Research & Analysis

2020 Trends in International Funding for Financial Inclusion

Cover of Focus Note

International funders committed US$58 billion for financial inclusion in 2020, an increase of $6 billion from the previous year. Analysis in this paper shows that while private funding growth slowed to 4 percent, public funding grew by 17 percent over 2019 levels,  influenced, in part, by the COVID-19 pandemic.  Analysis of all funder types shows that while financial inclusion is poised to remain a priority for funders in the years ahead, the “what,” the “how,” and the “who” of funding are evolving.

Related Resources


The Funding Explorer contains 5 interactive dashboards that reflect active international financial inclusion funding commitments as of December 31, 2020.

Data snapshots are available at the global and regional levels. The 2020 CGAP Funder Survey analyzes funding commitments from international funders as of the end of 2020.
Sub-topics: Funding Trends