Stein, PeerRandhawa, BikkiBilandzic, Nina2015-04-142015-04-142011https://hdl.handle.net/10986/21742This report highlights key trends, challenges, and opportunities for advancing financial inclusion and presents major high-level policy recommendations for consideration by the Group of 20 (G-20) policy makers to benefit a wider range of developing countries, including many non-G-20 countries. The report serves a broad audience, ranging from policy makers, development finance institutions, and the private sector to experts seeking a synopsis of the key subtopics relevant for financial inclusion and areas of work for advancing progress. The report is organized into four sections. The first recommends broad goals and agenda items to accelerate progress in financial inclusion. The second defines the financial inclusion concept and its importance for economic growth and poverty reduction. The third section provides a snapshot of each of the pillars presented as part of the recommendations, and the fourth section summarizes the way forward. The report also contains an annex that takes a closer look at the microfinance industry as a case in point for reviewing the successes, innovations, and lessons learned, which are critical for the broader discussion on financial inclusion.en-USCC BY-NC-ND 3.0 IGOABUSIVE LENDINGACCESS BARRIERSACCESS INDICATORSACCESS POINTSACCESS TO CREDITACCESS TO EDUCATIONACCESS TO FINANCEACCESS TO FINANCIAL SERVICESACCESS TO FINANCINGACCOUNT HOLDERSADVISORY SERVICESAFFORDABILITYAFFORDABLE PRICESALLOCATION OF FUNDSBANK ACCOUNTBANK FAILURESBANK LENDINGBANKING ACCOUNTSBANKING INDUSTRYBANKING SERVICESBANKING SYSTEMBANKRUPTCYBENEFITS OF CREDITBORROWERBORROWINGBUSINESS ENTERPRISECAPITAL ADEQUACYCAPITAL STOCKCASH DEPOSITCASH FLOWCASH MANAGEMENTCASHLESS TRANSACTIONSCHECKING ACCOUNTCHECKING ACCOUNTSCOLLATERALCOMMERCIAL BANKSCONSUMER CONFIDENCECONSUMER DEBTCONSUMER PROTECTIONCONSUMER PROTECTIONSCOST OF CREDITCOST OF REMITTANCESCREDIT BUREAUCREDIT BUREAUSCREDIT CARDCREDIT COOPERATIVESCREDIT GAPCREDIT GUARANTEESCREDIT HISTORIESCREDIT HISTORYCREDIT INFORMATIONCREDIT INFORMATION SYSTEMSCREDIT POLICIESCREDIT PRODUCTSCREDIT REGISTRIESCREDIT REPORTCREDIT REPORTINGCREDIT REPORTSCREDIT RISKCREDIT RISKSCREDITORCREDITORSCREDITWORTHINESSDEBIT CARDDEBTDEPOSITDEPOSIT ACCOUNTDEPOSITORSDEVELOPMENT BANKDEVELOPMENT BANKSDEVELOPMENT FINANCEDEVELOPMENT FINANCE INSTITUTIONSDISPOSABLE INCOMEDIVERSIFICATIONDONOR SUPPORTE-PAYMENTSECONOMIC ACTIVITIESECONOMIC ACTIVITYECONOMIC GROWTHECONOMIC POLICYEDUCATION SYSTEMEMPLOYERSEMPOWERMENTENTERPRISE FINANCINGENTREPRENEURSEQUITY FUNDSEXCHANGE RATEEXCHANGE RATESFAMILIESFEMALE BORROWERSFINANCIAL ACCESSFINANCIAL DEPTHFINANCIAL EDUCATIONFINANCIAL INFRASTRUCTUREFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL INSTRUMENTSFINANCIAL INTERMEDIARIESFINANCIAL MARKETFINANCIAL MARKETSFINANCIAL PRODUCTSFINANCIAL REGULATIONSFINANCIAL REGULATORSFINANCIAL SECTOR DEVELOPMENTFINANCIAL SERVICEFINANCIAL SERVICE PROVIDERSFINANCIAL SERVICESFINANCIAL SERVICES INDUSTRYFINANCIAL SERVICES PROVIDERSFINANCIAL SYSTEMFINANCIAL SYSTEMSFINANCIAL TECHNOLOGYFORMAL BANKINGFORMAL FINANCIAL SERVICESGENDERGENDER EQUALITYGOVERNMENT INTERVENTIONSGREATER ACCESSGROWTH OPPORTUNITIESGUARANTORHIDDEN SUBSIDIESHOME IMPROVEMENTHOUSEHOLD INCOMEHOUSEHOLDSINEQUALITIESINEQUALITYINFORMATION ASYMMETRIESINFORMATION INFRASTRUCTUREINFORMATION INFRASTRUCTURESINFRASTRUCTURE DELIVERYINSTITUTIONAL REFORMINSTITUTIONAL REFORMSINTEREST RATESINTERMEDIARY BANKSINTERNATIONAL BANKINTERNATIONAL FINANCEINVESTMENT DECISIONSINVESTMENT OPPORTUNITIESLACK OF ACCESSLENDERLENDERSLENDING DECISIONSLOANLOAN APPROVALLOAN APPROVAL RATELOAN DEFAULTLOAN DELINQUENCIESLOAN RECOVERIESLOAN RECOVERYLOW-INCOME CONSUMERSLOW-INCOME FAMILIESMFIMFISMICROCREDITMICROFINANCEMICROFINANCE INSTITUTIONSMICROFINANCE LENDINGMICROINSURANCEMIGRANT REMITTANCESMINIMUM BALANCEMONEY TRANSFERSMORAL HAZARDMORTGAGEMORTGAGE DEBTOPERATING COSTSPARTIAL CREDITPAYMENT HISTORYPAYMENT SERVICESPAYMENTS SERVICESPENSION FUNDSPERSONAL FINANCEPOINT-OF-SALEPOINT-OF-SALE TERMINALSPOLICY ENVIRONMENTPOLICY ENVIRONMENTSPOOR CLIENTSPOSTAL BANKSPREDATORY LENDINGPROPERTY AS COLLATERALPROPERTY RIGHTSPUBLIC CREDITPUBLIC FINANCEPUBLIC-PRIVATE PARTNERSHIPSRATES OF INTERESTREAL ESTATEREAL ESTATE AS COLLATERALREMITTANCEREMITTANCESREPAYMENTREPAYMENT CAPACITYREPAYMENT PERIODSRISK MANAGEMENTRISK MITIGATIONRURAL ASSETSAVINGSSAVINGS ACCOUNTSAVINGS ACCOUNTSSAVINGS MECHANISMSSAVINGS PRODUCTSAVINGS PRODUCTSSAVINGS SERVICESSECURITIESSELF-EMPLOYMENTSMALL BORROWERSSMALL BUSINESSSMALL BUSINESSESSMALL LOANSSMART CARDSSUPPLY CHAINSTRANSACTION COSTTRANSACTION COSTSUNEMPLOYMENTUNIVERSAL ACCESSWELFARESWORKING CAPITALWorking PaperInternational Finance Corporation10.1596/21742