This primer is designed to convert lessons learned and best practices into effective financial systems that enable long-term economic growth and expansion. It provides an overview of the technical background and rationale for secured financing reform, and a detailed description of the components a reform program should include. The diagnostic checklist is a simple tool…
Through the Financial Sector (FS) Share task order, the USAID Bureau for Economic Growth, Agriculture, and Trade (EGAT) and Chemonics proactively collaborated with missions to identify financial sector priorities and develop strategies and programs to grow the financial sector. This primer was prepared by Caroline Averch and J. Mauricio Gutierrez of Chemonics with support from USAID EGAT and The U.S. Treasury International Affairs Office of Technical…
The Financial Sector Knowledge Sharing (FS Share) project was designed by the USAID Bureau of Economic Growth, Agriculture and Trade (EGAT, now known as E3) as a vehicle to test innovative approaches to financial-sector development and facilitate the collection, analysis, and dissemination of best practices and lessons learned through implementation. Through these activities, FS Share’s…
For emerging markets, blended finance is the new cool kid on the block. It’s a tool that facilitates access to finance around the world, and it’s gaining momentum with the international development community. While articles discussing blended finance abound, development practitioners increasingly seek specific information about how to “do” blended finance. Chemonics and LixCap know…
Asdrubal Negrete Lebette is currently the chief of party of the Colombia Rural Finance Initiative, where he works with banks, anchor firms, and producers to design and pilot innovative value chain finance mechanisms to help smallholders, small and medium enterprises to access credit and other financial services. Asdrubal has over 25 years of experience in…
The United States Agency for International Development (USAID) launched the Asia and Middle East Economic Growth Best Practices (AMEG) project in 2013. A five-year initiative with a shared ceiling of $69 million, AMEG enabled technical support teams in USAID’s Asia and Middle East bureaus to collaborate with USAID missions and operating units to identify and…
Recognized as the starting point of the Arab Spring movement, Tunisia’s 2011 revolution spurred unprecedented political and social transformation. USAID’s Fiscal Reform for a Strong Tunisia (FIRST) provided technical assistance and capacity building to the Tunisian government, particularly the Ministry of Finance, so that its fiscal institutions were well positioned for sustainable and inclusive growth…
Effective public financial management (PFM) is a “cornerstone of good governance.” PFM, or the ability of governments to efficiently collect revenue and spend it in an accountable and transparent manner, is instrumental for nations seeking to expand their economic growth and increase available resources to pursue national objectives, including those relating to the United Nations’…
Chemonics help countries better address their own development needs by increasing institutional and human capacity to forecast, manage, and increase domestic resource mobilization, and increase domestic resource mobilization, and simultaneously build capacity to plan and execute budgets, as well as monitor, evaluate, and report on budget expenditures. Chemonics also engages in fiscal policy and pension…