients for Increased Development Impact
Independent Evaluation Group /World Bank Group
 
A Thirst for Change: The World Bank Group’s Support for Water Supply and Sani...
A Thirst for Change: The World Bank Group’s Support for Water Supply and Sani...A Thirst for Change: The World Bank Group’s Support for Water Supply and Sani...
A Thirst for Change: The World Bank Group’s Support for Water Supply and Sani...
Independent Evaluation Group /World Bank Group
 
Lessons from assessing the World Bank Group’s Support to Urban Transport in t...
Lessons from assessing the World Bank Group’s Support to Urban Transport in t...Lessons from assessing the World Bank Group’s Support to Urban Transport in t...
Lessons from assessing the World Bank Group’s Support to Urban Transport in t...
Independent Evaluation Group /World Bank Group
 
Evaluation for Results-Oriented Management (or, What Can Development Stakeho...
Evaluation for Results-Oriented Management  (or, What Can Development Stakeho...Evaluation for Results-Oriented Management  (or, What Can Development Stakeho...
Evaluation for Results-Oriented Management (or, What Can Development Stakeho...
Independent Evaluation Group /World Bank Group
 
Has Off-Grid Electrification Come of Age?
Has Off-Grid Electrification Come of Age? Has Off-Grid Electrification Come of Age?
Has Off-Grid Electrification Come of Age?
Independent Evaluation Group /World Bank Group
 
Opportunities challenges working_in_partnership
Opportunities challenges working_in_partnershipOpportunities challenges working_in_partnership
Opportunities challenges working_in_partnership
Independent Evaluation Group /World Bank Group
 
What role for Public-Private Partnerships? Delivering on the Post-2015 Develo...
What role for Public-Private Partnerships?Delivering on the Post-2015 Develo...What role for Public-Private Partnerships?Delivering on the Post-2015 Develo...
What role for Public-Private Partnerships? Delivering on the Post-2015 Develo...
Independent Evaluation Group /World Bank Group
 
What role for pp ps un ppp event - dec 12 2014 - final
What role for pp ps   un ppp event - dec 12 2014 - finalWhat role for pp ps   un ppp event - dec 12 2014 - final
What role for pp ps un ppp event - dec 12 2014 - final
Independent Evaluation Group /World Bank Group
 
What role for pp ps un ppp event - dec 12 2014 - final
What role for pp ps   un ppp event - dec 12 2014 - finalWhat role for pp ps   un ppp event - dec 12 2014 - final
What role for pp ps un ppp event - dec 12 2014 - final
Independent Evaluation Group /World Bank Group
 
What role for pp ps un ppp event - dec 12 2014 - final
What role for pp ps   un ppp event - dec 12 2014 - finalWhat role for pp ps   un ppp event - dec 12 2014 - final
What role for pp ps un ppp event - dec 12 2014 - final
Independent Evaluation Group /World Bank Group
 
What is the role for Public-Private Partnerships? Delivering on the Post-2015...
What is the role for Public-Private Partnerships? Delivering on the Post-2015...What is the role for Public-Private Partnerships? Delivering on the Post-2015...
What is the role for Public-Private Partnerships? Delivering on the Post-2015...
Independent Evaluation Group /World Bank Group
 
World Bank Group Support to Public-Private Partnerships: Event Launch at IFC ...
World Bank Group Support to Public-Private Partnerships: Event Launch at IFC ...World Bank Group Support to Public-Private Partnerships: Event Launch at IFC ...
World Bank Group Support to Public-Private Partnerships: Event Launch at IFC ...
Independent Evaluation Group /World Bank Group
 
Evaluation Findings on World Bank Group Assistance to Low-Income Fragile and ...
Evaluation Findings on World Bank Group Assistance to Low-Income Fragile and ...Evaluation Findings on World Bank Group Assistance to Low-Income Fragile and ...
Evaluation Findings on World Bank Group Assistance to Low-Income Fragile and ...
Independent Evaluation Group /World Bank Group
 
Youth Unemployment in Nigeria Challenges and Way Forward
Youth Unemployment in Nigeria Challenges and Way ForwardYouth Unemployment in Nigeria Challenges and Way Forward
Youth Unemployment in Nigeria Challenges and Way Forward
Independent Evaluation Group /World Bank Group
 
