Financial Inclusion for the Poor – Opportunities and Challenges |

Financial Inclusion for the Poor – Opportunities and Challenges

Synopsis:

It is crucial for the world’s poor to gain access to savings, credit, transfers and insurance, so that they can seize economic opportunities and reduce their vulnerability to shocks. However, half of the world’s population – including 70% of people in developing countries – remain unbanked.

There is a fast growing interest in financial inclusion at the moment. Under the impulse of the G20 Global Partnership for Financial Inclusion, governments are developing national strategies to improve financial access. Technology is also bringing great opportunities to cut costs and expand the reach of banking to the poor. Still, the gaps are not fully bridged.

In the last eighteen years, CGAP, an international global research center, has produced ample research and global good practice guidelines to improve financial inclusion for the poor. The presentation will highlight major opportunities and challenges, the early successes of technology based business models, as well as innovative models for serving the poorest.

In 2012, the Asian Trends Monitoring research team conducted a survey of poor urban households in Southeast Asia. The team will present their results that show how desperately the urban poor need access to better financial services.

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Speaker(s):

Mr. Eric Duflos, Regional Representative for East Asia and the Pacific, Consultative Group to Assist the Poor (CGAP); and
Mr. Johannes Loh, Research Associate, Lee Kuan Yew School of Public Policy

Date:
Wednesday, 24 April 2013
Time:
12:15pm - 1:30pm
Venue:

Seminar Room 3-5
Level 3, Manasseh Meyer
Lee Kuan Yew School of Public Policy
469C Bukit Timah Road
Singapore 259772

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