Publication:
Financial Inclusion in Brazil : Building on Success

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dc.contributor.authorInternational Monetary Fund
dc.contributor.authorWorld Bank
dc.date.accessioned2014-01-30T19:20:43Z
dc.date.available2014-01-30T19:20:43Z
dc.date.issued2013-05
dc.description.abstractThe development of a far reaching correspondent banking network is one of the key factors behind Brazil's success story in financial inclusion. Between 2005 and 2011, the number of correspondents approximately doubled to more than 160,000. The Central Bank encouraged financial institutions to reach out to more distant consumers and to communities where they had not previously been active, including lower income areas, through partnerships with a variety of retail establishments including some with public ties such as the post office network and lottery agencies. Regulators have gradually reduced restrictions on correspondent banking, such as individual approval processes, in response to early successes with this program. The legal framework also facilitated healthy expansion by putting the onus on regulated institutions to train and monitor their correspondents. This Technical Note (TN) does not include an analysis of the causes underlying Brazil's continued high credit cost but many of the issues discussed here may be contributing factors. These include the lack of savings and related dependence on credit which may reduce price elasticity in credit markets; information asymmetries which add to the cost of credit evaluation and increase risk for lenders; and competition issues (as with mobile payments and the so-called no-surcharge-rule on payment methods). The Aide Memoire for the FSAP mission provides further discussion of these important issues.en
dc.identifierhttp://documents.worldbank.org/curated/en/2013/05/18605664/financial-inclusion-brazil-building-success-technical-note-financial-inclusion-brazil-building-success-technical-note
dc.identifier.doi10.1596/16739
dc.identifier.urihttps://hdl.handle.net/10986/16739
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS INDICATORS
dc.subjectACCESS POINTS
dc.subjectACCESS TO ACCOUNTS
dc.subjectACCESS TO BANK
dc.subjectACCESS TO BANK ACCOUNTS
dc.subjectACCESS TO CAPITAL
dc.subjectACCESS TO CREDIT
dc.subjectACCESS TO FINANCE
dc.subjectACCESS TO INFORMATION
dc.subjectADULT EDUCATION
dc.subjectAGRICULTURAL CREDIT
dc.subjectALTERNATIVE SOURCES OF FINANCING
dc.subjectAPPROVAL PROCESSES
dc.subjectATM NETWORK
dc.subjectATM NETWORKS
dc.subjectAUTO LOANS
dc.subjectAVAILABILITY OF CREDIT
dc.subjectBANK ACCOUNT
dc.subjectBANK ACCOUNTS
dc.subjectBANK BRANCHES
dc.subjectBANK LOAN
dc.subjectBANK SERVICES
dc.subjectBANKING NETWORK
dc.subjectBANKRUPTCIES
dc.subjectBANKS
dc.subjectBENEFICIARIES
dc.subjectBORROWER
dc.subjectBUSINESS DEVELOPMENT
dc.subjectCAPITAL MARKETS
dc.subjectCENTRAL BANK
dc.subjectCHAMBER OF COMMERCE
dc.subjectCHAMBERS OF COMMERCE
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMERCIAL CREDIT
dc.subjectCOMMUNITY BANK
dc.subjectCONSUMER CONFIDENCE
