Responsible Finance Forum

Policy Frameworks to Support Women's Financial Inclusion

16 March 2016
Source:  Alliance for Financial Inclusion (AFI)
 
 Women's World Banking

The importance of improving fnancial inclusion for women is receiving an increasing amount of attention. Recent research provides solid evidence that when women—50% of the world’s population—participate in the fnancial system, there are signifcant benefts in terms of economic growth, greater equality and societal well-being. However, despite signifcant advances in fnancial inclusion for both men and women between 2011 and 2014, women still lag behind in access and usage of fnancial products and services.

What needs to be done to close the gender gap? This study looks at the efforts of policymakers and central bankers in different countries who are fne-tuning an enabling environment for the fnancial inclusion of women. Evidence has shown that policy measures to increase fnancial inclusion need to be country-specifc, based on each country’s gender gap and unique challenges and opportunities.

The policies featured in this paper are examples of promising policy solutions to advancing fnancial inclusion for women. These policies can be adapted and integrated in national fnancial inclusion strategies and other policy initiatives to close the persistent gender gap in fnancial inclusion.