FINANCEInsolvency of Mobile Money Firms in Developing CountriesOverview for Policy Makers Andres F. Martinez, Will Paterson, and Jonathan Greenacre E Q U I T A B L E G R O W T H , F I N A N C E & I N S T I T U T I O N S N O T E SPublic Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure Authorized© 2023 International Bank for Reconstruction and Development / The World Bank1818 H Street NW, Washington DC 20433Telephone: 202-473-1000; Internet: www.worldbank.orgThis work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy, completeness, or currency of the data included in this work and does not assume responsibility for any errors, omissions, or discrepancies in the information, or liability with respect to the use of or failure to use the information, methods, processes, or conclusions set forth. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Nothing herein shall constitute or be construed or considered to be a limitation upon or waiver of the privileges and immunities of The World Bank, all of which are specifically reserved.Rights and PermissionsThe material in this work is subject to copyright. Because The World Bank encourages dissemination of its knowledge, this work may be reproduced, in whole or in part, for noncommercial purposes as long as full attribution to this work is given. Any queries on rights and licenses, including subsidiary rights, should be addressed to World Bank Publications, The World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2625; e-mail: pubrights@worldbank.org. Cover photo: Shutterstock.com. Further permission required for reuse.>>> Acknowledgments This note was authored by Andres F. Martinez, Will Paterson (Finance, Competitiveness and Innovation Global Practice, World Bank Group), and Jonathan Greenacre (Boston University). The authors thank those who provided comments, in particular: Holti Banka, Harish Natarajan, Ahmed Tawfik Rostom, Matthew Saal and Gynedi Srinivas (World Bank Group); Stefan Staschen and Patrick Meagher (CGAP); Teresa Rodriguez de las Heras Ballell (Universidad Carlos III de Madrid); and the FCI Global Insolvency & Debt Resolution Team.The authors are also grateful to World Bank colleagues Jean Pesme (Global Director, Finance), Mahesh Uttamchandani (former Practice Manager, EFNFI) and Niraj Verma (acting Practice Manager, EFNFI) for their guidance.Contents>>>Acknowledg...
