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March
10–13, 2003
World
Bank Headquarters, Washington, D.C.
Organized
by the Financial Sector Vice Presidency of the World
Bank and the World Bank Institute
Policymakers
in developing and developed economies recognize the
social and economic importance of housing investment.
It accounts for between 25 and 35 percent of overall
investments around the world, and is the primary investment
in many households. Further, mortgage markets are
a critical component of financial systems, as mortgages
represent one of the largest classes of low-risk assets
for domestic financial markets. Housing finance markets
are closely integrated to domestic financial markets,
and especially to domestic bond markets.
In
this context, the World Bank Group has organized the
upcoming seminar on Housing Finance in Emerging Markets:
Policy and Regulatory Challenges. The seminar responds
to a critical need among financial sector officials
and practitioners for a systematic discussion about
the development of strong housing finance markets.
The program will address step-by-step the process
of building a housing finance system: property rights,
collateral and foreclosure laws, fundamentals of mortgage
lending, and simple forms of bond funding, and social
housing policy. The latter part of the seminar will
explore challenges of more advanced housing finance
markets: secondary mortgage markets, regulation and
best practices, credit insurance and guarantee schemes,
and advanced securitization. The program will combine
presentations from experts with panels and discussions
to explore individual country experiences.
Thank
you for joining this initiative!
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