scholarly journals Whither Financial Inclusion? Performance of Bangladesh in the 2017 Global Findex

2018 ◽  
Vol 2 (2) ◽  
pp. 14-18
Author(s):  
Sajid Amit
Keyword(s):  
World Bank ◽  
Digital Economy ◽  
Financial Inclusion ◽  
Demand Side ◽  
The Third ◽  
The World Bank ◽  
The World

On April 19, 2018, the third Global Findex Database was released by the World Bank at the Bank’s Spring Meetings. According to CGAP, this dataset is “the financial inclusion community’s best demand-side measure of financial inclusion globally.” Overall, the dataset points to an increasingly inclusive financial world that is also transitioning to a digital economy. Bangladesh, too, made impressive gains in certain yardsticks for financial inclusion based on this dataset. For instance, the share of people with financial accounts increased from 29 percent to 41 percent, in three years. However, financial inclusion yardsticks should go beyond opening of bank and financial accounts and also encompass usage of accounts. It is only when people are actively using their accounts will we have meaningful financial inclusion.

The Deterioration of the Food Situation in the Third World and the Capitalist System

1981 ◽  
Vol 11 (2) ◽  
pp. 247-262
Author(s):  
Ernest Feder
Keyword(s):  
World Bank ◽  
Third World ◽  
Agricultural Development ◽  
Green Revolution ◽  
Capitalist System ◽  
The Third ◽  
The World Bank ◽  
The World ◽  
Staple Foods ◽  
The Third World

Hunger and malnutrition are today associated with the capitalist system. The evidence points to a further deterioration of the food situation in the Third World in the foreseeable future, as a result of massive capital and technology transfers from the rich capitalist countries to the underdeveloped agricultures operated by transnational concerns or private investors, with the active support of development assistance agencies such as the World Bank. Contrary to the superficial predictions of the World Bank, for example, poverty is bound to increase and the purchasing power of the masses must decline. Particular attention must be paid to the supply of staple foods and the proletariat. This is threatened by a variety of factors, attributable to the operation of the capitalist system. Among them are the senseless waste of Third World resources caused by the foreign investors' insatiable thirst for the quick repatriation of super-profits and the increasing orientation of Third World agricultures toward high-value or export crops (which are usually the same), an orientation which is imposed upon them by the industrial countries' agricultural development strategies. Even self-sufficiency programs for more staple foods, such as the ill-reputed Green Revolution, predictably cannot be of long duration.

scholarly journals Halal Money: Financial inclusion and demand for Islamic banking in Norway

2018 ◽  
Vol 5 (1) ◽  
pp. 205316801875762 ◽  
Author(s):  
Torkel Brekke
Keyword(s):  
World Bank ◽  
Research Program ◽  
Financial Inclusion ◽  
Islamic Banking ◽  
The West ◽  
Level Of Education ◽  
The World Bank ◽  
Financial Exclusion ◽  
The World ◽  
Muslims In The West

Financial inclusion is high on the agenda for governments as well as for organizations such as the World Bank. Research has pointed out that Muslims worldwide are less included in the formal financial system than non-Muslims, but there is no knowledge about the extent to which religious norms (most importantly the ban on interest on money) lead to financial exclusion among Muslims in the West. In this article I approach the issue of financial exclusion and inclusion through three interrelated questions that will be answered with data collected in Norway 2015 and 2016. The questions are: (a) To what extent do Muslims see conventional banking as a problem in their own lives? (b) Do level of education, age, national background or level of religiosity predict demand for Islamic banking? (c) Is demand for Islamic banking changing? This article is a first step in what should be a broader research program to find out whether and how religious norms cause financial exclusion of Muslims in the West.

What determines financial inclusion in Sub-Saharan Africa?

2017 ◽  
Vol 8 (1) ◽  
pp. 8-18 ◽  
Author(s):  
Sydney Chikalipah
Keyword(s):  
International Development ◽  
World Bank ◽  
Financial Inclusion ◽  
Sub Saharan Africa ◽  
Data Set ◽  
Content Type ◽  
The World Bank ◽  
The World ◽  
Sub Saharan ◽  
Ssa Countries

Purpose The purpose of this paper is to investigate the determinants of financial inclusion (FI) in Sub-Saharan Africa (SSA). Design/methodology/approach The paper uses the World Bank country-level data from 20 SSA countries for the year 2014. Findings The empirical findings in this study indicate that illiteracy is the major hindrance to FI in SSA. The findings provide useful information to government agencies and international development organisations. Also, the findings can help accelerate and strengthen FI strategies among SSA countries. Research limitations/implications Some countries were excluded from the final analysis due to lack of data. Practical implications In the last two decades, there has been renewed interest in fighting financial exclusion in Africa. Therefore, this study provide evidence which clearly shows that enhancing literacy levels in a country can immensely contribute towards building the financially inclusive societies in the SSA region. Originality/value To the best of the author’s knowledge, this is the first study to empirically test the determinants of FI in SSA using the World Bank FI data set. Furthermore, this is the first attempt to estimate the determinants of FI with a combined data of SSA countries.

scholarly journals The Role of the World Bank in the Inclusive Financing of Tourism as an Instrument of Sustainable Development

2019 ◽  
Vol 12 (1) ◽  
pp. 285
Author(s):  
Isabel Carrillo-Hidalgo ◽  
Juan Ignacio Pulido-Fernández
Keyword(s):  
Sustainable Development ◽  
World Bank ◽  
Poverty Reduction ◽  
Financial Inclusion ◽  
The World Bank ◽  
The World ◽  
Construction Activity ◽  
Development Goals ◽  
The Right

It is widely accepted that tourism, given the right conditions, can be an important instrument of economic growth and a means of improving the quality of life for the societies in which it is implemented, particularly in developing territories. International financial institutions are aware of the role that tourism can play in this regard and, accordingly, have included it within their strategies to further sustainable development and financial inclusion. The World Bank is one of the institutions working to foster tourism, although, interestingly, it only began working in this area very recently (2016). This paper analyses the role of the World Bank in the inclusive financing of tourism as an instrument of sustainable development and compares it with the finance allocated to another four sectors in the branch of trade and industry. To this end, using a system of indicators previously tested in the literature, it analyses a total of ninety-two projects directly related with tourism, trade, manufacture, services, and housing construction activity. The results obtained, when compared to the finance allocated to other sectors of trade and industry (to which tourism also belongs), indicate that the World Bank’s financing of tourism could sharpen its focus on financial inclusion, which would ensure greater efficiency and efficacy in the attainment of its poverty reduction and development goals.