What Has Worked in Youth Employment in Nigeria
What Has Worked in Youth Employment in NigeriaWhat Has Worked in Youth Employment in Nigeria
What Has Worked in Youth Employment in Nigeria
Independent Evaluation Group /World Bank Group
 
2013 World Development Report on Jobs
2013 World Development Report on Jobs2013 World Development Report on Jobs
2013 World Development Report on Jobs
Independent Evaluation Group /World Bank Group
 
Experiences from Sierra Leone in Youth Employment
Experiences from Sierra Leone in Youth Employment Experiences from Sierra Leone in Youth Employment
Experiences from Sierra Leone in Youth Employment
Independent Evaluation Group /World Bank Group
 

More from Independent Evaluation Group /World Bank Group (20)

World Bank Group Support to Health Services: Achievements and Challenges
World Bank Group Support to Health Services: Achievements and ChallengesWorld Bank Group Support to Health Services: Achievements and Challenges
World Bank Group Support to Health Services: Achievements and Challenges
 
How is the World Bank Group Supporting Environmental Sustainability?
How is the World Bank Group Supporting Environmental Sustainability?How is the World Bank Group Supporting Environmental Sustainability?
How is the World Bank Group Supporting Environmental Sustainability?
 
Results and Performance of the World Bank Group - 2017
Results and Performance of the World Bank Group - 2017Results and Performance of the World Bank Group - 2017
Results and Performance of the World Bank Group - 2017
 
IFC's Approach to Engaging Clients for Increased Development Impact
IFC's Approach to Engaging Clients for Increased Development ImpactIFC's Approach to Engaging Clients for Increased Development Impact
IFC's Approach to Engaging Clients for Increased Development Impact
 
A Thirst for Change: The World Bank Group’s Support for Water Supply and Sani...
A Thirst for Change: The World Bank Group’s Support for Water Supply and Sani...A Thirst for Change: The World Bank Group’s Support for Water Supply and Sani...
A Thirst for Change: The World Bank Group’s Support for Water Supply and Sani...
 
Lessons from assessing the World Bank Group’s Support to Urban Transport in t...
Lessons from assessing the World Bank Group’s Support to Urban Transport in t...Lessons from assessing the World Bank Group’s Support to Urban Transport in t...
Lessons from assessing the World Bank Group’s Support to Urban Transport in t...
 
Evaluation for Results-Oriented Management (or, What Can Development Stakeho...
Evaluation for Results-Oriented Management  (or, What Can Development Stakeho...Evaluation for Results-Oriented Management  (or, What Can Development Stakeho...
Evaluation for Results-Oriented Management (or, What Can Development Stakeho...
 
Has Off-Grid Electrification Come of Age?
Has Off-Grid Electrification Come of Age? Has Off-Grid Electrification Come of Age?
Has Off-Grid Electrification Come of Age?
 
Opportunities challenges working_in_partnership
Opportunities challenges working_in_partnershipOpportunities challenges working_in_partnership
Opportunities challenges working_in_partnership
 
What role for Public-Private Partnerships? Delivering on the Post-2015 Develo...
What role for Public-Private Partnerships?Delivering on the Post-2015 Develo...What role for Public-Private Partnerships?Delivering on the Post-2015 Develo...
What role for Public-Private Partnerships? Delivering on the Post-2015 Develo...
 
What role for pp ps un ppp event - dec 12 2014 - final
What role for pp ps   un ppp event - dec 12 2014 - finalWhat role for pp ps   un ppp event - dec 12 2014 - final
What role for pp ps un ppp event - dec 12 2014 - final
 
What role for pp ps un ppp event - dec 12 2014 - final
What role for pp ps   un ppp event - dec 12 2014 - finalWhat role for pp ps   un ppp event - dec 12 2014 - final
What role for pp ps un ppp event - dec 12 2014 - final
 
What role for pp ps un ppp event - dec 12 2014 - final
What role for pp ps   un ppp event - dec 12 2014 - finalWhat role for pp ps   un ppp event - dec 12 2014 - final
What role for pp ps un ppp event - dec 12 2014 - final
 
What is the role for Public-Private Partnerships? Delivering on the Post-2015...
What is the role for Public-Private Partnerships? Delivering on the Post-2015...What is the role for Public-Private Partnerships? Delivering on the Post-2015...
What is the role for Public-Private Partnerships? Delivering on the Post-2015...
 
