Summary of Global Microscope 2016

The Enabling Environment for Financial Inclusion

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Global Microscope 2016 summary
Developing countries have made considerable strides in furthering financial inclusion, but they could do more.
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Recommendation

Providing low-income populations in developing markets with access to savings and checking accounts, loans, and other financial services is a major step toward opening up economic opportunities for entrepreneurs and individuals. Since 2006, mobile banking and other technologies have dramatically expanded progress in this area. At the same time, enormous disparities in access remain. getAbstract recommends this enlightening article to bankers, government officials and others interested in how developing economies are extending the availability and use of financial services among their populations.

In this summary, you will learn

  • How financial inclusion in developing economies has expanded since 2006,
  • How countries rank in terms of financial inclusion,
  • How they might improve and
  • What nations are doing to support financial inclusion.
 

Summary

According to a recent benchmarking analysis of 55 developing countries, those nations that lead in promoting and increasing financial inclusion among their people – such as Colombia, Peru, India and the Philippines – are consistent in their efforts. Their policy decisions show a long-term commitment...
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About the Author

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

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