Header

UZH-Logo

Maintenance Infos

Financial inclusion and the 2030 Agenda for Sustainable Development: a missed opportunity


Fu, Jonathan; Queralt, Jahel; Romano, Michele (2017). Financial inclusion and the 2030 Agenda for Sustainable Development: a missed opportunity. Enterprise Development and Microfinance, 28(3):200-211.

Abstract

Approximately 2 billion adults, just below half of the world’s adult population, are financially excluded. They lack access to formal or semi-formal savings, credit, and insurance services. The vast majority of these adults live a hand-to-mouth existence in the developing world. The 2030 Agenda for Sustainable Development takes a rather unambitious approach to financial inclusion (FI). It recognizes its importance in advancing several sustainable development goals (SDGs), but it does not include it as a stand-alone goal. This paper criticizes this approach and claims that the new agenda has been a missed opportunity to focus efforts on finding ways of meeting the financial needs of the global poor. We analyse three of the main reasons for not including FI as a sustainable goal: namely, the instrumentality argument, the free market argument, and the veil argument.

Abstract

Approximately 2 billion adults, just below half of the world’s adult population, are financially excluded. They lack access to formal or semi-formal savings, credit, and insurance services. The vast majority of these adults live a hand-to-mouth existence in the developing world. The 2030 Agenda for Sustainable Development takes a rather unambitious approach to financial inclusion (FI). It recognizes its importance in advancing several sustainable development goals (SDGs), but it does not include it as a stand-alone goal. This paper criticizes this approach and claims that the new agenda has been a missed opportunity to focus efforts on finding ways of meeting the financial needs of the global poor. We analyse three of the main reasons for not including FI as a sustainable goal: namely, the instrumentality argument, the free market argument, and the veil argument.

Statistics

Citations

Dimensions.ai Metrics

Altmetrics

Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Banking and Finance
03 Faculty of Economics > Department of Business Administration
Dewey Decimal Classification:330 Economics
Scopus Subject Areas:Social Sciences & Humanities > Geography, Planning and Development
Social Sciences & Humanities > Development
Scope:Discipline-based scholarship (basic research)
Language:English
Date:1 September 2017
Deposited On:08 Mar 2019 08:23
Last Modified:06 Mar 2024 14:28
Publisher:Practical Action Publishing
ISSN:1755-1986
OA Status:Closed
Publisher DOI:https://doi.org/10.3362/1755-1986.16-00037
Official URL:https://www.developmentbookshelf.com/doi/abs/10.3362/1755-1986.16-00037
Other Identification Number:merlin-id:17676
Full text not available from this repository.