Global Microscope 2016
Report

Global Microscope 2016

The Enabling Environment for Financial Inclusion

The Economist Intelligence Unit
EIU, 2016
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8

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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.

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 to extending financial services to all, and these nations implement regulations that support financial inclusion. India in particular has made significant advances in the areas of government support for financial services expansion.

These trends are not all favorable, however. Even...

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

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