Financial Inclusion Essay Sample - Sample Essays.
Financial inclusion relates to the provision of affordable financial services like, access to payments, remittance facilities, savings, loans and insurance services by the formal financial system to those who tend to be excluded.The list of publications is automatically pulled from the World Bank’s library of externally available documents based on keywords relevant to the financial inclusion topic. These documents include formal publications, working papers, and informal series from departments around the Bank Group, as well as operational and publicly-disclosed projects documents.Financial inclusion is defined as the availability and equality of opportunities to access financial services. Those that promote financial inclusion argue that financial services can be viewed as having significant positive externalities when more people and firms participate.
Financial inclusion has been identified as one of the effective policy tools used by government developed countries in fighting and reducing poverty level given its ability to facilitate efficient allocation of productive resources, that reducing the cost of capital.Any opinions, findings, conclusions or recommendations expressed in this material are those of the authors and do not necessarily reflect the views of UK Essays. Financial exclusion can be broadly defined as the inability to access basic financial services due to problems associated with access.
The Financial Action Task Force (FATF) is the global money laundering and terrorist financing watchdog. The inter-governmental body sets international standards that aim to prevent these illegal activities and the harm they cause to society. As a policy-making body, the FATF works to generate the necessary political will to bring about national.
