Summary of Global Microscope 2014

The Enabling Environment for Financial Inclusion

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Global Microscope 2014 summary
Financial inclusion involves much more than access to microcredit.

Rating

8 Overall

7 Importance

8 Innovation

8 Style

Recommendation

What started with the promulgation of microcredit among the world’s poorest people has broadened into mobile banking, microinsurance and e-money targeted to unbanked and underserved populations. This report from The Economist Intelligence Unit shows that, although no consensus exists on what a national financial-inclusion strategy should incorporate, some countries have made significant progress in individual areas. But the paper also highlights the untold downside of financial inclusion: Success may result in more debts than assets for the poor. getAbstract recommends this wide-ranging report on financial services in the developing world.

In this summary, you will learn

  • How countries rank in furthering financial inclusion
  • What challenges governments and providers face in banking the poor and underserved
 

Summary

Financial inclusion is a fast-changing, innovative field, and its purview has broadened from microfinance to microinsurance, electronic cash and mobile banking. A survey across 55 developing countries of financial-inclusion practices, as well as of the regulatory oversight of market conduct and innovation...
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About the Author

The Economist Intelligence Unit is an independent research and analysis organization.


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