Mmegi

Financial Inclusion as a critical cog for development (Prt 3)

Sharing knowledge: Mambure
Sharing knowledge: Mambure

In Part 2 of this series on financial inclusion, we covered four levers that drive financial inclusion namely financial literacy, financial innovation, consumer protection and the architecture of the financial system. In this instalment we are looking at the policy dimensions of financial inclusion in influencing economic development.

While it may seem obvious, it is important to highlight that if people are not financially included, they are financially excluded. Period! There is no middle road. It is therefore important to discuss how of the factors supports financial inclusion.

In their paper, “Determinants of Financial Inclusion in Africa: A Dynamic Panel Data Approach”, published in 2016, Olaniyi Evans and Babatunde Adeoye identified factors that cause exclusions notably structural and policy factors. In this piece we will focus on the policy side of issues not as exclusionary factors, but rather how they support financial inclusion.

Editor's Comment
The State apparatus must be sanitised

When the State cannot rely on its own machinery to pursue suspected wrongdoing, repairing that machinery must become a national priority.The establishment of a Special Investigations and Asset Recovery Task Force may help government respond to the immediate challenge. However, Botswana cannot afford to leave the Directorate on Corruption and Economic Crime (DCEC) and the Directorate of Public Prosecutions (DPP) struggling whilst building...

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