Dyeing factory Fez, Morocco | Photo by Ihab Fayad, 2017 CGAP Photo Contest Photo by Ihab Fayad, 2017 CGAP Photo Contest

Trends in International Funding for Financial Inclusion

Donors and investors need to continue thinking about and adapting their roles in an increasingly complex financial inclusion landscape. Knowing who is funding what, and where, is a good starting point. It can help funders make informed decisions on funding allocation, improve coordination among funders, and shed light on when and how to adjust their efforts to meet targeted objectives.

The CGAP Cross-Border Funder Survey provides data on the funding flows for financial inclusion, based on the premise that better information leads to better funding decisions. Conducted annually since 2008, and implemented since 2012 in partnership with MIX, a unit at the Center for Financial Inclusion (CFI), it alternates between surveying a full set of 50-plus funders and a smaller set 20-plus of the largest funders worldwide. In years when the smaller set is surveyed, total funding is estimated by adjusting the survey results against the full set of funders. This enables the global estimate to be reported and compared annually despite the differing sample sizes. The CGAP Funder Survey is the most comprehensive resource available on international funding for microfinance and financial inclusion.

2019 Data
Focus Note
Publication

International funders committed approximately US$52 billion to financial inclusion in 2019, a 12 percent increase from the US$46 billion reported in 2018.
Interactive Data
Data

The Funding Explorer is a set of highly interactive analytical dashboards. This tool uses data from the CGAP Funder Survey complemented by publicly available contextual indicators
Data Snapshots
Data

Data snapshots are available at the global and regional levels. The 2019 CGAP Funder Survey reports funding commitments from 54 international funders, both public and private, as of the end of 2019.
2018 Data
Farmer in Madagascar. Photo by Hoang Long Ly, 2018 CGAP Photo Contest.
Publication

International funding increased by 12 percent in 2018 to approximately $47 billion, a trend that has been consistent over the past five years. A third of international funders have been purposefully aligning their financial inclusion efforts to the achievement of SDGs.
This is a snapshot of the Funding Explorer
Data

An interactive analytical dashboard where users can create specific queries from that data. The explorer uses CGAP Funder Survey data complemented by publicly available contextual indicators.
Vietnam plywood. Photo by Hoang Long Ly, 2017 CGAP Photo Contest
Data

Data snapshots are available at the global and regional levels and represent funding commitments from 23 international public and private funders.
2017 Data
Photo by Thang Nguyen Duc, CGAP Photo Contest
Publication

One of the key takeaways from the latest CGAP Funder Survey is that international funders committed US$42 billion to financial inclusion in 2017—a double-digit percentage increase from the prior year. For the first time in five years, public funding has grown faster than private funding.
Photo by Ady Agustian, CGAP Photo Contest
Data

The data snapshots generated here come from the 2017 CGAP Funder Survey. Data snapshots are available at the global and regional levels. The 2017 CGAP Funder Survey reports funding commitments from 54 international funders, both public and private, as of the end of 2017.
Blog

Funding for financial inclusion quadrupled between 2007 and 2017. However, greater coordination is needed to ensure funders focus on filling gaps in the sector without duplicating efforts and they build interventions based on their comparative advantage.
Additional Resources
Blog

Funding for women's financial inclusion is on the rise, but just 10 percent of financial inclusion programs are identified as having a gender component, according to the CGAP Funders Survey.
Blog

Funding for regulatory reform constitutes a small but crucial part of funder support for financial inclusion worldwide. Is it having the intended impact?