Political infighting threatens 2022 Bosnian elections

2021 ◽  
Keyword(s):  
World Bank ◽  
Third Wave ◽  
Financial Flows ◽  
Content Type ◽  
The Third ◽  
The World Bank ◽  
The World

Significance This was the third day of protests in Bosnia-Hercegovina (BiH) against negligent and corrupt authorities. COVID-19 has revealed the extent of Bosnia’s structural, administrative and political chaos, which is steadily escalating as politicians ignore the pandemic and key reforms as they fight for power and money. Impacts The World Bank expects only a slow GDP rebound of 2.8% in 2021 from a 4.0% contraction in 2020. A pandemic third wave requiring second- and third-quarter lockdowns would continue the 3.2% year-on-year contraction in the first quarter. Financial flows in the Federation are being hampered by politically paralysed appointments to the supervisory Securities Commission.

Plundering the Poor: The Role of the World Bank in the Third World

1983 ◽  
Vol 13 (4) ◽  
pp. 649-660
Author(s):  
Ernest Feder
Keyword(s):  
World Bank ◽  
Third World ◽  
Recent Book ◽  
Social Phenomena ◽  
Industrial Countries ◽  
The Third ◽  
The World Bank ◽  
Rural And Urban ◽  
The World ◽  
The Third World

The World Bank, the most important so-called development assistance agency, annually dispenses billions of dollars to Third World governments, ostensibly to “develop” their economies through a variety of loan projects. But even a superficial analysis reveals that the Bank is the perfect mechanism to help (i.e., subsidize) the large transnational corporations from the industrial countries to expand their industrial, commercial, and financial activities in the Third World, at the expense of the latter and particularly at the expense of the rural and urban proletariat. This article discusses Cheryl Payer's recent book, The World Bank: A Critical Analysis, in which she analyzes the Bank's role in the Third World and sets forth the major reasons why poverty, hunger, and malnutrition, as well as unemployment, and all the adverse social phenomena associated with them, are on the increase.

scholarly journals inklusi keuangan

2018 ◽  
Author(s):  
resista
Keyword(s):  
World Bank ◽  
Financial Services ◽  
Adult Population ◽  
Financial Inclusion ◽  
System Stability ◽  
Income Poverty ◽  
Equal Distribution ◽  
Financial Products ◽  
The World Bank ◽  
The World

Financial Inclusion is a national development strategy to encourage economic growth through equal distribution of income, poverty alleviation and financial system stability. This community-centered strategy needs to target groups experiencing barriers to accessing financial services. The inclusive financial strategy explicitly targets the groups with the greatest or unfulfilled needs for financial services namely the three categories of people (the poor, low-income, working poor / poor and the near-poor) and three cross-categories (migrant workers, women and underdeveloped regions).By 2019 Indonesia's target on the inclusive public financial index reaches 75%. Inclusive financial ratios have reached 63% of Indonesia's total population by the end of 2017. The government has established five pillars supporting SNKI to achieve the target. First, Financial Education. Second, the concrete Community Property Right has already been in the form of a land certification program. Third, Facilitating Intermediation and Financial Distribution Channels. Fourth, Consumer Protection. Fifth, Financial Services In Government Sector.To achieve an inclusive financial target of 75% by 2019, an additional 51,822,431 adult inclusive residents are required. From the survey results of the Faculty of Economics, University of Indonesia in 5 provinces, 35% of respondents do not have an account at the bank. As many as 32% of Indonesia's adult population has not saving on the basis of the World Bank Survey of Indonesia by the World Bank in 2012. Based on the same survey, 48% of Indonesian adult population save in formal financial institutions. According to World Bank (2011), Indonesian adult residents have accounts at formal financial institutions.The strategy of government, BI, and OJK, nowadays is by optimizing technology services to expand financial products and services to various community groups. An inclusive financial enhancement strategy will also involve civil service and civil registration agencies in various regions to update the data on people who do not have financial products and services. The access program for the financial sector is not only from savings, but also from credit, such as small business credit (KUR) or other small credit, especially digital technology or digitalization must be extended to 4G cellular technology. So for areas that can not signal, its range will be wider. If 4G can reach 50%, then this will help Indonesia's strategy to improve inclusive finance.The purpose of this study is to recommend a model of increasing public financial inclusion through digitizing financial inclusion. The research method is qualitative descriptive, through in depth interview with informant and systematic literature review.Based on the results of research, it is found that in the era of digital economy, the use of technology is one of the strategies that can be applied. Big Data Utilization in Private and Commercial Sector covers Finance field that is investment support, portfolio management, price forecasting, credit. In the field of Banking and Insurance namely credit and policy approval, money laundry detection. While in the field of Finance, Banking and Insurance Security is useful for fraud detection, access control, intrusion detection, virus detection.With digitalization, it is expected that more people can afford affordable financial services. More and more people who can access financial services will improve their lives and reduce poverty.

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