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2024 | OriginalPaper | Chapter

1. On Financial Inclusion and Global Development: An Introductory Remark

Authors : Glenn W. Muschert, Sabu K. Nair, Biju A. V. Nair

Published in: Financial Inclusion

Publisher: Springer Nature Switzerland

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Abstract

As stated in the Sustainable Development Goal (SDG) 8.10 of the UN’s Agenda 2030, financial inclusion is a crucial piece of the puzzle for achieving economic empowerment. Financial inclusion allows people to manage risks, invest in their future, and build businesses (Ade’Soyemi et al., 2020). The UN’s SDG 8.10 targets financial inclusion, a critical economic empowerment aspect (Baffoe et al., 2021). This goal recognizes that financial services like banking, insurance, and credit are essential for full economic participation (Rai et al., 2019). SDG 8.10 calls on countries to strengthen their financial institutions to serve all citizens better. Achievement of this goal involves expanding access to bank accounts and digital financial services, creating financial products for low-income people and improving financial literacy and consumer protection. By promoting financial inclusion, countries can work toward reducing poverty and building a sustainable global economy.

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next chapter An Overview of SDGs 8.10.1 and 8.10.2

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Title: On Financial Inclusion and Global Development: An Introductory Remark
Authors: Glenn W. Muschert
Sabu K. Nair
Biju A. V. Nair
Publisher: Springer Nature Switzerland
Book: Financial Inclusion
Print ISBN: 978-3-031-68802-7

Electronic ISBN: 978-3-031-68803-4

Copyright Year: 2024
DOI: https://doi.org/10.1007/978-3-031-68803-4_1

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