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Improving Financial Services through Knowledge Sharing

The Financial Sector Knowledge Sharing Project collaborated with USAID missions to develop effective and efficient financial sector programs that increase access to financial services and develop well-functioning markets worldwide.
​The Financial Sector Knowledge Sharing Project (FS Share), a task order under the Financial Sector Blanket Purchase Agreement (FS BPA), captured some of the best practices in the financial sector and disseminated them to USAID mission staff, helping to increase USAID’s return on investment, promote the integration of international standards, and improve the efficiency of global financial markets.
 


FS Share identified financial sector best practices and aggregated those best practices through model scopes of work, primers, diagnostic tools, best practice case analyses, white papers, and other tools. Toolkits, case studies, success stories, and guides have been created to provide mission staff an online “one-stop shop” for technical resources in financial sector development through the USAID/EGAT website, where FS Share materials are regularly posted as well as the Development Experience Clearinghouse. Upon project closeout, FS Share produced flash drives containing a final report and a comprehensive collection of deliverables and tools produced by the project to further facilitate use by USAID missions and other donors worldwide.
 
The project also conducted financial sector assessments, designed and implemented pilot interventions, supported USAID with financial sector development training and capacity building, and connected USAID staff to external resources on best practice in response to Mission demand to improve financial sector programming.
 
FS Share performed myriad demand-driven activities, including conducting financial sector assessments, conducting case analyses and feasibility studies to innovate the use of mobile money, implementing high-impact pilot activities, and providing capacity building to introduce new trade finance and agricultural finance products.
 
The project worked in fourteen countries, including the Maldives, Indonesia, West Bank/Gaza, Azerbaijan, Armenia, Afghanistan, Colombia, Haiti, DRC, Zambia, Tanzania, Malawi, Ghana, and El Salvador, as well as developed extensive regional resources and case studies. FS Share leveraged more than $2.2 million in buy-ins from USAID missions and operating units and other government agencies and donors.
 
The project collaborated with many other Chemonics projects in addition to the World Bank, IFC, Commonwealth Secretariat, and other donors and international financial institutions.
 
Project Results
  • An FS Share pilot activity in Armenia resulted in new small and medium enterprise (SME) loan products provided by two commercial banks and more than $227,000 in SME loans disbursed to 14 Armenian SMEs.
  • In Afghanistan, FS Share led a fiscal sustainability study, developing a revenue estimation model and training stakeholders on its use and manipulation. FS Share also recommended next steps for a public financial management roadmap supporting the U.S. Government’s Transition 2014 planning. 
  • FS Share facilitated a demand survey and workshop designed to increase financial inclusion through expanding mobile money in Malawi. A key result was the formation of a Consultative Group led by the Reserve Bank of Malawi that is advancing the mobile money action plan drafted by FS Share, with support from the World Bank and USAID, and incorporating input from all organizations participating in the workshop. FS Share also facilitated feasibility assessments and action plans to support mobile money in order to increase financial inclusion in Indonesia and Afghanistan. 
  • FS Share produced an Agricultural Lending Toolkit to support strengthening of agricultural lending units within financial institutions. The toolkit includes a comprehensive inventory of ready-to-use templates, tools, and case studies for financial institutions to identify, prepare, review, and rate agricultural credit transactions. The toolkit was piloted with two commercial banks in the DRC, refined, and implemented again with a microfinance institution in Ghana. After these pilots, the toolkit was revised once more and an accompanying training manual and series of training presentations were developed to facilitate implementation of the toolkit in other countries and with other financial institutions worldwide. In the first four months after the pilots in the DRC, Trust Merchant Bank disbursed four agricultural loans of approximately $25,000 each and Banque Internationale pour l’Afrique du Congo disbursed an agricultural loan of $300,000.

Project Links:

Final Report

Project Duration: 2008 - 2012

    impact

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