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Access to financial services and the financial inclusion agenda around the world : a cross-country analysis with a new data set

Author

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  • Ardic, Oya Pinar
  • Heimann, Maximilien
  • Mylenko, Nataliya

Abstract

Recent empirical evidence highlights that access to basic financial services can make a substantial positive difference in improving poor people's lives. Accordingly, financial sector reforms that promote financial inclusion are increasingly at the core of policymakers’ agendas. The Consultative Group to Assist the Poor and the World Bank Group, in response, launched the Financial Access project, including a cross-country database on financial inclusion topics and an annual report to inform the policy debate. Using this database, this paper (i) counts the number of unbanked adults around the world at 56 percent, (ii) analyzes the state of access to deposit and loan services as well as the extent of retail networks, and (iii) discusses the state of financial inclusion mandates around the world.

Suggested Citation

  • Ardic, Oya Pinar & Heimann, Maximilien & Mylenko, Nataliya, 2011. "Access to financial services and the financial inclusion agenda around the world : a cross-country analysis with a new data set," Policy Research Working Paper Series 5537, The World Bank.
  • Handle: RePEc:wbk:wbrwps:5537
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    References listed on IDEAS

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    Cited by:

    1. César Manuel Zulaica Piñeyro, 2013. "Financial Inclusion Index: Proposal Of A Multidimensional Measure For Mexico," Remef - The Mexican Journal of Economics and Finance, Instituto Mexicano de Ejecutivos de Finanzas. Remef, October.
    2. Richard M. Kiai & Stephen I. Ng’ang’a & Josphat K. Kinyanjui & David N. Kiragu, 2016. "The Influence of Demographic Characteristics on Investment on Financially Included Youth in Nyeri and Kirinyaga Counties," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 6(4), pages 196-204, October.
    3. repec:eee:jocaae:v:13:y:2017:i:3:p:263-281 is not listed on IDEAS
    4. Ardic, Oya Pinar & Ibrahim, Joyce A. & Mylenko, Nataliya, 2011. "Consumer protection laws and regulations in deposit and loan services : a cross-country analysis with a new data set," Policy Research Working Paper Series 5536, The World Bank.
    5. Aggarwal, Shilpa & Klapper, Leora & Singer, Dorothe, 2012. "Financing businesses in Africa : the role of microfinance," Policy Research Working Paper Series 5975, The World Bank.
    6. Dhananjay Bapat & Biswa Nath Bhattacharyay, 2016. "Determinants of Financial Inclusion of Urban Poor in India: An Empirical Analysis," CESifo Working Paper Series 6096, CESifo Group Munich.

    More about this item

    Keywords

    Access to Finance; Financial Literacy; Banks&Banking Reform; Debt Markets; Emerging Markets;

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