Ideas to Action:

Independent research for global prosperity

CGD Policy Blogs

 

Liliana Rojas-Suarez presents her decision tree in Mexico City

Where Policy and Research Meet: Takeaways from Workshops on CGD's New Policy Decision Tree for Financial Inclusion

On October 10, CGD, in collaboration with the Alliance for Financial Inclusion (AFI), held a workshop in Mexico City to discuss CGD’s innovative tool that serves to diagnose the crucial impediments to digital financial inclusion in specific country contexts. There, we shared a draft of CGD’s A Decision Tree for Improving Financial Inclusion. The event brought together more than 20 high-level representatives from central banks, ministries of finance, and other authorities involved in the design and implementation of their countries’ national strategies for financial inclusion.

A figure showing the decision tree of determinants of inadequate financial inclusion using digital means

Branch to Root: A New ‘Decision Tree’ Tool to Improve Financial Inclusion

Despite a broad recognition that increased access to financial services can bring significant benefits to the poor, catalyzing economic development, financial inclusion in emerging markets and developing economies continues to lag far behind expectations. While a large number of countries have implemented policy changes to advance digital financial inclusion, results have been mixed. To that end, we are developing a first-ever DFS decision-making tool, A Decision Tree for Improving Financial Inclusion - an analytical framework that allows a systematic identification of the most problematic constraints for financial inclusion in country-specific settings.

IFC exterior

US Treasury to Appropriations: World Bank, IFC Accountability Must Be Strengthened

Last week, the US Treasury Department submitted a report to the appropriations committees of the House and Senate on strengthening the accountability mechanisms of the World Bank and International Finance Corporation, fulfilling a requirement included in the spending package signed into law earlier this year. The report acknowledges recent increases in caseloads and recommends that both the Inspection Panel and the IFC’s Compliance Advisor Ombudsman (CAO) be allocated larger budgets to carry out their responsibilities.