Video Stories - Making Finance Work for Inclusive Development: European Development Days
Oct 17, 2012 12:00:00 AM Eastern Daylight Time
Today, about 2.7 billion people and 400 million businesses around the world lack basic access to financial services, impeding the development of individuals, businesses, and economies. Access to financial services provides stability and accelerates equitable development and growth for households and businesses. In addition, making financial and microfinance programs accessible for excluded groups such as persons with disabilities — 1 billion people worldwide — has great social and economic impact. This gap is a global challenge, but also an opportunity. New business models are making it possible to provide financial services to those once thought unreachable, thus tackling pervasive development challenges.