Latin America and the Caribbean (LAC) and East and South Asia have the most conducive environments for financial inclusion; India, Haiti, and Egypt are among the most improved countries this year.
Access to affordable, diverse financial services is expanding and deepening in many parts of the world, according to The Economist Intelligence Unit’s (EIU) 2015 Global Microscope on Financial Inclusion. Two-thirds of the 55 countries studied have improved their enabling environment for financial inclusion in all areas in the past year. Peru, Colombia, and the Philippines remain at the forefront of the international country rankings.
Developed by the EIU in collaboration with the Multilateral Investment Fund (a member of the Inter- American Development Bank Group) and CAF—Development Bank of Latin America, and with additional financial and technical support from the Center for Financial Inclusion at Accion and the MetLife Foundation, the Microscope is intended to benchmark national progress on financial inclusion and catalyse reform. The Global Microscope 2015 assesses the regulatory ecosystem for financial inclusion by evaluating 12 indicators across a range of developing economies in East and South Asia, Eastern Europe and Central Asia, Latin America and the Caribbean, Middle East and North Africa, and Sub-Saharan Africa. This year’s Microscope is the ninth edition of the study and the second that looks beyond microfinance, evaluating countries across the wider landscape of financial inclusion.