Financial Exclusion : A New Angle to Urban Poverty in Latin America

Data gathered during studies conducted over the past four years in Mexico City, Mexico (Distrito Federal); Bogota, Colombia, and in several Brazilian cities suggests that in these countries somewhere between 65 and 85 percent of households are &quo...

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Main Author:	Solo, Tova M.
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	AFFILIATES AUDITS BANK ACCOUNTS BANK LENDING BANK LOANS BANKING SERVICES BANKS BENEFICIARIES CAPACITY BUILDING CENTRAL BANK CITIES COMMERCIAL BANKS COMMISSIONS CONSUMER PROTECTION COSTS OF BORROWING CREDIT UNIONS DATA CENTERS DEPOSIT ACCOUNTS DEPOSIT INSURANCE DEPOSITORS DEPOSITS EMPLOYMENT FACE VALUE FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SERVICES GOVERNMENT EXPENDITURES GOVERNMENT INTERVENTION GRANT PROGRAMS HEALTH INSURANCE HOUSING INCOME INCOME GROUPS INCOME LEVELS INFRASTRUCTURE LOANS INSURANCE INTEREST RATES INTERNAL CONTROLS LEGAL FRAMEWORK LITERACY LOW INCOME GROUPS MATCHING GRANTS MORTGAGE INSURANCE NATIONAL INCOME NONBANK FINANCIAL INSTITUTIONS OPPORTUNITY COST PAYMENT SYSTEMS PORTFOLIO MANAGEMENT PRODUCTIVITY REGULATORY AGENCIES REGULATORY FRAMEWORK REGULATORY REFORM REGULATORY REQUIREMENTS RETAIL BANKS SAVINGS SAVINGS ACCOUNTS TECHNICAL ASSISTANCE TRANSACTION COSTS URBAN DEVELOPMENT
Online Access:	http://documents.worldbank.org/curated/en/2005/09/6404723/financial-exclusion-new-angle-urban-poverty-latin-america http://hdl.handle.net/10986/10321