World Bank Group Support to Public-Private Partnerships: Event Launch at IFC ...
World Bank Group Support to Public-Private Partnerships: Event Launch at IFC ...World Bank Group Support to Public-Private Partnerships: Event Launch at IFC ...
World Bank Group Support to Public-Private Partnerships: Event Launch at IFC ...
 
Evaluation Findings on World Bank Group Assistance to Low-Income Fragile and ...
Evaluation Findings on World Bank Group Assistance to Low-Income Fragile and ...Evaluation Findings on World Bank Group Assistance to Low-Income Fragile and ...
Evaluation Findings on World Bank Group Assistance to Low-Income Fragile and ...
 
Youth Unemployment in Nigeria Challenges and Way Forward
Youth Unemployment in Nigeria Challenges and Way ForwardYouth Unemployment in Nigeria Challenges and Way Forward
Youth Unemployment in Nigeria Challenges and Way Forward
 
What Has Worked in Youth Employment in Nigeria
What Has Worked in Youth Employment in NigeriaWhat Has Worked in Youth Employment in Nigeria
What Has Worked in Youth Employment in Nigeria
 
2013 World Development Report on Jobs
2013 World Development Report on Jobs2013 World Development Report on Jobs
2013 World Development Report on Jobs
 
Experiences from Sierra Leone in Youth Employment
Experiences from Sierra Leone in Youth Employment Experiences from Sierra Leone in Youth Employment
Experiences from Sierra Leone in Youth Employment
 

Recently uploaded

PPT Item # 5 - 318 Tuxedo Ave. (sign. review)
PPT Item # 5 - 318 Tuxedo Ave. (sign. review)PPT Item # 5 - 318 Tuxedo Ave. (sign. review)
PPT Item # 5 - 318 Tuxedo Ave. (sign. review)
ahcitycouncil
 
CFYT Rolling Ads Dawson City Yukon Canada
CFYT Rolling Ads Dawson City Yukon CanadaCFYT Rolling Ads Dawson City Yukon Canada
CFYT Rolling Ads Dawson City Yukon Canada
pmenzies
 
Item # 10 -- Historical Presv. Districts
Item # 10 -- Historical Presv. DistrictsItem # 10 -- Historical Presv. Districts
Item # 10 -- Historical Presv. Districts
ahcitycouncil
 
Milton Keynes Hospital Charity - A guide to leaving a gift in your Will
Milton Keynes Hospital Charity - A guide to leaving a gift in your WillMilton Keynes Hospital Charity - A guide to leaving a gift in your Will
Milton Keynes Hospital Charity - A guide to leaving a gift in your Will
fundraising4
 
在线办理美国乔治华盛顿大学毕业证(gwu毕业证书)学历学位证书原版一模一样
在线办理美国乔治华盛顿大学毕业证(gwu毕业证书)学历学位证书原版一模一样在线办理美国乔治华盛顿大学毕业证(gwu毕业证书)学历学位证书原版一模一样
在线办理美国乔治华盛顿大学毕业证(gwu毕业证书)学历学位证书原版一模一样
9d5c8i83
 
PPT Item # 4 - 434 College Blvd. (sign. review)
PPT Item # 4 - 434 College Blvd. (sign. review)PPT Item # 4 - 434 College Blvd. (sign. review)
PPT Item # 4 - 434 College Blvd. (sign. review)
ahcitycouncil
 
A proposed request for information on LIHTC
A proposed request for information on LIHTCA proposed request for information on LIHTC
A proposed request for information on LIHTC
Roger Valdez
 
IEA World Energy Investment June 2024- Statistics
IEA World Energy Investment June 2024- StatisticsIEA World Energy Investment June 2024- Statistics
IEA World Energy Investment June 2024- Statistics
Energy for One World
 
