Thursday
June 25
2020

Report: Financial Inclusion Can Help Curb Detrimental Effects of Inequality

By Dr Roxana Gutiérrez-Romero & Dr Mostak Ahamed

The study forecasts that over 240 million people worldwide will be pushed into poverty by 2021 if no adequate measures are taken to prevent this. The results of the study contrast with earlier studies which have shown that financial inclusion is associated with lower levels of poverty only in high- and upper-middle income economies.

Photo courtesy of coyot.

Source: Queen Mary University of London (link opens in a new window)

Categories
Coronavirus, Finance
Tags
coronavirus, financial inclusion, financial services, mobile banking, poverty