id	okr-10986-10321
recordtype	oai_dc
spelling	okr-10986-103212021-04-23T14:02:50Z Financial Exclusion : A New Angle to Urban Poverty in Latin America Solo, Tova M. AFFILIATES AUDITS BANK ACCOUNTS BANK LENDING BANK LOANS BANKING SERVICES BANKS BENEFICIARIES CAPACITY BUILDING CENTRAL BANK CITIES COMMERCIAL BANKS COMMISSIONS CONSUMER PROTECTION COSTS OF BORROWING CREDIT UNIONS DATA CENTERS DEPOSIT ACCOUNTS DEPOSIT INSURANCE DEPOSITORS DEPOSITS EMPLOYMENT FACE VALUE FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SERVICES GOVERNMENT EXPENDITURES GOVERNMENT INTERVENTION GRANT PROGRAMS HEALTH INSURANCE HOUSING INCOME INCOME GROUPS INCOME LEVELS INFRASTRUCTURE LOANS INSURANCE INTEREST RATES INTERNAL CONTROLS LEGAL FRAMEWORK LITERACY LOW INCOME GROUPS MATCHING GRANTS MORTGAGE INSURANCE NATIONAL INCOME NONBANK FINANCIAL INSTITUTIONS OPPORTUNITY COST PAYMENT SYSTEMS PORTFOLIO MANAGEMENT PRODUCTIVITY REGULATORY AGENCIES REGULATORY FRAMEWORK REGULATORY REFORM REGULATORY REQUIREMENTS RETAIL BANKS SAVINGS SAVINGS ACCOUNTS TECHNICAL ASSISTANCE TRANSACTION COSTS URBAN DEVELOPMENT Data gathered during studies conducted over the past four years in Mexico City, Mexico (Distrito Federal); Bogota, Colombia, and in several Brazilian cities suggests that in these countries somewhere between 65 and 85 percent of households are "unbanked", those who do not hold any kind of deposit or transaction account in any formal sector financial institution. This note addresses what can be done to bring banking to the unbanked - and vice versa using five cases from the region: 1) the Nicaragua Broad Based Access to Finance Project focuses on increasing the number of points of service to remote and unattended communities; 2) the Colombia Business Productivity and Efficiency Development Policy Loan also emphasizes increased service points through regulatory reform; 3) in Mexico, the National Savings and Financial Services Bank (BANSEFI for its acronym in Spanish) projects help to promote new service providers with state of the art technology and regulatory services; and 4) Brazil's government has developed alternative service payment systems and regulations to encourage access to savings. 2012-08-13T11:09:40Z 2012-08-13T11:09:40Z 2005-09 http://documents.worldbank.org/curated/en/2005/09/6404723/financial-exclusion-new-angle-urban-poverty-latin-america http://hdl.handle.net/10986/10321 English en breve; No. 77 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Latin America & Caribbean Guatemala Nicaragua Colombia Mexico Brazil
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	AFFILIATES AUDITS BANK ACCOUNTS BANK LENDING BANK LOANS BANKING SERVICES BANKS BENEFICIARIES CAPACITY BUILDING CENTRAL BANK CITIES COMMERCIAL BANKS COMMISSIONS CONSUMER PROTECTION COSTS OF BORROWING CREDIT UNIONS DATA CENTERS DEPOSIT ACCOUNTS DEPOSIT INSURANCE DEPOSITORS DEPOSITS EMPLOYMENT FACE VALUE FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SERVICES GOVERNMENT EXPENDITURES GOVERNMENT INTERVENTION GRANT PROGRAMS HEALTH INSURANCE HOUSING INCOME INCOME GROUPS INCOME LEVELS INFRASTRUCTURE LOANS INSURANCE INTEREST RATES INTERNAL CONTROLS LEGAL FRAMEWORK LITERACY LOW INCOME GROUPS MATCHING GRANTS MORTGAGE INSURANCE NATIONAL INCOME NONBANK FINANCIAL INSTITUTIONS OPPORTUNITY COST PAYMENT SYSTEMS PORTFOLIO MANAGEMENT PRODUCTIVITY REGULATORY AGENCIES REGULATORY FRAMEWORK REGULATORY REFORM REGULATORY REQUIREMENTS RETAIL BANKS SAVINGS SAVINGS ACCOUNTS TECHNICAL ASSISTANCE TRANSACTION COSTS URBAN DEVELOPMENT
spellingShingle	AFFILIATES AUDITS BANK ACCOUNTS BANK LENDING BANK LOANS BANKING SERVICES BANKS BENEFICIARIES CAPACITY BUILDING CENTRAL BANK CITIES COMMERCIAL BANKS COMMISSIONS CONSUMER PROTECTION COSTS OF BORROWING CREDIT UNIONS DATA CENTERS DEPOSIT ACCOUNTS DEPOSIT INSURANCE DEPOSITORS DEPOSITS EMPLOYMENT FACE VALUE FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SERVICES GOVERNMENT EXPENDITURES GOVERNMENT INTERVENTION GRANT PROGRAMS HEALTH INSURANCE HOUSING INCOME INCOME GROUPS INCOME LEVELS INFRASTRUCTURE LOANS INSURANCE INTEREST RATES INTERNAL CONTROLS LEGAL FRAMEWORK LITERACY LOW INCOME GROUPS MATCHING GRANTS MORTGAGE INSURANCE NATIONAL INCOME NONBANK FINANCIAL INSTITUTIONS OPPORTUNITY COST PAYMENT SYSTEMS PORTFOLIO MANAGEMENT PRODUCTIVITY REGULATORY AGENCIES REGULATORY FRAMEWORK REGULATORY REFORM REGULATORY REQUIREMENTS RETAIL BANKS SAVINGS SAVINGS ACCOUNTS TECHNICAL ASSISTANCE TRANSACTION COSTS URBAN DEVELOPMENT Solo, Tova M. Financial Exclusion : A New Angle to Urban Poverty in Latin America
geographic_facet	Latin America & Caribbean Guatemala Nicaragua Colombia Mexico Brazil
relation	en breve; No. 77
description	Data gathered during studies conducted over the past four years in Mexico City, Mexico (Distrito Federal); Bogota, Colombia, and in several Brazilian cities suggests that in these countries somewhere between 65 and 85 percent of households are "unbanked", those who do not hold any kind of deposit or transaction account in any formal sector financial institution. This note addresses what can be done to bring banking to the unbanked - and vice versa using five cases from the region: 1) the Nicaragua Broad Based Access to Finance Project focuses on increasing the number of points of service to remote and unattended communities; 2) the Colombia Business Productivity and Efficiency Development Policy Loan also emphasizes increased service points through regulatory reform; 3) in Mexico, the National Savings and Financial Services Bank (BANSEFI for its acronym in Spanish) projects help to promote new service providers with state of the art technology and regulatory services; and 4) Brazil's government has developed alternative service payment systems and regulations to encourage access to savings.
format	Publications & Research :: Brief
author	Solo, Tova M.
author_facet	Solo, Tova M.
author_sort	Solo, Tova M.
title	Financial Exclusion : A New Angle to Urban Poverty in Latin America
title_short	Financial Exclusion : A New Angle to Urban Poverty in Latin America
title_full	Financial Exclusion : A New Angle to Urban Poverty in Latin America
title_fullStr	Financial Exclusion : A New Angle to Urban Poverty in Latin America
title_full_unstemmed	Financial Exclusion : A New Angle to Urban Poverty in Latin America
title_sort	financial exclusion : a new angle to urban poverty in latin america
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2005/09/6404723/financial-exclusion-new-angle-urban-poverty-latin-america http://hdl.handle.net/10986/10321
_version_	1764412668319367168

Financial Exclusion : A New Angle to Urban Poverty in Latin America

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