September, 2017

LR243 2017Sep Brookings FI Report

The 2017 Brookings Financial and Digital Inclusion Project Report:
Building a Secure and Inclusive Global Financial Ecosystem

Executive Summary

Since the summer of 2014, the Brookings Financial and Digital Inclusion Project (FDIP) has examined efforts across a diverse array of countries to advance access to and usage of secure, affordable, formal financial services among underserved populations. This new annual FDIP report highlights selected financial inclusion-related updates for each of the 26 countries featured in last year’s report and identifies possible next steps for advancing financial inclusion. It also identifies three key overall findings: 1) There has been growth in national-level recognition among the FDIP countries that financial inclusion is a key ingredient for sustainable development; 2) Fintech possesses tremendous potential to accelerate progress toward financial inclusion; and 3) Countries must amplify investments in cybersecurity efforts and knowledge-sharing to fully reap the benefits of financial services innovation.