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Digital financial inclusion – an engine for “leaving no one behind”
Luigi Ferrata* 
Article | Year: 2019 | Pages: 445 - 458 | Volume: 43 | Issue: 4 Received: August 19, 2019 | Accepted: October 10, 2019 | Published online: December 1, 2019
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FULL ARTICLE
FIGURES & DATA
REFERENCES
CROSSMARK POLICY
METRICS
LICENCING
PDF
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SDG
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Target
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Focus
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1. No poverty
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1.4
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The importance for everyone
to have access to financial services, including to microfinance.
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2. Zero hunger
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2.3
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It links the doubling of
agricultural productivity and income of small-scale food producers, among
many other factors, to access to financial services.
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3. Good health and well-being
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3.8
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Medical insurance can
mitigate the risks related to health.
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5. Gender equality
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5.A
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It focuses on the urgent
need to launch reforms to grant women equal rights including to access to
financial services.
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8. Decent work and economic growth
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8.3
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It ties the access to
financial services to the promotion of development-oriented policies, the
creation of decent work and the growth of MSMEs.
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8.10
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Strengthening the capacity
of financial institutions to promote access to banking, insurance and financial
services for all. In this regard, there are three reference indicators: the
number of branches of commercial banks per 100,000 adults, the number of ATMs
per 100,000 adults and the percentage of adults with a current account or a
mobile payment system.
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9. Industry, innovation and infrastructure
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9.3
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The access of small
industries and other enterprises, particularly in developing countries, to
financial services, including credit at affordable prices should be improved
as a matter of urgency. It considers the share of small businesses that have
access to loans or lines of credit.
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10. Reduced inequalities
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10.5
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Reaffirming the need of
improving the regulation and control over global financial markets and
institutions. Financial soundness is the indicator used (United Nations,
DESA).
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16. Peace, justice and strong institutions
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16.4
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Reducing illicit financial
flows by 2030.
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16.5
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Reducing corruption and
bribery.
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17. Partnerships for the Goals
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17.1
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Domestic resource
mobilization, including through international support to developing
countries, to improve domestic capacity for tax and other revenue collection.
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17.3
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Mobilizing additional
financial resources for developing countries from multiple sources.
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* The author would like to thank the two anonymous referees for helpful comments on the paper.
1 The GPFI includes G20 countries, interested non-G20 countries and other stakeholders, like the Alliance for Financial Inclusion (AFI), the Consultative Group to Assist the Poor (CGAP), the International Finance Corporation (IFC), the World Bank Group, the SME Finance Forum, the Organization for Economic Co-operation and Development (OECD), the Better Than Cash Alliance and the International Fund for Agricultural Development (IFAD).
2 It is a multi-sector, public/private consortium of global leaders convened by the United Nations Secretary-General in November 2018.
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December, 2019
IV/2019
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