Summary of The 2016 Brookings Financial and Digital Inclusion Project Report

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8 Importance

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Working toward financial inclusion is not only about a country developing its financial services sector; it also requires that all individuals have ready access to and can use those resources. The Brookings Institution’s 2016 assessment of financial inclusion scores 26 developing nations on the factors influencing the participation of their lowest-income citizens in the financial system. This user-friendly report provides ample country-specific data and suggestions for increasing financial inclusion. getAbstract recommends this comprehensive study to policy makers, financial executives and activists seeking to extend financial services to all population segments.

In this summary, you will learn

  • What financial inclusion means,
  • How to measure it and
  • What governments can do to improve financial inclusion in their countries.
 

About the Authors

John D. Villasenor, Darrell M. West and Robin J. Lewis work at Brookings’ Center for Technology Innovation.

 

Summary

The concept of financial inclusion involves the engagement of individuals from low-income population groups in financial product offerings, especially essential services such as payments and savings. It is an important aspect of a household’s financial health and a country’s economic expansion.
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