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Global Financial Development Report 2014: Financial Inclusion
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Global Financial Development Report 2014: Financial Inclusion

really liked it 4.00  ·  Rating details ·  1 rating  ·  1 review
Financial inclusion has become a major subject of interest among policymakers, researchers, and other financial sector stakeholders. Many countries, for example, have recently adopted explicit financial inclusion strategies with targets for financial inclusion. The interest reflects an increased recognition that financial inclusion can be a driver of economic growth and ...more
Paperback, 222 pages
Published November 7th 2013 by World Bank Publications (first published November 1st 2013)
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Usman Chohan
Jan 09, 2014 rated it really liked it
Despite its importance as a driver of economic development, financial inclusion has not received adequate attention from key decision makers as the following observations will demonstrate

• Only 50% of adults worldwide have a bank account.
• In developed countries account penetration may exceed 90%, but in developing countries it is a staggeringly low 25%.
• Only 9% of adults take a loan of some kind.
• Only 36% of adults saved money in 2012. This was 58% in developed markets but less than 30% in
...more
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The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and most famous development bank in the world and is an observer at the United Nations Development Group. The bank is based in Washington, D.C. and provided around $61 billion in loans and assistance to "developing" and transition countries in the 2014 ...more