Inclusive finance for inclusive growth and development

This article analyses the role of inclusive finance for  inclusive growth and development. An inclusive financial market provides affordable and equitable access to financial products for all households and entrepreneurs, especially the most marginalised. By empowering people to exploit a wider set of economic opportunities, inclusive finance can therefore be a pivotal tool in driving economies on a sustainable growth trajectory. Access to financial services, primarily to credit, can enable agents to make longer-term consumption and investment plans, participate in productive economic activities and cope with adverse shocks.