Cover IMF Working Papers
Financial Inclusion: Zooming in on Latin America
Author:
Ms. Era Dabla-Norris
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,
Yixi Dengnull

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Anna Ivanovanull

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Ms. Izabela Karpowicz
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Ms. Filiz D Unsal
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Eva VanLeemputnull

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Joyce Wong
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Series:
IMF Working Papers
Volume/Issue:
Volume 2015: Issue 206
Language:
English
Publication Date:
28 Sep 2015
DOI:
https://doi.org/10.5089/9781513568928.001
ISBN:
9781513568928
ISSN:
1018-5941
Pages:
35
Keywords:
WP; firm; inclusion gap; bank; cost; finance; Latin America; Financial inclusion; Growth; Inequality; firm employment distribution; World Bank enterprise; enterprise inclusion; leveraged firm; amount firm; firms of credit opportunity; informal finance; firm FI gap; Personal income; Collateral; Income inequality; Credit; Asia and Pacific; Global
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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Countries in Latin America and the Caribbean (LAC) have made important strides in promoting financial inclusion of firms and households. However, while the region is broadly at par with its peers on financial inclusion of firms, household inclusion lags behind. Nonetheless, there is substantial heterogeneity across LAC countries. Reducing borrowing costs and strengthening further the regulatory environment, while taking steps to protect efficiency and stability of the financial system, could help close financial inclusion gaps. Reducing financial participation and monitoring costs and relaxing collateral constraints will help spur growth and reduce inequality though trade-offs are likely, as illustrated in the case of Guatemala, El Salvador, and Peru.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2015: Issue 206