La route des Balkans reste toujours l'une des principales voies d'accès l'Union européenne, pour les exilés du Proche et du Moyen Orient, d'Afrique ou d'Asie. Alors que les frontières Schengen se ferment, Frontex se déploie dans les Balkans, qui sont toujours un « sas d'accès » à la « forteresse Europe ». Notre fil d'infos en continu.
- Le fil de l'Info / Bosnie-Herzégovine, Albanie, Kosovo, Bulgarie, Questions européennes, Populations, minorités et migrations, Migrants Balkans, Courrier des Balkans, Croatie, Turquie, Grèce, Moldavie, Macédoine du Nord, Monténégro, Slovénie, Roumanie, Serbie, Gratuit, Grèce immigrationLa route des Balkans reste toujours l'une des principales voies d'accès l'Union européenne, pour les exilés du Proche et du Moyen Orient, d'Afrique ou d'Asie. Alors que les frontières Schengen se ferment, Frontex se déploie dans les Balkans, qui sont toujours un « sas d'accès » à la « forteresse Europe ». Notre fil d'infos en continu.
- Le fil de l'Info / Bosnie-Herzégovine, Albanie, Kosovo, Bulgarie, Questions européennes, Populations, minorités et migrations, Migrants Balkans, Courrier des Balkans, Croatie, Turquie, Grèce, Moldavie, Macédoine du Nord, Monténégro, Slovénie, Roumanie, Serbie, Gratuit, Grèce immigrationLa route des Balkans reste toujours l'une des principales voies d'accès l'Union européenne, pour les exilés du Proche et du Moyen Orient, d'Afrique ou d'Asie. Alors que les frontières Schengen se ferment, Frontex se déploie dans les Balkans, qui sont toujours un « sas d'accès » à la « forteresse Europe ». Notre fil d'infos en continu.
- Le fil de l'Info / Bosnie-Herzégovine, Albanie, Kosovo, Bulgarie, Questions européennes, Populations, minorités et migrations, Migrants Balkans, Courrier des Balkans, Croatie, Turquie, Grèce, Moldavie, Macédoine du Nord, Monténégro, Slovénie, Roumanie, Serbie, Gratuit, Grèce immigrationSanktionen sind ein zentrales Instrument in der Außen- und Sicherheitspolitik der Europäischen Union. Ihre Durchsetzung hängt mit davon ab, dass die EU nicht nur politisch, sondern auch strafrechtlich auf Verstöße gegen restriktive Maßnahmen reagieren kann, die sie verhängt hat. Einer entsprechenden Strafverfolgung sind bislang jedoch enge nationalstaatliche Grenzen gesetzt. Aus diesem Grund haben Frankreich und Deutschland bereits 2022 vorgeschlagen, das Mandat der Europäischen Staatsanwaltschaft (EUStA) auf die Verletzung von EU-Sanktionen auszuweiten. Dies scheiterte an ungenügender Unterstützung im Rat der EU. Daran änderte auch nichts, dass 2024 eine Richtlinie erlassen wurde, die Straftatbestände und Mindeststrafen bei Verstößen gegen restriktive Maßnahmen der Union definierte. Der Machtwechsel in Ungarn und die für 2026 vorgesehene Bewertung (und mögliche Überarbeitung) des EUStA-Mandats bieten eine Chance, um das Thema erneut aufzugreifen.
Financial constraints are one of the most severe obstacles for the operation and development of small and medium-sized enterprises (SMEs), especially in low- and middle-income countries (LMICs). Yet women and women-led enterprises are disproportionally affected, which leads to a gender gap in access to finance. This paper uses panel estimation techniques, namely a correlated random effects model, for 1,655 financial institutions from 109 mostly LMICs for the years 2000 to 2019 to examine empirically whether there are purely economic incentives for financial institutions to scale up their lending activities towards women and women-led enterprises. Going beyond the microfinance sector, this study provides – to the best of my knowledge – the first empirical evidence on this question for banks and bank-like financial institutions that serve higher credit market segments. I find positive and significant effects on the quality of the loan portfolio (lower portfolio at risk), income streams (higher portfolio yield) and the overall financial performance (captured by return on assets or profit margin). Since economic incentives and profitability considerations are crucial in steering the decisions of financial institutions with regard to credit allocations, the banks’ self-interest could lead to management decisions and internal directives to favor female loan applicants, which could contribute to closing the gender gap in access to finance. Furthermore, the findings on the positive effects on banks’ financial performance give policymakers and regulators leeway to push financial institutions through more restrictive policy measures and regulatory requirements to direct more loans to women and women-led firms.
