fbpx

Report

IDS Evidence Report 176

Questioning Three Fundamental Assumptions in Financial Inclusion

Published on 1 February 2016

Financial inclusion has rapidly ascended global development policy agendas. Between 2 billion and 2.5 billion adults worldwide do not use formal financial services, which a multifaceted coalition of actors is committed to changing.

For the World Bank, ‘financial inclusion represents a core topic, given its implications for reducing poverty and boosting shared prosperity’. Such views are widely echoed by other international bodies such as the United Nations organisations, Organisation for Economic Co-operation and Development and the G20, and numerous governments around the world are implementing or developing financial inclusion strategies.

This report investigates a number of assumptions which are commonly held by proponents of financial inclusion, and discusses the consequences of these assumptions. Its purpose is not to argue that the expansion of financial services is harmful or beneficial to poor and low-income households – although both possibilities should be taken into account – but rather to engage decision-makers and academic experts in a deeper reflection of the unquestioned suppositions or conjectures which might underlie the drive to extend financial services universally in developing countries.

Cite this publication

Mader, P. (2016) Questioning Three Fundamental Assumptions in Financial Inclusion, IDS Evidence Report 176, Brighton: IDS

Citation copied

Authors

Image of Philip Mader
Philip Mader

Research Fellow

Publication details

published by
IDS
authors
Mader, P
journal
IDS Evidence Report, issue 176
language
English

Share

About this publication

Research themes
Inclusive Economies

Related content