Inclusive Growth for the Future
I recently moderated a panel on “Inclusive Growth in a Digital Era: Priorities for the Future” during Financial Inclusion Week, powered by the Center for Financial Inclusion in which senior executives shared their insights in a lively conversation. The discussion focused on the findings of the recently published Global Findex Database 2021 by the World Bank.
One of the key insights from the study is that more than a billion people have gained access to basic financial tools over the past decade. However, an additional 1.4 billion people continue to be left out, and reaching this population will be much more challenging.
The panelists included leaders from Accion, Jumia Group, The World Bank and Visa sharing their understanding of the situation and providing insights into their vision for the future. The entire conversation is available here for you to watch on the Financial Inclusion Week website and here are some key takeaways:
The Pandemic Impact
After steady progress in financial inclusiveness for decades, the improvements in battling poverty faltered during the pandemic while those relating to financial inclusion, account access and usage continued to improve. This disproportionally affects the most marginalized sections in the developing world, including women, low-income families, farmers, etc.