Abiy Berehe - Texas Commission on Environmental Quality Updates
Abiy Berehe - Texas Commission on Environmental Quality UpdatesAbiy Berehe - Texas Commission on Environmental Quality Updates
Abiy Berehe - Texas Commission on Environmental Quality Updates
Texas Alliance of Groundwater Districts
 
Bangladesh studies presentation on Liberation War 1971 Indepence-of-Banglades...
Bangladesh studies presentation on Liberation War 1971 Indepence-of-Banglades...Bangladesh studies presentation on Liberation War 1971 Indepence-of-Banglades...
Bangladesh studies presentation on Liberation War 1971 Indepence-of-Banglades...
ssuser05e8f3
 
原版制作(英国Southampton毕业证书)南安普顿大学毕业证录取通知书一模一样
原版制作(英国Southampton毕业证书)南安普顿大学毕业证录取通知书一模一样原版制作(英国Southampton毕业证书)南安普顿大学毕业证录取通知书一模一样
原版制作(英国Southampton毕业证书)南安普顿大学毕业证录取通知书一模一样
3woawyyl
 
PPT Item # 8&9 - Demolition Code Amendments
PPT Item # 8&9 - Demolition Code AmendmentsPPT Item # 8&9 - Demolition Code Amendments
PPT Item # 8&9 - Demolition Code Amendments
ahcitycouncil
 
Contributi dei parlamentari del PD - Contributi L. 3/2019
Contributi dei parlamentari del PD - Contributi L. 3/2019Contributi dei parlamentari del PD - Contributi L. 3/2019
Contributi dei parlamentari del PD - Contributi L. 3/2019
Partito democratico
 
PPT Item # 7 - 231 Encino Avenue (sign. review)
PPT Item # 7 - 231 Encino Avenue (sign. review)PPT Item # 7 - 231 Encino Avenue (sign. review)
PPT Item # 7 - 231 Encino Avenue (sign. review)
ahcitycouncil
 
Practical guide for the celebration of World Environment Day on june 5th.
Practical guide for the  celebration of World Environment Day on  june 5th.Practical guide for the  celebration of World Environment Day on  june 5th.
Practical guide for the celebration of World Environment Day on june 5th.
Christina Parmionova
 
2024: The FAR - Federal Acquisition Regulations, Part 40
2024: The FAR - Federal Acquisition Regulations, Part 402024: The FAR - Federal Acquisition Regulations, Part 40
2024: The FAR - Federal Acquisition Regulations, Part 40
JSchaus & Associates
 
United Nations World Oceans Day 2024; June 8th " Awaken new dephts".
United Nations World Oceans Day 2024; June 8th " Awaken new dephts".United Nations World Oceans Day 2024; June 8th " Awaken new dephts".
United Nations World Oceans Day 2024; June 8th " Awaken new dephts".
Christina Parmionova
 
Antyodaya saral portal haryana govt schemes
Antyodaya saral portal haryana govt schemesAntyodaya saral portal haryana govt schemes
Antyodaya saral portal haryana govt schemes
narinav14
 
快速办理(UVM毕业证书)佛蒙特大学毕业证学位证一模一样
快速办理(UVM毕业证书)佛蒙特大学毕业证学位证一模一样快速办理(UVM毕业证书)佛蒙特大学毕业证学位证一模一样
快速办理(UVM毕业证书)佛蒙特大学毕业证学位证一模一样
yemqpj
 
加急办理华威大学毕业证硕士文凭证书原版一模一样
加急办理华威大学毕业证硕士文凭证书原版一模一样加急办理华威大学毕业证硕士文凭证书原版一模一样
加急办理华威大学毕业证硕士文凭证书原版一模一样
uu1psyf6
 

Recently uploaded (20)

PPT Item # 5 - 318 Tuxedo Ave. (sign. review)
PPT Item # 5 - 318 Tuxedo Ave. (sign. review)PPT Item # 5 - 318 Tuxedo Ave. (sign. review)
PPT Item # 5 - 318 Tuxedo Ave. (sign. review)
 
CFYT Rolling Ads Dawson City Yukon Canada
CFYT Rolling Ads Dawson City Yukon CanadaCFYT Rolling Ads Dawson City Yukon Canada
CFYT Rolling Ads Dawson City Yukon Canada
 
Item # 10 -- Historical Presv. Districts
Item # 10 -- Historical Presv. DistrictsItem # 10 -- Historical Presv. Districts
Item # 10 -- Historical Presv. Districts
 
Milton Keynes Hospital Charity - A guide to leaving a gift in your Will
Milton Keynes Hospital Charity - A guide to leaving a gift in your WillMilton Keynes Hospital Charity - A guide to leaving a gift in your Will
Milton Keynes Hospital Charity - A guide to leaving a gift in your Will
 
在线办理美国乔治华盛顿大学毕业证(gwu毕业证书)学历学位证书原版一模一样
在线办理美国乔治华盛顿大学毕业证(gwu毕业证书)学历学位证书原版一模一样在线办理美国乔治华盛顿大学毕业证(gwu毕业证书)学历学位证书原版一模一样
在线办理美国乔治华盛顿大学毕业证(gwu毕业证书)学历学位证书原版一模一样
 
PPT Item # 4 - 434 College Blvd. (sign. review)
PPT Item # 4 - 434 College Blvd. (sign. review)PPT Item # 4 - 434 College Blvd. (sign. review)
PPT Item # 4 - 434 College Blvd. (sign. review)
 
A proposed request for information on LIHTC
A proposed request for information on LIHTCA proposed request for information on LIHTC
A proposed request for information on LIHTC
 
IEA World Energy Investment June 2024- Statistics
IEA World Energy Investment June 2024- StatisticsIEA World Energy Investment June 2024- Statistics
IEA World Energy Investment June 2024- Statistics
 
Abiy Berehe - Texas Commission on Environmental Quality Updates
Abiy Berehe - Texas Commission on Environmental Quality UpdatesAbiy Berehe - Texas Commission on Environmental Quality Updates
Abiy Berehe - Texas Commission on Environmental Quality Updates
 
Bangladesh studies presentation on Liberation War 1971 Indepence-of-Banglades...
Bangladesh studies presentation on Liberation War 1971 Indepence-of-Banglades...Bangladesh studies presentation on Liberation War 1971 Indepence-of-Banglades...
Bangladesh studies presentation on Liberation War 1971 Indepence-of-Banglades...
 
原版制作(英国Southampton毕业证书)南安普顿大学毕业证录取通知书一模一样
原版制作(英国Southampton毕业证书)南安普顿大学毕业证录取通知书一模一样原版制作(英国Southampton毕业证书)南安普顿大学毕业证录取通知书一模一样
原版制作(英国Southampton毕业证书)南安普顿大学毕业证录取通知书一模一样
 
PPT Item # 8&9 - Demolition Code Amendments
PPT Item # 8&9 - Demolition Code AmendmentsPPT Item # 8&9 - Demolition Code Amendments
PPT Item # 8&9 - Demolition Code Amendments
 
Contributi dei parlamentari del PD - Contributi L. 3/2019
Contributi dei parlamentari del PD - Contributi L. 3/2019Contributi dei parlamentari del PD - Contributi L. 3/2019
Contributi dei parlamentari del PD - Contributi L. 3/2019
 
PPT Item # 7 - 231 Encino Avenue (sign. review)
PPT Item # 7 - 231 Encino Avenue (sign. review)PPT Item # 7 - 231 Encino Avenue (sign. review)
PPT Item # 7 - 231 Encino Avenue (sign. review)
 
Practical guide for the celebration of World Environment Day on june 5th.
Practical guide for the  celebration of World Environment Day on  june 5th.Practical guide for the  celebration of World Environment Day on  june 5th.
Practical guide for the celebration of World Environment Day on june 5th.
 
2024: The FAR - Federal Acquisition Regulations, Part 40
2024: The FAR - Federal Acquisition Regulations, Part 402024: The FAR - Federal Acquisition Regulations, Part 40
2024: The FAR - Federal Acquisition Regulations, Part 40
 
United Nations World Oceans Day 2024; June 8th " Awaken new dephts".
United Nations World Oceans Day 2024; June 8th " Awaken new dephts".United Nations World Oceans Day 2024; June 8th " Awaken new dephts".
United Nations World Oceans Day 2024; June 8th " Awaken new dephts".
 
