Access to Financial Services and the Financial Inclusion Agenda around the World : A Cross-Country Analysis with a New Data Set

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.

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Bibliographic Details
Main Authors: Ardic, Oya Pinar, Heimann, Maximilien, Mylenko, Nataliya
Language:English
Published: 2011-01-01
Subjects:ACCESS TO CREDIT, ACCESS TO FINANCE, ACCESS TO FINANCIAL SERVICES, ACCESS TO SAVING, AFFORDABLE FINANCIAL SERVICES, ATM, ATM NETWORK, ATMS, BALANCE SHEETS, BANK ACCESS, BANK ACCOUNT, BANK ACCOUNTS, BANK BRANCH, BANK BRANCH NETWORK, BANK BRANCH NETWORKS, BANK BRANCHES, BANK DEPOSIT, BANK DEPOSITS, BANK INTEREST MARGINS, BANK LOAN, BANK LOANS, BANKING MARKETS, BANKING SECTOR, BANKING SERVICES, BANKING SYSTEM, BANKS, BARRIER, BASIC FINANCIAL SERVICES, BORROWING, BUSINESS CLIMATE, BUSINESS ENVIRONMENT, CAPITAL ACCOUNT, CAPITAL ACCOUNT TRANSACTIONS, CHECKING, CHECKING ACCOUNT, CHECKING FEES, COMMERCIAL BANK, COMMERCIAL BANK BRANCHES, COMMERCIAL BANK LOAN, COMMERCIAL BANK LOANS, COMMERCIAL BANKS, CONSUMER, CONSUMER LOAN, CONSUMER LOANS, CONSUMER PROTECTION, CONTRACT ENFORCEMENT, CONTRIBUTION, COOPERATIVE BANKING, COOPERATIVES, COUNTRY TO COUNTRY, CREDIT ACCESS, CREDIT INFORMATION, CREDIT INFORMATION SYSTEMS, CREDIT PORTFOLIO, CREDIT QUALITY, CREDIT UNIONS, CREDITOR, CREDITOR RIGHTS, DATA AVAILABILITY, DEBT, DEMOGRAPHIC, DEPOSIT, DEPOSIT ACCOUNT, DEPOSIT ACCOUNTS, DEPOSIT INSURANCE, DEPOSIT INTEREST, DEPOSIT INTEREST RATE, DEPOSIT RATE, DEPOSIT SERVICES, DEPOSIT VOLUME, DEPOSIT VOLUMES, DEPOSITOR, DEPOSITORS, DEPOSITS, DEVELOPING COUNTRIES, DEVELOPMENT BANK, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ELECTRONIC TRANSACTIONS, ENFORCEMENT PROCEDURES, ENTREPRENEURSHIP, EXCLUSION, FDIC, FINANCE CORPORATION, FINANCIAL ACCESS, FINANCIAL ACCESS INDICATORS, FINANCIAL CONSUMER, FINANCIAL CRISES, FINANCIAL CRISIS, FINANCIAL DEVELOPMENT, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL LITERACY, FINANCIAL OPENNESS, FINANCIAL REGULATOR, FINANCIAL REGULATORS, FINANCIAL SECTOR, FINANCIAL SECTOR INFRASTRUCTURE, FINANCIAL SECTOR REFORM, FINANCIAL SECTOR REFORMS, FINANCIAL SERVICE, FINANCIAL STABILITY, FINANCIAL SYSTEM, FINANCIAL SYSTEMS, FINANCING OBSTACLES, FIRM GROWTH, FOREIGN BANK, FORMAL FINANCIAL SERVICES, GOVERNANCE INDICATORS, GOVERNMENT BANK, GREATER ACCESS, GROSS DOMESTIC PRODUCT, GROWTH RATE, HOUSEHOLD ACCESS, HOUSEHOLDS, INCOME, INCOME DISTRIBUTION, INCOME GROUPS, INEQUALITY, INFLATION, INFLATION RATE, INSURANCE SCHEME, INTEREST RATE, INTEREST RATE SPREAD, INTEREST RATE SPREADS, INTERNATIONAL BANK, INTERNATIONAL DEVELOPMENT, INTERNATIONAL FINANCE, LEGAL CONSTRAINTS, LEGAL ENVIRONMENT, LEGAL RIGHTS, LENDERS, LENDING INTEREST RATE, LEVELS OF ACCESS, LEVELS OF CREDIT, LIABILITY, LIABILITY SIDES, LIVING STANDARD, LOAN, LOAN AMOUNT, LOAN APPLICATION, LOAN APPLICATIONS, LOAN VOLUME, LOAN VOLUMES, LOANS TO INDIVIDUALS, LOW INCOME, LOW-INCOME, LOW-INCOME COUNTRIES, LOWER INCOME, LOWER INTEREST RATE, MACROECONOMIC CONDITIONS, MACROECONOMIC STABILITY, MANDATES, MEDIUM ENTERPRISES, MFIS, MICROFINANCE, MICROFINANCE INSTITUTIONS, MIDDLE-INCOME COUNTRIES, MINIMUM BALANCE, MONETARY FUND, NONBANKS, OFFSHORE BANKING, OFFSHORE FINANCIAL CENTER, OFFSHORE FINANCIAL CENTERS, OUTPUT, OUTREACH, OUTSTANDING LOAN, OUTSTANDING LOANS, POLICY ENVIRONMENT, POLITICAL STABILITY, POST OFFICES, PRIVATE REGISTRY, PRIVATE SECTOR DEVELOPMENT, PROFITABILITY, PROVIDERS OF CREDIT, PUBLIC POLICY, PUBLIC REGISTRY, RATE OF INFLATION, RATES OF GROWTH, REGIONAL DUMMIES, REGULATORY REQUIREMENTS, RESEARCH ASSISTANCE, RURAL ACCESS, RURAL FINANCE, SAVINGS, SMALL ENTERPRISES, SOURCE OF CREDIT, SUSTAINABLE DEVELOPMENT, TAX, TAX INCENTIVE, TAX INCENTIVES, TERMS OF LOANS, TOTAL DEBT, UNION, URBAN AREAS,
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110118141442
https://hdl.handle.net/10986/3310
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