The 2014 Global Financial Development Report: Financial Inclusion

The report presents new data and research, drawing on them to contribute to the policy discussion. It highlights novel evidence that financial inclusion can reduce poverty and boost shared prosperity.

Main messages include:Responsible financial inclusion requires educating consumers about finance. Classroom-based financial education for general population has little impact. People learn better during “teachable moments” (e.g., when starting a job or getting a loan). Also, messages delivered though social networks and engaging channels(e.g., soap operas) show promise. Read More »