The CGAP Cross-Border Funder Survey, based on commitments from the 23 largest international funders of financial inclusion, shows that funder commitments to financial inclusion in 2016 reached a historic high of US$37 billion in 2016. Sub-Saharan Africa drives growth in funding—commitments to this region increased by 30 percent in 2016, reaching US$3.5 billion through 611 active projects.
International funding increased 9 percent to $33.8 billion in 2015, marking a new high for investment in financial inclusion. Funders said the greatest challenges they currently face are adapting their strategies and improving the range of funding instruments available, followed by the low performance of their portfolios.
International funding for financial inclusion plateaued in 2014 at $31 billion after steadily increasing in previous years. The mix of public and private funding remained largely unchanged with public funding comprising 72 percent of the total. But the pressing issue confronting the industry most commonly cited this year was global priorities, such as climate change and migration.
What is the current landscape of financial inclusion funding, and what can we learn from the global trends? This blog series explores the data from the 2015 CGAP Funders Survey, completed in partnership with MIX.