By 2021, only 31% of Chile's country's population over 15 had saved in a financial institution, with especially low rates among the very poor, depriving them of the benefits of a range of financial services, including savings accounts, credit, and insurance products. The issue of how to increase financial inclusion and, in the process, boost savings in in Latin … [Read more...] about Boosting Financial Inclusion Among the Vulnerable
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A Nobel Prize for Development: A Look From Inside the IDB
The awarding of the 2019 Nobel Prize in Economics to Abhijit Banerjee, Esther Duflo and Michael Kremer hits close to home for several reasons. First, in bringing "an experimental approach to alleviating global poverty," as the Nobel committee said in its Oct. 14 announcement of the prize, these distinguished economists have changed the way we do research at the Research … [Read more...] about A Nobel Prize for Development: A Look From Inside the IDB
Protecting Conditional Cash Transfers
Conditional cash transfers are powerful tools of social progress in Latin America and the Caribbean. They have reduced short-term poverty for tens of millions of people by providing a monthly stipend and have helped break the intergenerational transmission of poverty by linking financial assistance to behaviors that enhance human capital, like school attendance and health … [Read more...] about Protecting Conditional Cash Transfers
Who’s the BO$$? What Lies Behind Women’s Economic Empowerment
Women have been consolidating their economic power in the region, increasing their autonomy within the family and commanding the attention of banking and other marketing sectors. In our newly released report, Social Pulse 2016: Realities and Perspectives, we find that the contribution of women to the total labor income of households in the region increased from 28% in 1996 to … [Read more...] about Who’s the BO$$? What Lies Behind Women’s Economic Empowerment