Financial constraints are one of the most severe obstacles for the operation and development of small and medium-sized enterprises (SMEs), especially in low- and middle-income countries (LMICs). Yet women and women-led enterprises are disproportionally affected, which leads to a gender gap in access to finance. This paper uses panel estimation techniques, namely a correlated random effects model, for 1,655 financial institutions from 109 mostly LMICs for the years 2000 to 2019 to examine empirically whether there are purely economic incentives for financial institutions to scale up their lending activities towards women and women-led enterprises. Going beyond the microfinance sector, this study provides – to the best of my knowledge – the first empirical evidence on this question for banks and bank-like financial institutions that serve higher credit market segments. I find positive and significant effects on the quality of the loan portfolio (lower portfolio at risk), income streams (higher portfolio yield) and the overall financial performance (captured by return on assets or profit margin). Since economic incentives and profitability considerations are crucial in steering the decisions of financial institutions with regard to credit allocations, the banks’ self-interest could lead to management decisions and internal directives to favor female loan applicants, which could contribute to closing the gender gap in access to finance. Furthermore, the findings on the positive effects on banks’ financial performance give policymakers and regulators leeway to push financial institutions through more restrictive policy measures and regulatory requirements to direct more loans to women and women-led firms.
Financial constraints are one of the most severe obstacles for the operation and development of small and medium-sized enterprises (SMEs), especially in low- and middle-income countries (LMICs). Yet women and women-led enterprises are disproportionally affected, which leads to a gender gap in access to finance. This paper uses panel estimation techniques, namely a correlated random effects model, for 1,655 financial institutions from 109 mostly LMICs for the years 2000 to 2019 to examine empirically whether there are purely economic incentives for financial institutions to scale up their lending activities towards women and women-led enterprises. Going beyond the microfinance sector, this study provides – to the best of my knowledge – the first empirical evidence on this question for banks and bank-like financial institutions that serve higher credit market segments. I find positive and significant effects on the quality of the loan portfolio (lower portfolio at risk), income streams (higher portfolio yield) and the overall financial performance (captured by return on assets or profit margin). Since economic incentives and profitability considerations are crucial in steering the decisions of financial institutions with regard to credit allocations, the banks’ self-interest could lead to management decisions and internal directives to favor female loan applicants, which could contribute to closing the gender gap in access to finance. Furthermore, the findings on the positive effects on banks’ financial performance give policymakers and regulators leeway to push financial institutions through more restrictive policy measures and regulatory requirements to direct more loans to women and women-led firms.
Financial constraints are one of the most severe obstacles for the operation and development of small and medium-sized enterprises (SMEs), especially in low- and middle-income countries (LMICs). Yet women and women-led enterprises are disproportionally affected, which leads to a gender gap in access to finance. This paper uses panel estimation techniques, namely a correlated random effects model, for 1,655 financial institutions from 109 mostly LMICs for the years 2000 to 2019 to examine empirically whether there are purely economic incentives for financial institutions to scale up their lending activities towards women and women-led enterprises. Going beyond the microfinance sector, this study provides – to the best of my knowledge – the first empirical evidence on this question for banks and bank-like financial institutions that serve higher credit market segments. I find positive and significant effects on the quality of the loan portfolio (lower portfolio at risk), income streams (higher portfolio yield) and the overall financial performance (captured by return on assets or profit margin). Since economic incentives and profitability considerations are crucial in steering the decisions of financial institutions with regard to credit allocations, the banks’ self-interest could lead to management decisions and internal directives to favor female loan applicants, which could contribute to closing the gender gap in access to finance. Furthermore, the findings on the positive effects on banks’ financial performance give policymakers and regulators leeway to push financial institutions through more restrictive policy measures and regulatory requirements to direct more loans to women and women-led firms.