The Basic Set covers both individuals and small and medium sized enterprises (SME's) and includes data from three sources and 192 countries. World Bank Data Catalog (8) World Cities Day (10) World Development . The world's stock of digital data will double every two years through 2020, fueled by the phenomenal intersection of and growth in mobile, cloud, big data, electronic payments, and social. 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 . The G20 Basic Set of Financial Inclusion data repository includes detailed data from users and providers of financial services. Principles for Digital Financial Inclusion. (Global Findex database, 2017) 14%. 4. It includes data from the World Bank's microdata, finances and energy data platforms, as well as datasets from the open data catalog…. As prepared for delivery. 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 estimated increase in global poverty in 2020 is truly unprecedented. Chapter 2. Data is available for 2017, 2014, and 2011. 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. About 1.7 billion adults remain unbanked—without an account at a financial institution or through a mobile money provider. Financial Inclusion in Malaysia: Distilling Lessons for Other Countries was prepared by a team of the Finance and Markets Global Practice of the World Bank Group consisting of Jose De Luna Martinez (task team leader) and Sergio Campillo-Diaz. 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 paper was written by a team: Ruth Goodwin- (57) World Development Report 2019 (19) World Development Report 2020 (8) World Development Report 2021 (30) World Environment Day (14) World Food Day (11) World Health Day (10) World . Co-hosted by International Monetary Fund, Carnegie Endowment for International Peace, World Bank, and the World Economic Forum. Collection: Global Financial Inclusion (Global Findex) Database. Attribution: Please cite the work as follows: World Bank (2020) "Leveraging Islamic Fintech to Improve Financial Inclusion", World Bank, Washington, DC. Showing 1-15 of 436 studies. 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 . Each profile draws on Women, Business and the Law data from 1970 to 2020. Between 2014 and 2017, the share of adults who have an account with a financial institution or through a mobile money service rose globally from 62 percent to 69 percent. Financial inclusion is on the rise. the World Bank's Goal of Universal Financial Access by 2020 the G20 Digital Financial Inclusion Indicators Learn more about The Global Findex Database 2017: Measuring Financial Inclusion and the . 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 It presents the most current and accurate global development data available, and includes national, regional and global estimates. Despite this progress, 1.7 billion adults still remain unbanked and inequalities persist. The World Bank Group and partners set an ambitious goal to achieve Universal Financial Access (UFA) by 2020. comprehensiveness, in selecting the G20 Financial Inclusion Indicators. national financial inclusion targets, and ultimately the global 'Universal Financial Access 2020' goal, imple-mented by the World Bank along with the International Telecommunications Union (ITU). Covering more than 150 economies, the indicators of financial inclusion measure how people save, borrow, make payments and manage risk. Over the years, MIX had . 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. 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. Enhancing financial inclusion can improve resistance to economic shocks, boost productivity of businesses, facilitate female empowerment and help eradicate extreme poverty . 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. The World Bank says remittance inflows to Nigeria declined by 28 per cent in 2020 because of COVID-19 pandemic. USSD Unstructured Supplementary Service Data WB World Bank WBG World Bank Group WSME Women-led Small and Medium Enterprises . Cameroon. Data is available for 2017, 2014, and 2011. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of 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 . (8) Global value chains (GVCs) powered the surge of international trade after 1990 and now account for almost half of all trade. The World Bank Group Global Knowledge and . 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. Despite this progress, 1.7 billion adults still remain unbanked and inequalities persist. Global Findex data is available for more than 140 countries around the world which make up 97% of the world's population. 1. Evaluates the benefits and potential impact of mobile money, especially for promoting financial inclusion in the developing world, by providing an overview of the key factors driving the growth of services, while considering some of the barriers and obstacles hindering their deployment and identifying emerging issues. The Little Data Book on Financial Inclusion 2018 is a pocket edition of the Global Findex database published in 2018 . The Global Financial Inclusion Database provides over 800 country-level indicators of financial inclusion summarized for all adults and disaggregated by key demographic characteristics?gender, age, education, income, and rural residence. The regional profile series presents data on laws, regulations, and reform trends that advance women's economic empowerment. 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. 