Articles by Maren Duvendack
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Guest Articles
Thursday
February 21
2019Don’t Fall for the World Bank’s Bold Claims About Financial Inclusion and the SDGs
"It sounds so simple: Everyone gets access to financial services and – presto – the foundations for the SGDs will be laid." That's the key message Phil Mader and Maren Duvendack took away from World Bank economist Leora Klapper's recent NextBillion post. But that rosy scenario, they say, bears no resemblance to reality. In fact, according to their exhaustive new review of existing research, the inconvenient truth is that financial inclusion is not accelerating progress toward the SDGs – and isn't even fundamental for attaining them.
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