Summary of Global Microscope 2014
The Enabling Environment for Financial Inclusion
Financial inclusion involves much more than access to microcredit.
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
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