dc.subjectCONSUMER PROTECTION
dc.subjectCONSUMER PROTECTIONS
dc.subjectCOOPERATIVE BANKS
dc.subjectCOOPERATIVES
dc.subjectCOOPS
dc.subjectCOST OF CREDIT
dc.subjectCREDIT ACCESS
dc.subjectCREDIT ANALYSIS
dc.subjectCREDIT BUREAU
dc.subjectCREDIT BUREAUS
dc.subjectCREDIT CARD
dc.subjectCREDIT CARD ACCESS
dc.subjectCREDIT CARDS
dc.subjectCREDIT COOPERATIVES
dc.subjectCREDIT DECISION
dc.subjectCREDIT HISTORIES
dc.subjectCREDIT HISTORY
dc.subjectCREDIT INFORMATION
dc.subjectCREDIT INFORMATION SYSTEM
dc.subjectCREDIT MARKETS
dc.subjectCREDIT PRODUCTS
dc.subjectCREDIT PROGRAMS
dc.subjectCREDIT REGISTRIES
dc.subjectCREDIT REGISTRY
dc.subjectCREDIT REPORTING
dc.subjectCREDIT REPORTING SYSTEM
dc.subjectCREDIT REPORTS
dc.subjectCREDIT RISK
dc.subjectCREDIT SCORES
dc.subjectCREDIT SCORING
dc.subjectCREDIT SCORING MODELS
dc.subjectCREDIT SOURCES
dc.subjectCREDITS
dc.subjectCUSTOMER BASE
dc.subjectDATED CHECKS
dc.subjectDEBIT CARD
dc.subjectDEBT
dc.subjectDEBT PAYMENTS
dc.subjectDEFAULT RISK
dc.subjectDEPOSIT
dc.subjectDEPOSIT ACCOUNTS
dc.subjectDEPOSITS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDISCLOSURE REQUIREMENTS
dc.subjectDISCOUNT RATE
dc.subjectDISPUTE RESOLUTION
dc.subjectDIVERSIFICATION
dc.subjectECONOMIC DEVELOPMENT
dc.subjectELECTRONIC PAYMENT
dc.subjectELECTRONIC PAYMENT SYSTEMS
dc.subjectELECTRONIC PAYMENTS
dc.subjectEMERGING ECONOMIES
dc.subjectEMERGING MARKETS
dc.subjectEMPOWERMENT
dc.subjectFARMERS
dc.subjectFINANCIAL ACCESS
dc.subjectFINANCIAL EDUCATION
dc.subjectFINANCIAL FRAUDS
dc.subjectFINANCIAL INNOVATION
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL PRODUCTS
dc.subjectFINANCIAL PROVIDERS
dc.subjectFINANCIAL REGULATORS
dc.subjectFINANCIAL SECTOR ASSESSMENT
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SERVICES PROVIDERS
dc.subjectFINANCIAL SHOCK
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL SYSTEMS
dc.subjectFISCAL REFORMS
dc.subjectFORMAL CREDIT
dc.subjectFORMAL FINANCE
dc.subjectFORMAL FINANCIAL INSTITUTION
dc.subjectFORMAL FINANCIAL INSTITUTIONS
dc.subjectFORMAL FINANCIAL MARKETS
dc.subjectFORMAL SAVINGS
dc.subjectGENDER
dc.subjectGENDER EQUITY
dc.subjectGENDER GAP
dc.subjectHIGH INTEREST RATES
dc.subjectHOUSEHOLDS
dc.subjectHOUSING FINANCE
dc.subjectINCOME LEVEL
dc.subjectINCOME LEVELS
dc.subjectINDEBTEDNESS
dc.subjectINFORMATION ASYMMETRIES
dc.subjectINFORMATION INFRASTRUCTURE
dc.subjectINSTALLMENT
dc.subjectINSTRUMENT
dc.subjectINSURANCE MARKET
dc.subjectINSURANCE PRODUCTS
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTEREST RATES ON LOANS
dc.subjectINVESTMENT CAPITAL
dc.subjectINVESTMENT VEHICLE
dc.subjectLEGAL FRAMEWORK
dc.subjectLENDER
dc.subjectLENDERS
dc.subjectLEVEL OF DEBT
dc.subjectLEVELS OF CREDIT
dc.subjectLINE OF CREDIT
dc.subjectLIVING STANDARD
dc.subjectLOAN
dc.subjectLOAN AMOUNTS
dc.subjectLOAN PORTFOLIO
dc.subjectLOAN PRODUCTS
dc.subjectLOAN PROGRAM
dc.subjectLOAN SIZE
dc.subjectLOANS FROM FAMILY
dc.subjectLOW COST LOANS
dc.subjectMARKET DISTORTIONS
dc.subjectMARKET REGULATORS
dc.subjectMAXIMUM LOAN AMOUNT
dc.subjectMERCHANT
dc.subjectMERCHANTS
dc.subjectMFI
dc.subjectMFIS
