Financial Services
Traditionally, financial deepening has been hampered by inappropriate fiscal and exchange rate policies leading to high inflation and financial crises. Now the basic principles to overcome these are generally well understood if not always followed in practice. AECOM INternational Development has thus moved on to the key challenges to putting in place the infrastructure required for financial deepening and enhanced outreach to hard-to-reach clients (e.g., regulatory regimes that promote prudential behavior while also supporting expanded outreach, laws that support the use of both real and personal property mortgages for guarantees, improved credit bureau to provide timely information about character and cash flow, recognizing that deposit services are as important as loans, implementing electronic banking to reduce the costs and risks of using cash, and improved infrastructure for other elements of the financial sector, such as insurance, pensions, and securities markets). Noteworthy projects include:
