The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookiesbefore using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Financial inclusion is improving, but is it impactful?

Global Findex Report released by World Bank; usage and savings targets remain elusive.


Is the World Bank's drive towards global financial inclusion working? Yes and no.

April saw the release of the Global Findex Report, the global data for financial inclusion, from the World Bank, Gallup and the Gates Foundation. It is the third report of its kind and is released every three years. 

According to the report, 69% of adults - 3.8 billion people around the world - now have an account at a bank or mobile money provider, up from 62% in 2014 and just 51% in 2011. Since the last report, 515 million adults obtained an account and 1.2 billion have done so since 2011. 

While progress has been made, it is still a long way from the goal that World Bank president Jim Yong Kim set in 2013 of having universal financial access by 2020. 

The data has been heralded as largely positive by the Bank, but those who work in the field say it is far too early to celebrate - especially when the data has some questions about usage: though the number of accounts has increased, some 13.6% of accounts tracked by the report had not been used for withdrawals or deposits for more than 12 months. 

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree