Financial inclusion in Southeast and Central Asia
As in the 2015 Brookings Financial and Digital Inclusion Project (FDIP) Report, none of the FDIP countries in Asia placed among the top five countries in the scorecard component of the second annual FDIP report. The FDIP scorecard assessed the 26 FDIP focus countries on four dimensions of financial inclusion, including country commitment to advancing access to and usage of formal financial services; mobile capacity; the regulatory environment for financial services (particularly with respect to digital financial services); and the adoption of selected traditional and digital financial services.
With that said, trends across several FDIP countries in Southeast and Central Asia reflect positive developments in the global financial inclusion ecosystem. For example, according to the World Bank’s Global Financial Inclusion (Global Findex) database, account penetration among adults living in the poorest 40 percent of households in Vietnam and Indonesia more than doubled between 2011 and 2014.
[Read article at the Brookings Institution site]
[Download the 2016 Financial and Digital Inclusion Project Report]
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