Publication: Financial Exclusion : A New Angle to Urban Poverty in Latin America
Date
2005-09
ISSN
Published
2005-09
Author(s)
Solo, Tova M.
Abstract
Data gathered during studies conducted
over the past four years in Mexico City, Mexico (Distrito
Federal); Bogota, Colombia, and in several Brazilian cities
suggests that in these countries somewhere between 65 and 85
percent of households are "unbanked", those who do
not hold any kind of deposit or transaction account in any
formal sector financial institution. This note addresses
what can be done to bring banking to the unbanked - and vice
versa using five cases from the region: 1) the Nicaragua
Broad Based Access to Finance Project focuses on increasing
the number of points of service to remote and unattended
communities; 2) the Colombia Business Productivity and
Efficiency Development Policy Loan also emphasizes increased
service points through regulatory reform; 3) in Mexico, the
National Savings and Financial Services Bank (BANSEFI for
its acronym in Spanish) projects help to promote new service
providers with state of the art technology and regulatory
services; and 4) Brazil's government has developed
alternative service payment systems and regulations to
encourage access to savings.
Citation
“Solo, Tova M.. 2005. Financial Exclusion : A New Angle to Urban Poverty in Latin America. en breve; No. 77. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/fc9d2912-43ff-5013-87b3-e4a32c49c519 License: CC BY 3.0 IGO.”