FULL LIST OF FINANCIAL INCLUSION

Globally, Young people access financial services at roughly half the rate of adults.  According to the World Bank’s Global Findex database, youth are 40% less likely to save at banks and 60% less likely to have borrowed.[1]  Without these services, young people have fewer means to manage their assets, invest in education, or grow businesses.  In response, youth inclusive financial services programs are working with regulators, financial services providers, and informal savings group promoters to increase young people’s access to appropriate savings, credit, payment, and insurance products.  At the same time, recognizing that youth often lack the knowledge or experience to use services effectively, programs are offering financial education and life-skills training and information to boost financial capability. 

Over the past three years there has been a growing awareness of the importance and viability of finance for youth among service providers.  However, overall access has not changed significantly, with the proportion of youth savings and borrowing formally barely changing.  In response, youth-inclusive practitioners are looking more closely at the potential of new technologies to boost access and capability - at digital payments and mobile wallets to lower the costs of providing services, “big data” to help banks understand the youth market and reduce the risk of lending, and smart phones to offer new convenient and inexpensive means to teach financial education to youth.  At the same time, there is renewed interest in old technologies such as savings groups to expand access to youth.  Through these new and old technologies, practitioners are working to boost financial inclusion significantly among youth.

 

AWARD: 2018 Zambezi Prize for Innovation in Financial Inclusion

MIT and Mastercard Foundation

Applications Open to Find Africa’s Most Innovative Start-ups Meeting the Greatest Financial Inclusion Challenges

Supporting Young Entrepreneurs: What Works? An Evidence and Learning Review from the YBI network

Youth Business International

An Evidence and Learning review from our global network, commissioned by Youth Business International and their partner EY.

Resource Type: 
Report

Driving Toward Equality: Women, Ride-Hailing, and the Sharing Economy

International Finance Corporation

New technologies and business models are rapidly opening alternative pathways to economic growth in emerging markets, offering opportunities to reshape lives while improving economies.

Resource Type: 
Report

Foresight Africa: Top priorities for the continent in 2018

Brookings Institution

In this year’s Foresight Africa, AGI scholars and invited experts delve deeply into six overarching themes that highlight areas in which African countries and their citizens are taking the lead to achieve inclusive growth.

Resource Type: 
Report

High School Longitudinal Study of 2009 (HSLS:09) Second Follow-Up

U.S. Department of Education, National Center For Education Statistics

This report presents selected findings from the second follow-up of the High School Longitudinal Study of 2009 (HSLS:09). HSLS:09 follows a nationally representative sample of students who were ninth-graders in fall 2009 from the beginning of high school into higher education and the workforce.

Resource Type: 
Report

2018 Global Youth Economic Opportunities Summit

ORGANIZER: 
Making Cents International
DATE: 
Sep 25, 2018 (All day) to Sep 27, 2018 (All day)

On September 25-27, 2018 the Global Youth Economic Opportunities Summit will return for its 12th annual convening in Washington, D.C. Each year, over 550 youth and economic development experts from more than 50 countries gather at the Summit to advance youth social and economic inclusion. Summit attendees expand their global network, exchange knowledge, gain exposure to emerging issues and innovative new tools, and build their technical practice through interactive, hands-on learning. 

Global Money Week

ORGANIZER: 
Child & Youth Finance International (CYFI)
DATE: 
Mar 12, 2018 (All day) to Mar 18, 2018 (All day)

Child & Youth Finance International (CYFI) Global Summit 2018

ORGANIZER: 
Child & Youth Finance International (CYFI)
DATE: 
Jun 20, 2018 (All day) to Jun 22, 2018 (All day)

The CYFI Summit is the major global summit focusing on youth economic citizenship, entrepreneurship, financial education and financial inclusion for children and youth. It aims to bring together more than 200 participants from across CYFI’s global network of more than 100 countries.

Household Matters: Revisiting the Returns to Capital among Female Micro-entrepreneurs

Abdul Latif Jameel Poverty Action Lab (J-PAL)

Despite the prevalence of female entrepreneurs in developing countries, recent research suggests that women do not benefit from loans and grants in the same way that men do, leading to questions about the value of offering financial services to female entrepreneurs. Researchers re-examined data from previous studies in Ghana, India, and Sri Lanka to measure the impact of credit and cash grant variations on micro-enterprise profits in households where women were the only entrepreneurs and in households where other members also had a business.

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