Yonis, Manex B.Ambel, Alemayehu A.Di Salvo, FrancescoRawlins, Marlon R.2025-04-292025-04-292025-04-29https://hdl.handle.net/10986/43135The report seeks to inform how the country can accelerate nationwide integration into the formal financial system to enable progress in poverty reduction, equality, and other relevant reforms under the HGERA. The report supports the ongoing reforms in the financial sector and identifies strategic priorities and types of interventions. The goal is to fully understand the extent to which individuals in the country access and use formal financial services. Measuring financial inclusion, quantifying the effectiveness of initiatives such as mobile banking, banking agents, and financial education programs, and identifying and understanding the pathways to enabling people to enter the financial system is essential for policymakers and practitioners working to develop and design policies and programs meant to promote financial inclusion. In this regard, the report emphasizes looking at various indicators simultaneously to measure the progress of financial inclusion. The objective of the study is to examine the evolution of the financial inclusion of individuals over time, identify the pathways that enable an individual’s decision to move out of being unbanked, define the channels people use to enter the financial system, and explore opportunities to drive up equitable financial inclusion. The study also measures financial inclusion in different dimensions and reviews their simultaneous development. It provides evidence to validate constraints to and enablers of financial inclusion in the context of gender and spatial disparities in the socioeconomic landscape. While the study explores the factors that contribute to or hinder financial inclusion, it emphasizes the role of human capital, which is financial knowledge and awareness, as well as technology, in promoting financial inclusion.en-USCC BY-NC 3.0 IGOECONOMIC GROWTHNO POVERTYPOVERTY REDUCTIONFINANCIAL SECTOR REFORMSHUMAN CAPITAL AND TECHNOLOGYReportWorld Bank10.1596/43135