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Ratna Sahay, Senior Adviser on Gender at the International Monetary Fund (IMF) were the protagonists of the second session of BBVA’s global financial education summit, the 2021 EduFin Summit. During this panel, they analyzed the challenges and opportunities that digitization poses in the post-pandemic world, the difficulties more vulnerable groups face when it comes to accessing financial services and the possible solutions that could be implemented to address these challenges. The challenges of digitization  For the experts, there is no question that the pandemic has led to an accele...

To replace lost jobs and incomes, the economy needs entrepreneurs to fill the void with business startups. During the economic downturn a decade ago, the business startup rate fell and never fully recovered, which contributed to a slow recovery. Even before that, the startup rate had been trending down since the 1980s. That is troubling because startups play crucial roles in the economy. They create most net new jobs. They are a key source of innovation because new products are often pioneered by new companies. And they challenge dominant firms, which helps to restrain prices and expand co...

Weekly links February 5: Poverty and productivity, Mobile money explained, who wants to migrate, and more… ·       The second VoxDevLit is out, this one is on mobile money, edited by Tavneet Suri and with a great group of co-editors – a great summary of what we have learned so far, and a call for more research “By the end of 2019, a total of 290 mobile money services were being offered in 95 countries; there were more than 1 billion mobile money accounts globally, including 372 million actively used for a transaction in the previous 90 days” “its use remains mostly limited to...

Salary Delays and Overdrafts in Rural Ghana This study uses data from a rural bank to show that receiving a late salary payment increases the likelihood of taking an overdraft by 10% From: Contents Abstract Checking overdrafts are an expensive yet common way for bank account holders to obtain short-term credit when faced with unexpected shocks. In developing countries, one common shock that many salaried workers face is late or erratic payment from their employer. We use administrative data from a rural bank in Ghana to show that receiving a late salary payment increases the likelih...

April 7, 2021 You are here: Home / Economy / Developed and developing financial markets are more similar than you think. Here’s why Developed and developing financial markets are more similar than you think. Here’s why (Credit: Unsplash) This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Daniel J. Barker, Director for Research, Mastercard Center for Inclusive Growth & Carlos Monteverde, Manager, Product Management, Mastercard As the economic divide grows between developed and developing markets, so do the opportuniti...