Source: The Guardian
From savings accounts to Paypal, many of us rely heavily on a whole host of financial services that are just not available to poor communities.
According to the World Bank, 2.3bn people - over half the adult population of the world - have no access to formal, regulated financial services. This is not just an economic loss. The physical and psychological vulnerability that comes from being financially excluded makes it a social justice issue also. So what’s being done about it?
From central banks to microfinance institutions and now telecomms companies, there have never been more organisations working to give poor people access to financial services and products. But how much do they talk to each other? How much do they share lessons from success and failure?
The Global Development Professionals Network has always sought to be the space where best practice is shared, and thought-leadership published to drive learning and change in development. This three-month campaign aims to bring what we think has been missing in the financial inclusion space: one coherent conversation that involves all the actors.
At the end of the campaign we will publish a ‘financial inclusion manifesto’. This will bring together the social media highlights, best content, your comments and graphics from the duration of the campaign. We are keen for our readers to be involved so get in touch if you would like to be.