Chart of the Week: Access to Banking Services
IMF Blog, February 20, 2017
Source details
- Canonical URL
- Chart of the Week: Access to Banking Services
Other formats
Bibliographic details
- Authors: iMFdirect
- Published: February 20, 2017
Overview
- Publication: Chart of the Week
- Topic: Financial services; access to banking services across economies
- Platform and date: iMFdirect, February 20, 2017
- Visual credit: Photo (Tommaso79/iStock by Getty Images)
Key findings and statistics
- Many people in advanced economies have multiple bank accounts.
- There are barely two bank accounts for every ten people in low-income economies.
Analysis emphasis
- Access to financial services is essential to spread the fruits of economic growth to all, not just to the fortunate few.
- The content highlights the disparity in banking access between advanced and low-income economies.
Policy recommendations and further actions
- Necessary reforms in low-income economies can be tweaked or completed by measures designed to ensure a win-win for both the rich and the poor in those economies.
- Suggested follow-ups in the original content:
- Blog by Christine Lagarde, IMF Managing Director
- Staff note on macro-structural policies and inequality in low-income countries
Source: Chart of the Week: Access to Banking Services (iMFdirect, February 20, 2017).
