Who are the unbanked? The World Bank deals out the numbers
The World Bank’s Global Findex (global financial inclusion index) project has said that worldwide, approximately 2.5 billion people do not have a formal account at a financial institution.
“Access to affordable financial services is linked to overcoming poverty, reducing income disparities, and increasing economic growth,” explained the World Bank in its usual ponderous manner – and with its flair for linking the unlinked.
Alarmed by the number of people who apparently have neither credit nor any wish to, the World Bank has created the Global Findex, described in glowing terms as “a new global financial inclusion database to measure the use of financial services and identify those with the greatest barriers to access”.
The graphics are useful, so here are the rest: