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The Bahamas: Financial Sector Assessment Program-Technical Note on Financial Inclusion, Retail Payments, and SME Finance

International Monetary Fund

No 2019/201, IMF Staff Country Reports from International Monetary Fund

Abstract: The CBOB considers increased financial inclusion as a critical reform area. In this regard, the FSAP assessed developments in financial inclusion for individuals and enterprises (SME finance), retail payments and provides recommendations for improvements. A review of the market was undertaken using the Payment Aspects of Financial Inclusion (PAFI) framework covering areas such as the legal/regulatory framework and oversight, retail payment systems and instruments, access to transaction accounts and use cases, as well as SME policy, credit infrastructure, economic empowerment funds and consumer protection and financial literacy.

Keywords: ISCR; CR; transaction fee; venture capital fund; credit bureau; private sector; automated clearing house; companies Act; floating charge; invoice discounting; feasibility study; transaction account; information asymmetry; Bahamian enterprise; point of sale; -branded card; Credit; Payment systems; Credit bureaus; Financial inclusion; Global (search for similar items in EconPapers)
Pages: 52
Date: 2019-07-01
New Economics Papers: this item is included in nep-fle and nep-pay
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Handle: RePEc:imf:imfscr:2019/201