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Brookings study evaluates access to and usage of affordable financial services across 21 geographically and economically diverse countries
Brookings Institution report addresses three questions: i) whether country commitments make a difference in progress toward financial inclusion; ii) extent to which mobile and other digital technologies advance financial inclusion; and iii) what legal, policy and regulatory approaches promote financial inclusion. Concludes that: i) country commitments matter; ii) movement toward digital financial services will accelerate financial inclusion; iii) geography matters less than policy, legal and regulatory changes; iv) central banks, ministries of finance, ministries of communications, banks, non-bank financial providers, and mobile network operators each have major roles in achieving greater financial inclusion; and v) full financial inclusion cannot be achieved without addressing financial inclusion gender gap and accounting for diverse cultural contexts with respect to financial services.
Publisher:
Others
Release date:
Aug 2015
Type:
Consultative, discussion and issues paper
Peer:
The 2017 Brookings Financial and Digital Inclusion Project Report: Building a Secure and Inclusive Global Financial Ecosystem, The 2016 Brookings Financial and Digital Inclusion Project Report: Advancing Equitable Financial Ecosystems
Topics:
Gender equality, Consumer education and protection, Financial inclusion
Sectors:
Banking, Insurance, Microfinance, Microinsurance
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