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 Mobile money usage and continuance intention among micro enterprises in an emerging market - the mediating role of agent credibility And it adds new data on the use of financial technology (fintech), including the use of mobile phones and the internet to conduct financial transactions. G20 Financial Inclusion Indicators (PDF) Glossary (PDF) Explore Data Dashboards. The UFA goal envisions that, by 2020, adults globally will be able to have access to a transaction account or . Globally, 515 million adults opened an account at a financial institution or through a mobile money service between 2014 and 2017. Financial Inclusion (4093) Financial Sector (4253) Forests (64) Fragility Conflict and . According to the World Bank's Global Financial Inclusion Index (Global Findex), in 2017, 50 per cent of all adults in Bangladesh owned either a financial institution account or mobile money account. Other colleagues, including Wei Zhang, Djauhari Sitorus, Ashraf bin Arshad, Mohamed Rozani Financial access can contribute to poverty alleviation and can help people better manage risks. 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 Financial Inclusion and Cybersecurity in the Digital Age. This report is co-authored by the Better Than Cash Alliance, Women's World Banking and the World Bank Group, for the G20 Global Partnership for Financial Inclusion (GPFI), under the Kingdom of Saudi Arabia's G20 Presidency. 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. In Sub-Saharan Africa and Middle East & North Africa, less than 40% women have a financial account. 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 data represent a third round of data collection since the Global Findex database was launched in 2011. 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. In collaboration with AFI, Bank Negara Malaysia undertakes key roles to promote and advocate financial . Read more about India at the forefront of global growth in financial inclusion: World Bank on Business Standard. In 2011 the World Bank launched the Global Findex database, the world's most comprehensive database on how adults save, borrow, make payments, and manage risks. 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. In 2014 that number was 2 billion. The 2017 Global Findex database shows that 1.2 billion adults have obtained an account since 2011, including 515 million since 2014. The crisis revealed major shortcomings in market discipline, regulation, and supervision. It highlights persistent gaps and identifies best practices to help achieve equality before the law. The bank also said remittance flows fell for Sub-Saharan Africa by 12.5 per cent . World Development Indicators (WDI) is the primary World Bank collection of development indicators, compiled from officially recognized international sources. The Data Catalog is designed to make World Bank's development data easy to find, download, use, and share. Financial inclusion is on the rise globally. This represents a rise from 62% to 69% of the adult population owning an account. 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). Users can download the complete set, view aggregate statistics, or customize graphs, maps and tables. The data sources include the World Bank Global Findex database, IMF Financial Access Survey, Gallup World Poll, World Bank Enterprise Surveys, OECD National Financial Literacy and Financial Inclusion Surveys, OECD Financing Alliance for Financial Inclusion. Read 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. MIX was recognized as the leading global data resource for inclusive finance. The Global Financial Inclusion Database provides over 800 country-level indicators of financial inclusion summarized for all adults and disaggregated by key demographic characteristics?gender, age, education, income, and rural residence. By 2020, 60 percent of this digital data will come from developing economies. This site uses data provided by national central banks and/or other publicly available sources (PDF). (Virtual) Conference on Financial Inclusion and Cybersecurity. and global issues. Created on: Oct 18, 2018 Last modified: Oct 31, 2018 Views: 11801. 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. Argentina, 2017. World Bank Group President Jim Yong Kim and Her Majesty Queen Máxima of the Netherlands, United Nations Secretary General's Special Advocate for Inclusive Finance for Development, put forward a vision to achieve . The Basic Set covers both individuals and small and medium sized enterprises (SME's) and includes data from three sources and 192 countries. By World Bank Group, European Bank for Reconstruction and Development, European Investment Bank Submitted on: 06 Aug, 2020 Global Financial Inclusion (Global Findex) Database 2017 Financial inclusion is on the rise globally. The database provides nationally representative, demand-side data on access to and use of accounts, credit, payments, and . Launched in 2011, it includes more than 100 financial inclusion indicators in a format allowing users to compare access to financial services among adults worldwide -- including by gender, age and household income. The Basic Set measures both access to financial services ("supply-side" data) and usage of services ("demand-side" data). 