The Global Findex database provides more than 200 indicators on topics such as account ownership, payments, saving, credit, and financial resilience. The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. It is centered on support for Malaysia's vision to join the ranks of high-income economies by 2020 through inclusive and sustainable growth and to share its lessons with . Despite this progress, 1.7 billion adults still remain unbanked and inequalities persist. The World Bank Group (WBG) has identified country-level opportunities for opening up access to transaction accounts through the Universal Financial Access framework and data model ().The UFA2020 initiative is focusing on 25 countries where 73% of all financially excluded people live: Bangladesh, Brazil, China, Colombia, Cote d'Ivoire, DRC, Egypt, Ethiopia, India, Indonesia, Kenya, Mexico . The Global Financial Development Report 2019/2020 provides new data and evidence on the regulatory remedies adopted to prevent future financial instability and sheds light on ongoing policy debates. World Development Indicators (WDI) is the primary World Bank collection of development indicators, compiled from officially recognized international sources. This site uses data provided by national central banks and/or other publicly available sources (PDF). The World Bank Group considers financial inclusion a key enabler to reduce extreme poverty and boost shared prosperity, and has put forward an ambitious global goal to reach Universal Financial Access (UFA) by 2020. The database provides nationally representative, demand-side data on access to and use of accounts, credit, payments, and . By The World Bank (WB), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB) Submitted on: 13 Jul, 2020 Global Financial Inclusion (Global Findex) Database 2017 Each profile draws on Women, Business and the Law data from 1970 to 2020. In keeping with the World Bank Group's initiative to provide universal financial access by 2020, the 2015 GPSS survey includes a data module on transaction accounts and diversified access points as key drivers of financial access. Overview. The interactive data portal on the World Bank Open Data website, which features the G20 Financial Inclusion Indicators, provides open data on financial services in more than 200 economies worldwide, bringing together data from a variety of sources. As prepared for delivery. Financial access can contribute to poverty alleviation and can help people better manage risks. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. This represents a rise from 62% to 69% of the adult population owning an account. Principles for Digital Financial Inclusion. firms, financial products, or services, are presented for illustrative purposes only and do not constitute an endorsement by the World Bank Group, the G20 Global Partnership for Financial Inclusion, or its members. This represents a rise from 62% to 69% of the adult population owning an account. Digital financial inclusion is evolving from "spend" to "lend," and tends to fill a gap: both payments and lending develop where the traditional delivery of financial services is less present. The Data Catalog is designed to make World Bank's development data easy to find, download, use, and share. The Little Data Book on Financial Inclusion 2018 75 Country data East Asia & Pacific Lower middle income Indonesia Population, age 15+ (millions) 188.9 GNI per capita ($) 3,400 East Asia & Pacific Lower middle income 48.9 70.6 57.8 36.1 69.1 41.9 19.6 55.1 28.9 48.4 70.3 56.1 35.9 68.9 40.6 19.6 55.1 28.9 3.1 1.3 5.3 MORE >. The Global Partnership for Financial Inclusion (GPFI) is an inclusive platform for all G20 countries, interested non-G20 countries and relevant stakeholders to carry forward work on financial inclusion, including the implementation of the Financial Inclusion Action Plan, endorsed at the G20 Summit in Seoul. In 2014 that number was 2 billion. Alliance for Financial Inclusion. Collection: Global Financial Inclusion (Global Findex) Database. About 1.7 billion adults remain unbanked—without an account at a financial institution or through a mobile money provider. Global Findex data is available for more than 140 countries around the world which make up 97% of the world's population. Data is available for 2017, 2014, and 2011. Rating: 4. Over the years, MIX had . Covering more than 150 economies, the indicators of financial inclusion measure how people save, borrow, make payments and manage risk. financial institution or through a mobile money provider. Mongolia. (Virtual) Conference on Financial Inclusion and Cybersecurity. #Finaccess2020 The report lists how the number of account holders in the country has risen from 35% of the adults in 2011 