Antyodaya saral portal haryana govt schemes
Antyodaya saral portal haryana govt schemesAntyodaya saral portal haryana govt schemes
Antyodaya saral portal haryana govt schemes
 
快速办理(UVM毕业证书)佛蒙特大学毕业证学位证一模一样
快速办理(UVM毕业证书)佛蒙特大学毕业证学位证一模一样快速办理(UVM毕业证书)佛蒙特大学毕业证学位证一模一样
快速办理(UVM毕业证书)佛蒙特大学毕业证学位证一模一样
 
加急办理华威大学毕业证硕士文凭证书原版一模一样
加急办理华威大学毕业证硕士文凭证书原版一模一样加急办理华威大学毕业证硕士文凭证书原版一模一样
加急办理华威大学毕业证硕士文凭证书原版一模一样
 

Bridging the Gap: How to Finance Universal Access to Housing by 2030

  • 1.
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13. WBG Support for Housing Finance
  • 14. 0 500 1000 1500 2000 2500 0 20 40 60 80 100 120 FY05-FY07 FY08-FY10 FY11-FY13 FY13-16 WBG support to Housing No. Projects By Volume
  • 15.
  • 16.
  • 17.
  • 18.
  • 21.
  • 22.
  • 23.
  • 24. Understanding market conditions and the existing gap has proven crucial to project design and targeting. In the case of Vietnam, the World Bank Group provided a local currency credit line of $50 million to a commercial bank that was based on the use of along-term cross currency swap. The use of swaps was inadequate in Vietnam, where a real market for such swaps does not exist and the financial system essentially operates on a short- term basis.
  • 25.
  • 26. There are preconditions that have to be in place for a housing market to succeed. - Avoidance of severe inflation rates - Existence of a sound regulatory and policy framework - Presence of financial infrastructure - Adequate risk assessment and management - Competitive lending In the West Bank & Gaza, the IFC supported the establishment of a mortgage institution when there was an unresolved land ownership issue that needed to be addressed first.
  • 27.
  • 28. We live in an imperfect world and preconditions are not always there. When this happens timing and sequencing interventions adequately is what matters. • In Colombia, IFC and the world Bank helped the government develop a new housing law, • the law contained the regulatory framework for asset securitization, • then, the IFC supported the creation of a securitization company. • India, is also a case where timing and sequencing was important to expand low income housing. • The World Bank Group first supported analytical work, which was followed by World Bank technical assistance to strengthen the capacity of the national housing bank and IFC technical assistance to strengthen capacity of housing finance companies and microfinance institutions. • IFC investments And WBG support is ongoing.
  • 29.
  • 30. Gaining the commitment of key players is also vital. In Morocco, for example, the government and World Bank succeeded in sustaining a low-income housing program, primarily because there was strong commitment on the part of key actors within the country.
  • 31.
  • 32. • • • NBFI’s Mexico India NBFIs were unsuccessful in Mexico: • Due to overdependence on capital markets for funding, • poor government oversight, lack of prudential regulation, excessive risk taking, • and competitive pressures. In India, they were/are more resilient: • Diverse mix of funding • Adequate prudential regulations • Lending conservatively
  • 33. Securitizations Colombia Peru • The country had a relatively developed government bond market and lenders with a clear need for capital relief. • As the country was emerging from a financial crisis, the bank owners of the company securitized assets were eager to move assets off balance sheet. • The shareholder banks were not interested in securitizing any mortgage loans given the liquidity in the market and cheaper alternative sources of funding. • Lenders had enough liquidity and no need for credit relief.
  • 34. Liquidity facilities Jordan Egypt • The country had a small but liquid bond markets and mortgage lenders in need for long-term finance. • At time of evaluation the number of lenders increased from 1 to 10 from 6 to 12-15 years. • Mortgage loans went from 2.5% to 7%. • The facility was able to develop the mortgage market. • The market grew significantly from 10 million to 740 million by project closure. • But hasn’t been able to issue bonds as institutional investors seem reluctant to invest in non government debt. • Situation has worsened with macroeconomic instability and the appearance of a new government program raising issues of sustainability.
  • 36.
  • 37.