Information Economy Report 2005

E-Commerce and Development

image of Information Economy Report 2005

This Report illustrates the vigorous efforts being undertaken by many developing countries to catch up with their more developed partners in the dissemination and use of ICT. However, it also shows that the gaps are still far too wide and the catching-up far too uneven for the promise of a truly global information society, with its attendant benefits for sustainable social and economic development, to materialize without the sustained engagement of national Governments, the business sector and civil society, and the tangible solidarity of the international community.



E-credit information, trade finance and e-finance: Overcoming information asymmetries

In most developing countries financial service providers are not yet in a position to use modern credit risk management techniques to provide short-term working capital and trade finance to local enterprises at competitive terms. An important reason for such a situation is the lack of credit reporting systems. Many developing countries still need to establish functional credit information systems in order to improve the quality of financial information on enterprises and rate them as credit risks.


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