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Credit Reporting Knowledge GuideThis second edition of the Credit
 Reporting Knowledge Guide aims to support the dissemination
 of knowledge on best practices in credit reporting
 development, based on IFC s experience. The original Credit
 Bureau Knowledge Guide (2006) elaborated on the knowledge
 gained over several years of running the Global Credit
 Reporting Progra
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Financial Inclusion in Brazil : Building on SuccessThe development of a far reaching
 correspondent banking network is one of the key factors
 behind Brazil's success story in financial inclusion.
 Between 2005 and 2011, the number of correspondents
 approximately doubled to more than 160,000. The Central Bank
 encouraged financial institutions to reach out to more
 distant consumers and to communities where they had not
 previously been active, including lower income areas,
 through partnerships with a variety of retail establishments
 including some with public ties such as the post office
 network and lottery agencies. Regulators have gradually
 reduced restrictions on correspondent banking, such as
 individual approval processes, in response to early
 successes with this program. The legal framework also
 facilitated healthy expansion by putting the onus on
 regulated institutions to train and monitor their
 correspondents. This Technical Note (TN) does not include an
 analysis of the causes underlying Brazil's continued
 high credit cost but many of the issues discussed here may
 be contributing factors. These include the lack of savings
 and related dependence on credit which may reduce price
 elasticity in credit markets; information asymmetries which
 add to the cost of credit evaluation and increase risk for
 lenders; and competition issues (as with mobile payments and
 the so-called no-surcharge-rule on payment methods). The
 Aide Memoire for the FSAP mission provides further
 discussion of these important issues.
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Albania : Access to Finance for Enterprise SectorThis report was prepared in close collaboration with the Bank of Albania. This report focused on trade, services, and agriculture; however, the limited scope of their operations still leaves a potentially large unmet demand for credit in agriculture. This report focuses on problems related to the operation of Immovable Property Registry System (IPRS) and other institutions and the formalization of property rights and inscription of mortgages. This study believes the reform with most optimum impact on sustainable credit growth will be focused on (i) improving the quality, breadth, and depth of financial intermediation, (ii) growth and development of credit unions and microfinance institutions, and (iii) facilitate the development of new instruments. The authorities will also focus on implementing reforms to become compliant with Financial Action Task Force (FATF) recommendation.