Financial Inclusion in Developing Asia: Transactional Accounts, Savings, and Borrowing
Mylenko, Nataliya; Park, Donghyun | August 2015
Abstract
ADB Briefs are based on papers or notes prepared by ADB staff and their resource persons. The series is designed to provide concise, nontechnical accounts of policy issues of topical interest, with a view to facilitating informed debate. The Department of External Relations administers the series. In this issue, ADB Briefs talks about three key dimensions of financial inclusion are especially relevant for empowering the poor: transactional accounts, savings, and borrowing. There is significant scope for improving all three dimensions. For example, 1.3 billion Asian
adults—or 46% of the adult population—have accounts in formal financial institutions, a much lower figure than the 90%
in high-income countries. In order for finance to empower Asia’s poor, policy efforts must give due regard to the last mile,
i.e., not just broadening access to finance, but inducing the actual, beneficial use of finance.
Citation
Mylenko, Nataliya; Park, Donghyun. 2015. Financial Inclusion in Developing Asia: Transactional Accounts, Savings, and Borrowing. © Asian Development Bank. http://hdl.handle.net/11540/5111. License: CC BY 3.0 IGO.PDF ISBN
978-92-9257-063-7
Print ISBN
978-92-9257-062-0
ISSN
2071-7202 (Print); 2218-2675 (e-ISSN)
Keywords
Urban Development Finance
Trade Finance
Rural Finance
Regional Development Finance
Public Finance
Project Finance
Private Finance
Local Government Finance
International Financial Institutions
Fight Against Poverty
Poverty Analysis
Poverty In Developing Countries
Poverty Reduction Efforts
Urban Poverty
National Budget
Local Government
International Monetary Relations
International Financial Market
Development Indicators
Special assessments
Intergovernmental fiscal relations
Sustainable development
Economic forecasting
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Citable URI
http://hdl.handle.net/11540/5111Metadata
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