US$ 42 Billion Funds to Financial Inclusion in 2017

US$ 42 Billion Funds to Financial Inclusion in 2017

The 2017 CGAP Funder Survey reports funding commitments from 54 international funders, both public and private, as of the end of 2017. The survey shows that international funders committed US$42 billion to financial inclusion in 2017 – a growth of approximately 12 % . Development finance institutions (DFIs) are driving the growth in public funding; and microfinance vehicles (MIVs) on the private funding. DFIs are still the largest funders of financial inclusion. The use of equity is increasing and of grant is declining. Debt funding remains the main funding instruments.

The Sustainable Development Goals (SDGs) Agenda has reshaped the funder engagement in financial inclusion. Financial inclusion is perceived as a cross-cutting prioriy. Finally, funders venture into digital financial services.

For more information, to consult the data Survey and to read the report click here

Source: CGAP – authors Olga Tomilova and Eda Dokle