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 Translations: If you create a translation of this work, please add the following disclaimer along with the attribution: This translation was not created by The World Bank and should Measurement is key to understanding financial inclusion and identifying opportunities to expand it. Yet a bigger gap remains for full financial inclusion. The 2017 Global Findex database shows that 1.2 billion adults have obtained an account since 2011, including 515 million since 2014. Mobile agent outlets per 100,000 adults . Some Indicators on the Level of Financial Inclusion—Demand-Side Data 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. Access versus Inclusion The World Bank Group defines financial access as adults having "access to a transaction account or an electronic instrument to store money, send payments and receive deposits." "Access to an account" may not mean "use of an account." The 2017 Global Findex found that 20 percent of all Access to financial services and financial inclusion are necessary to reduce world's poverty and increase prosperity. 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. Overview. Access the G20 Financial Inclusion Indicators Database Download country-level data >> Powered by the World Bank. This site uses data provided by national central banks and/or other publicly available sources (PDF). As reported recently, the number of bad loans within Indonesia's peer to peer (P2P) lending market had increased to around 8% in July, which is significantly greater than 4.22% in March 2020 and . The Global Findex database provides more than 200 indicators on topics such as account ownership, payments, saving, credit, and financial resilience. The G20 Basic Set of Financial Inclusion data repository includes detailed data from users and providers of financial services. 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 Development Research Group, Finance and Private Sector Development Unit. April 2020 Ceyla Pazarbasioglu, Alfonso Garcia Mora, Mahesh Uttamchandani, . This represents a rise from 62% to 69% of the adult population owning an account. 2017 Findex full report_chapter2.pdf 743.1 KB. Download the Little Data Book on Financial Inclusion ». financial institution or through a mobile money provider. 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. financial inclusion increased between 2014 and 2017, even where tradi-tional financial inclusion was stalling or declining. 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. Financial inclusion will be key to the post-2015 sustainable development goals. This overview distills key findings from each of the six chapters of the 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 . China and India, despite having relatively high account ownership, claim large shares of the global 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). The Global Findex database has become a mainstay of global efforts to promote financial inclusion. It is important to note that while we are now 'looking back' at 2020, our estimates are still relying on extrapolations of household surveys that pre-date 2020. Mongolia. 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. Trading for Development in the Age of Global Value Chains - WDR 2020. 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. Explore raw data about the World Bank Group's finances, including disbursements and management of global funds. The 2014 edition of the database reveals that 62 percent of adults worldwide have an account at a bank or another type of financial Financial inclusion is on the rise. Global Findex data is available for more than 140 countries around the world which make up 97% of the world's population. The data represent a third round of data collection since the Global Findex database was launched in 2011 . 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. Projects & Operations Provides access to basic information on all of the World Bank's lending projects from 1947 to the present. Financial exclusion poses a great challenge, especially, for women entrepreneurs as they try to access capital to start, operate, and/or expand their businesses. In 2014 that number was 2 billion. Covering more than 150 economies, the indicators of financial inclusion measure how people save, borrow, make payments and manage risk. promote financial inclusion. The Global Findex database is the world's most comprehensive set of data on how people make payments, save money, borrow and manage risk. December 10, 2020. Analytic and processing capabilities In Ethiopia, women account for a disproportionate share of the unbanked, and the gap is widening. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. FIGI aims to enable national authorities in developing and emerging mar-kets to better harness the potential of digital technol-ogies for . Globally, 515 million adults opened an account at a financial institution or through a mobile money service between 2014 and 2017. The Global Financial Inclusion (Global Findex) database, launched by the World Bank in 2011, provides comparable indicators showing how people around the world save, bor-row, make payments, and manage risk. Mobile money has transformed the Kenyan economy, where mobile-facilitated . The Little Data Book on Financial Inclusion 2018 is a pocket edition of the Global Findex database published in 2018. Kristalina Georgieva , IMF Managing Director. Actual reported reach is used to update projections as that data become available. Full Report. Rating: 4. The Basic Set measures both access to financial services ("supply-side" data) and usage of services ("demand-side" data). 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. 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.
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