Investment in financial inclusion reached a historic high of $37 billion in 2016, marking a 9 percent increase from the previous year and three straight years of growth.While public funding from aid agencies and development finance institutions still makes up the lion’s share of commitments, private funding is growing more rapidly. How and where is funding going? Is it focused on countries that need it most? CGAP’s latest annual funder survey reports on data from the world’s 23 largest funders of financial inclusion.
The Consultative Group to Assist the Poor is a global partnership of more than 30 leading organizations that seek to advance financial inclusion. CGAP develops innovative solutions through practical research and active engagement with financial service providers, policy makers, and funders to enable approaches at scale. Housed at the World Bank, CGAP combines a pragmatic approach to responsible market development with an evidence-based advocacy platform to increase access to the financial services the poor need to improve their lives.