and 53% in 2014 to 80% in 2017 The Basic Set measures both access to financial services ("supply-side" data) and usage of services ("demand-side" data). Read more. Figure 1 shows the annual change in the number of global extreme poor from 1992 to 2020. Showing 1-15 of 436 studies. Financial inclusion will be key to the post-2015 sustainable development goals. Financial inclusion is on the rise. Box 1.1. Drawing on 10 years of data and analysis, the Global Financial Development Report 2019/2020 uncovers new evidence on the regulatory remedies adopted to prevent future financial troubles, and particularly the impact of reforms on market discipline and bank capital. and Grameen Bank, Bangladesh continues to lag behind in global financial inclusion indicators. In 2014, an estimated 2 billion adults lacked access to a transaction account (Global Findex 2014) and were excluded from the formal financial system.In response, the World Bank Group (WBG) with private and public sector partners set an ambitious target to achieve Universal Financial Access (UFA) by 2020. The 2020 G20 FIAP—a revision of the earlier 2010, 2014 and 2017 editions—comes at a time of crisis, as the COVID-19 pandemic represents an extraordinary global challenge that is having a profound impact on the global economy, including challenges for individuals and businesses, especially those related to financial inclusion. To address comprehensively the root causes of financial exclusion, Da Afghanistan Bank (DAB), the central bank, has launched in September 2019 the first National Financial Inclusion Strategy (NFIS) for Afghanistan (2020-2024). Chapter 2. Enhancing financial inclusion can improve resistance to economic shocks, boost productivity of businesses, facilitate female empowerment and help eradicate extreme poverty . This site uses data provided by national central banks and/or other publicly available sources (PDF). It was also well known for MIX Market, a data hub where financial service providers and supporting organizations shared institutional data to broaden transparency and market insight (the data is currently hosted on the World Bank's website). According to the 2017 World Bank Global Findex Study, an estimated 1.7 billion adults lack access to a transaction account and are excluded from the formal financial system. Yet a bigger gap remains for full financial inclusion. Other colleagues, including Wei Zhang, Djauhari Sitorus, Ashraf bin Arshad, Mohamed Rozani The Global Findex database has become a mainstay of global efforts to promote financial inclusion. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor . Covering more than 150 economies, the indicators of financial inclusion measure how people save, borrow, make payments and manage risk. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. AFI is a global network, with headquarters in Malaysia, of policymakers comprising 100 member institutions with the aim of making financial services more accessible to the world's 1.7 billion unbanked. Financial Inclusion and Cybersecurity in the Digital Age. Co-hosted by International Monetary Fund, Carnegie Endowment for International Peace, World Bank, and the World Economic Forum. The 2017 Global Findex database shows that 1.2 billion adults have obtained an account since 2011, including 515 million since 2014. Mobile money has transformed the Kenyan economy, where mobile-facilitated . In collaboration with AFI, Bank Negara Malaysia undertakes key roles to promote and advocate financial . promote financial inclusion. It presents the most current and accurate global development data available, and includes national, regional and global estimates. (Global Findex database, 2017) 14%. Financial inclusion is on the rise. Photo: Binyam Teshome/World Bank The World Bank Group (WBG), with private and public sector partners, set an ambitious target to achieve Universal Financial Access (UFA) by 2020. The World Bank Group's projected reach is based on engagement activities linked to project targets, constraints of unbanked adults and attribution of financial inclusion strategies. It includes data from the World Bank's microdata, finances and energy data platforms, as well as datasets from the open data catalog…. Because account ownership is nearly universal in high-income economies, virtu - ally all unbanked adults live in developing economies. Effect of Financial Inclusion on Poverty and Vulnerability to Poverty: Evidence Using a Multidimensional Measure of Financial Inclusion Social Indicators Research, Vol.149, No.2 4 January 2020 The role of cognitive and personality characteristics in timely microcredit repayment: Evidence from a survey conducted by Provident, Mexico
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