Gender, Policy, and Financial Inclusion
The most recent Findex found that of the world's 2 billion unbanked, 1.1 billion are women. Women face unique obstacles in accessing financial services, some of which result from regulations and policies meant to actuall promote financial inclusion. This blog series discuss what issues are playing a role in the exclusion of women from formal financial services and what can be done to bring more women into the economy.
What do we mean when we say a woman is empowered? How can progress toward empowerment be measured?
Even though Nigeria has a higher level of financial inclusion than Sub-Saharan Africa across three of five indicators, the gender gap in Nigeria is higher. What can be done to lower the barriers to female financial inclusion?
For governments, the collection of sex-disaggregated data begins
a virtuous cycle, where its availability informs stronger, evidence-based policymaking and helps regulators evaluate the effectiveness of policies intended to promote financial inclusion.
What can stakeholders do to facilitate women’s access to finance? How can they ensure that women can participate in the economy without facing constraints and barriers limiting their success?
When women are locked out of the formal economy, development suffers and growth stagnates. Wiping out gender discrimination in financial access is not easy, but certainly incorporating more digital tools can help bridge the gap between men and women.