CGAP

#CarbonMarkets can support a just, green transition — but only if they meaningfully include and benefit underserved communities. #FinancialServices can help build inclusive carbon markets, helping overcome barriers to inclusion and drive impact at scale. But to unlock this potential, we need to: 🤝 Strengthen collaboration 💡 Foster more innovation ✋ Address financing barriers Learn more 👇 #CarbonMarkets

As we welcome the new year, it’s time for our annual roundup of CGAP's most popular blog posts of 2024. As always, we hope that you’ve found the CGAP blog to be a useful resource for expert insights on the latest developments in #FinancialInclusion, along with timely research, data, and new ideas. Check out the list: https://cgap.pub/3ZJm06h

At the current pace, it will take over 100 years to close the #GenderGap in #FinancialInclusion. That’s why building an inclusive financial system for women requires a new approach. CGAP’s conceptual framework presents an intentional whole-of-market response aimed at making #FinancialServices accessible to the 800 million women who are still unbanked. Learn more about the five essential levers 👇

Financial inclusion goes hand-in-hand with digital inclusion 💸 For everyone to realize the benefits of the digital economy, we need to improve connectivity and digital literacy to ensure that no one gets left behind 💻 #DigitalEconomy #DigitalInclusion #FinancialInclusion

In fragile states, #FinancialServices often remain inaccessible to people who need them most. 📉 Our research shows that funders can play a critical role in building inclusive, resilient financial markets in fragile countries by: Leveraging humanitarian cash transfers 💰 Understanding informal financial services 💵 Improving local market support 🤝 Find out more 👇🏽 #FinancialInclusion

In #Brazil, the banking world is changing fast. Open finance, a concept which evolved from open banking, allows people in Brazil to securely share their financial data across financial service providers, sparking competition and innovation among providers. This empowers customers to compare and choose services that best meet their needs.  But how does #OpenFinance work in practice, and can it help reduce inequality and advance #FinancialInclusion? What lessons can other countries learn from Brazil’s rapid adoption?  To answer these questions and more, we talked to Matheus Rauber from Central Bank of Brazil, Maria Fernandez-Vidal from CGAP, and Rafael Wowk from Nubank, which has been actively involved in the development of open finance in Brazil. 🎙Tune into this episode of #InclusiveFinanceFrontiers: https://cgap.pub/3ZQeUwG #InclusiveFinance #Fintech 

Over the past decade, the importance of individual #FinancialWellbeing has gained significant recognition. A new Global Partnership on Financial Inclusion (GPFI) note offers a shared concept of financial well-being, including a preliminary framework for understanding and measuring it. CGAP is honored to have played a role in shaping the theory of change that supports this conceptual framework. This note was developed for the G20 GPFI by Brazil’s 2024 G20 Presidency and the OECD - OCDE, with contributions from CGAP and the United Nations Secretary-General's Special Advocate for Financial Health. Together, we’re advancing efforts to improve financial well-being globally. Read more: https://lnkd.in/duXYc8gR

#PAYGo solar is crucial for expanding energy access, yet the financial sustainability of companies in the industry remains a significant challenge. PAYGo firms offering smaller loans reach 4x more low-income customers, expanding energy access to underserved communities. However, they face slower repayments, lower profits, and greater reliance on subsidies. To achieve universal #EnergyAccess, it's crucial to support these firms, ensuring they can continue to reach underserved populations while remaining financially sustainable. Read more analysis by CGAP, MFR, and GOGLA in our latest blog by Alexander G. Sotiriou, David Crush, Lucia Spaggiari & Drew Corbyn: https://cgap.pub/4gkCWXE

Nearly 4 billion people in emerging economies are underinsured or uninsured. With climate shocks increasing worldwide, billions are at risk of catastrophic losses. #Data can help. In order to close this massive gap, insurance providers are using data to understand the needs and risk profiles of underserved populations. Watch to learn more about #InclusiveInsurance 👇

📢 OUT NOW: Empowering Micro-retailers Through Digitization: Hype or Promise? Micro-retailers are cherished around the world, but they scrape by on tight margins and face unique challenges that larger retailers don’t face. The digitization of supply chains hopes to change that by enabling micro-retailers to streamline their operations and access new forms of credit. But with persistent challenges such as bridging the digital divide and scaling sustainably, does the digitization of supply chains hold real promise or is it just hype? In our second episode of #InclusiveFinanceFrontiers, we’re joined by behavioral scientist Richard L Wright, Flourish Venture’s Stella Klemperer, CGAP expert Alexander G. Sotiriou, and a micro-retailer from Kenya named Mugi, all of whom provide different perspectives on the digitization wave washing over the micro-retailer world. 🎙 Tune in now: https://cgap.pub/4gvdluT #InclusiveFinance #FinancialInclusion #microretailers #digitization