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Financial Inclusion and Digital Financial Inclusion of Forcibly Displaced Persons: Strategies and Challenges

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  • Ozili, Peterson K

Abstract

Forced displacement poses a challenge to development. It displaces men, women, and children from their places of residence, making them strangers in another community and country. In the host country, they often lack legal identity. As a result, they cannot access basic formal financial services because financial service providers won’t serve them without formal legal identification. This puts forcibly displaced persons in a vulnerable situation. Financial inclusion for forcibly displaced persons, if it can be achieved, can give them access to basic financial services, which they can use to build resilience and cope with the humanitarian crises that accompany forced displacement. This study identifies some strategies to increase financial inclusion for forcibly displaced persons. It also highlights some challenges that may be encountered in advancing financial inclusion for forcibly displaced persons. The insights offered in this article are useful for development policymaking. It is also useful to academics, policymakers, and practitioners involved in activities, projects, or programs that are aimed at restoring the livelihoods of vulnerable people.

Suggested Citation

  • Ozili, Peterson K, 2025. "Financial Inclusion and Digital Financial Inclusion of Forcibly Displaced Persons: Strategies and Challenges," MPRA Paper 125563, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:125563
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    File URL: https://mpra.ub.uni-muenchen.de/125563/1/MPRA_paper_125563.pdf
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    References listed on IDEAS

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    1. Shijiang Chen & Mingyue Liang & Wen Yang, 2022. "Does Digital Financial Inclusion Reduce China’s Rural Household Vulnerability to Poverty: An Empirical Analysis From the Perspective of Household Entrepreneurship," SAGE Open, , vol. 12(2), pages 21582440221, June.
    2. Diego Esparza & Jessica Lucas & Enrique Martinez & James Meernik & Ignacio Molinero & Victoria Nevarez, 2020. "Movement of the people: Violence and internal displacement," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 23(3), pages 233-250, September.
    3. Chei Bukari & Isaac Koomson & Samuel Kobina Annim, 2024. "Financial inclusion, vulnerability coping strategies and multidimensional poverty: Does conceptualisation of financial inclusion matter?," Review of Development Economics, Wiley Blackwell, vol. 28(2), pages 462-498, May.
    4. Kara, Alper & Zhou, Haoyong & Zhou, Yifan, 2021. "Achieving the United Nations' sustainable development goals through financial inclusion: A systematic literature review of access to finance across the globe," International Review of Financial Analysis, Elsevier, vol. 77(C).
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    Keywords

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    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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