Publication:
The Economic Opportunity for Financial Inclusion of Forcibly Displaced People (FDP) by the Financial Sector in Brazil

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dc.contributor.authorInternational Finance Corporation (IFC)
dc.date.accessioned2024-06-21T18:31:16Z
dc.date.available2024-06-21T18:31:16Z
dc.date.issued2024-06-21
dc.description.abstractThis study was commissioned by the International Finance Corporation (IFC) to identify opportunities that foster the financial inclusion of the community of Forcibly Displaced People (FDP) in Brazil. The study provides concrete business opportunities for the provision of sustainable financial services to refugees and migrants in the country. It also provides recommendations for the financial sector and other stakeholders who aim to serve the FDP community locally. For the study, the term FDP includes both refugees and migrants, from different nationalities, living in Brazil for more than six months. The following analysis and insights are based on a comprehensive market assessment on the current demand and supply of financial and non-financial services for FDP in Brazil. An online survey resulted from 1,070 respondents captured data on the socioeconomic profiles of the FDP population in Brazil, as well as their needs for financial and non-financial services. On the demand side, 20 individual in-depth interviews and 8 focus groups with refugees and migrants mainly from Venezuela, Bolivia, and Haiti were conducted. On the supply side, desk research was conducted, and interviews were held with representatives from 16 Brazilian Financial Service Providers (FSPs), including: large private banks, mid-sized private financial institutions, fintech and digital banks, Microfinance Institutions (MFIs), public financial institutions, and state development agencies. Additional interviews were conducted with international and local organizations that support the FDP population in Brazil. This study provides the necessary inputs to elaborate or improve institutional strategies that recognize the economic opportunity related to the financial inclusion of the FDP community in Brazil. Realistic business cases illustrate the additional market potential and strategic opportunities for FSPs.en
dc.identifierhttp://documents.worldbank.org/curated/en/099214206042424874/IDU1a867709a1f46e14fca1af4e169e34d06b9b8
dc.identifier.doi10.1596/41758
dc.identifier.urihttps://hdl.handle.net/10986/41758
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectFDP
dc.subjectFDP MARKET
dc.subjectFINANCIAL NEEDS
dc.subjectMARKET SEGMENTATION
dc.subjectSUPPLY ANALYSIS
dc.subjectSDG 8
dc.titleThe Economic Opportunity for Financial Inclusion of Forcibly Displaced People (FDP) by the Financial Sector in Brazilen
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleThe Economic Opportunity for Financial Inclusion of Forcibly Displaced People (FDP) by the Financial Sector in Brazil
okr.date.disclosure2024-06-21
okr.date.lastmodified2024-06-04T00:00:00Zen
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/099214206042424874/IDU1a867709a1f46e14fca1af4e169e34d06b9b8
okr.guid099214206042424874
okr.identifier.docmidIDU-a867709a-f46e-4fca-af4e-69e34d06b9b8
okr.identifier.doihttps://doi.org/10.1596/41758
okr.identifier.externaldocumentum34333053
okr.identifier.internaldocumentum34333053
okr.identifier.report190874
okr.import.id4556
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099214206042424874/pdf/IDU1a867709a1f46e14fca1af4e169e34d06b9b8.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.countryBrazil
okr.topicSocial Protections and Labor
okr.topicFinance and Financial Sector Development::Financial Sector and Social Assistance
okr.unitFinance and Private Sector 1 (ECSF1)
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