Financial inclusion matters. When an emergency strikes or unexpected expenses happen, too many people around the world are left without access to their money or the ability to make an easy digital payment. Today, only about half of adults in developing countries can access extra money with little or no difficulty. Instead, they often turned on reliable sources, potentially exposing them to fraud, theft, and other risks. Hear from Leora Klapper, Lead Economist in the World Bank's Development Research Group, and learn why having access to financial services doesn't just matter during challenging times. Formal accounts at a bank or similar institution or on a mobile phone gives people a safe place to store money, allowing them to save education and retirement, or make and receive payments securely. For women especially, having a formal account provides them greater privacy, security, and control over their own money. Accounts enable financial independence and strengthen economic empowerment. Learn more: [ Ссылка ]
00:00 Financial inclusion matters
00:30 Benefits of access to financial services
ABOUT THE WORLD BANK GROUP 🌐 The World Bank Group is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. [ Ссылка ]
