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Enhancing Financial Capability and Inclusion in Senegal: A Demand-Side Survey

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dc.contributor.authorZottel, Siegfried
dc.contributor.authorZia, Bilal
dc.contributor.authorKhoury, Fares
dc.date.accessioned2016-07-12T22:30:33Z
dc.date.available2016-07-12T22:30:33Z
dc.date.issued2016-06
dc.description.abstractFinancial capability, as defined by the World Bank and in this report, is the capacity to act in one’s best financial interest, given socioeconomic and environmental conditions. It encompasses knowledge (literacy), attitudes, skills and behavior of consumers with respect to understanding, selecting, and using financial services, and the ability to access financial services that fit their needs (World Bank 2013d). Financial capability has become a policy priority for policy makers seeking to promote beneficial financial inclusion and to ensure financial stability and functioning financial markets. Today people are required to take increasing responsibility for managing a variety of risks over the life cycle. People who make sound financial decisions and who effectively interact with financial service providers are more likely to achieve their financial goals, hedge against financial and economic risks, improve their household’s welfare, and support economic growth. Boosting financial capability has therefore emerged as a policy objective that complements governments’ financial inclusion and consumer protection agendas. To this end, policy makers are increasingly using surveys as diagnostic tools to identify financial capability areas that need improvement and vulnerable segments of the population which could be targeted with specific interventions. The key findings and recommendations presented in this report cover three main areas: financial inclusion, financial capability, and financial consumer protection. The remaining chapters are structured as follows. Chapter one explores the financial inclusion landscape in Senegal. Chapter two gives an overview of Senegalese levels of financial capability, in particular about their financial knowledge, attitudes, and behaviors. Chapter three explores the relationship between financial inclusion and financial capability. The last chapter investigates if the products which financially included individuals use are effectively meeting their needs.en
dc.identifierhttp://documents.worldbank.org/curated/en/2016/06/26526236/enhancing-financial-capability-inclusion-senegal-demand-side-survey
dc.identifier.doi10.1596/24675
dc.identifier.urihttps://hdl.handle.net/10986/24675
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.subjectECONOMIC DEVELOPMENT
dc.titleEnhancing Financial Capability and Inclusion in Senegalen
dc.title.alternativeAmélioration de la capacité financière et de l’inclusion financière au Sénégal : Une èvaluation de lavaluation de la demandeen
dc.title.subtitleA Demand-Side Surveyen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleEnhancing Financial Capability and Inclusion in Senegal
okr.date.disclosure2016-06-27
okr.doctypePublications & Research
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2016/06/26526236/enhancing-financial-capability-inclusion-senegal-demand-side-survey
okr.guid679621468583298744
okr.guid371101467006421447
okr.guid919081467024378822
okr.identifier.doi10.1596/24675
okr.identifier.externaldocumentum090224b084405347_1_0
okr.identifier.internaldocumentum26526236
okr.identifier.reportACS18885
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2016/06/27/090224b084405347/1_0/Rendered/PDF/Enhancing0fina0a0demand0side0survey.pdfen
okr.region.administrativeAfrica
okr.region.countrySenegal
okr.sectorFinance :: Microfinance
okr.topicFinance and Financial Sector Development::Financial Literacy
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Financial Regulation & Supervision
okr.topicFinance and Financial Sector Development::Microfinance
okr.unitF&M GP GST - 2B Fin Infr & Acc (GFM2B)
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