dc.subjectMICRO ENTERPRISES
dc.subjectMICROCREDIT
dc.subjectMICROFINANCE
dc.subjectMICROFINANCE INSTITUTION
dc.subjectMICROFINANCE INSTITUTIONS
dc.subjectMICROFINANCE LOANS
dc.subjectMICROINSURANCE
dc.subjectMONETARY FUND
dc.subjectNET WORTH
dc.subjectNEW BUSINESS
dc.subjectOUTREACH
dc.subjectOUTREACH EFFORTS
dc.subjectOUTSTANDING LOAN
dc.subjectPAYMENT SERVICES
dc.subjectPENSION
dc.subjectPENSION SYSTEM
dc.subjectPENSIONS
dc.subjectPERSONAL FINANCE
dc.subjectPERSONAL SAVINGS
dc.subjectPOINT OF SALE
dc.subjectPOST OFFICE
dc.subjectPOST OFFICE NETWORK
dc.subjectPOSTAL BANK
dc.subjectPRIVATE CREDIT
dc.subjectPRIVATE CREDIT BUREAUS
dc.subjectPRIVATE LENDERS
dc.subjectPUBLIC BANK
dc.subjectPUBLIC BANKS
dc.subjectPUBLIC CREDIT
dc.subjectPUBLIC FUNDS
dc.subjectPUBLIC POLICY
dc.subjectPUBLIC REGISTRY
dc.subjectRECESSION
dc.subjectREGULATORY BARRIERS
dc.subjectREGULATORY FRAMEWORK
dc.subjectREPAYMENTS
dc.subjectRESERVE
dc.subjectRESERVE REQUIREMENTS
dc.subjectRISK MANAGEMENT
dc.subjectRURAL CREDIT
dc.subjectSAVINGS
dc.subjectSAVINGS ACCOUNT
dc.subjectSAVINGS ACCOUNTS
dc.subjectSAVINGS INSTRUMENTS
dc.subjectSAVINGS PRODUCTS
dc.subjectSAVINGS RATE
dc.subjectSAVINGS RATES
dc.subjectSECURITIES
dc.subjectSMALL BORROWERS
dc.subjectSMALL BUSINESS
dc.subjectSMALL BUSINESSES
dc.subjectSMALL ENTERPRISES
dc.subjectSMALL LOANS
dc.subjectSOCIAL DEVELOPMENT
dc.subjectSOCIAL SECURITY
dc.subjectSOCIAL WELFARE
dc.subjectSOURCE OF CREDIT
dc.subjectSOURCES OF INCOME
dc.subjectSTOCK MARKET
dc.subjectTAX
dc.subjectTRANSPARENCY
dc.subjectUNEMPLOYMENT
dc.subjectUNSECURED CREDIT
dc.titleFinancial Inclusion in Brazil : Building on Successen
dspace.entity.typePublication
okr.date.disclosure2013-12-05
okr.date.doiregistration2025-05-07T12:02:11.460183Z
okr.doctypeEconomic & Sector Work::Financial Sector Assessment Program (FSAP)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2013/05/18605664/financial-inclusion-brazil-building-success-technical-note-financial-inclusion-brazil-building-success-technical-note
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid836401468017073807
okr.identifier.externaldocumentum000333037_20131205105521
okr.identifier.internaldocumentum18605664
okr.identifier.report83140
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/12/05/000333037_20131205105521/Rendered/PDF/831400FSAP0BR00ox0379884B00PUBLIC00.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.countryBrazil
okr.sectorFinance :: General finance sector
okr.themeRule of law::Legal institutions for a market economy
okr.themeFinancial and private sector development::Regulation and competition policy
okr.themeFinancial and private sector development::Standards and financial reporting
okr.themeFinancial and private sector development::Other financial and private sector development
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicBanks and Banking Reform
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicFinance and Financial Sector Development::Debt Markets
okr.unitFinancial Sector Assessment Prog (FFSFP)
okr.volume1 of 1
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