MPFD Policy Briefs No. 44, July 2016, Enhancing financial inclusion in Asia and the Pacific

MPFD Policy Briefs No. 44, July 2016, Enhancing financial inclusion in Asia and the Pacific

Date: 
Tuesday, July 12, 2016
Type: 
Public information and advocacy materials
Abstract

Designing financial inclusion strategies is a significant tool for ending poverty. It not only provides access to financial services and enhances the financial literacy of the poor, but it also allows micro, small and medium enterprises (MSMEs), startups and young firms, and innovative projects greater access to finance. However, the level of financial inclusion and its impact on poverty, employment and narrowing the gender gap varies widely across countries. Policies, therefore, need to be mainstreamed to improve full and equal access to financial services for all, with appropriate attention given to financial stability matters.

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