1 / 12

Postal Financial Inclusion: Delivering the Missing Billion Accounts Luxembourg, 25 November 2009

Postal Financial Inclusion: Delivering the Missing Billion Accounts Luxembourg, 25 November 2009. Low-income people visit post offices: more than a billion among the poor Already many financial transactions

pello
Download Presentation

Postal Financial Inclusion: Delivering the Missing Billion Accounts Luxembourg, 25 November 2009

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Postal Financial Inclusion: Delivering the Missing Billion Accounts Luxembourg, 25 November 2009

  2. Low-income people visit post offices: more than a billion among the poor • Already many financial transactions • Not accounted for in IMF and World Bank financial statistics: 70 % of people excluded from formal finance • 20 or 30 % likely to be using posts

  3. Financial crisis: a need for trusted financial intermediation • Trust as a key asset of Posts • Financial crisis: danger of heavy dependence on foreign capital flows • Posts as a key savings collection infrastructure to enhance macroeconomic stability

  4. UPU-AFI Workshop on Financial Inclusion and Postal Banking (9 and 10 November) • 15 developing and emerging countries benefiting from information exchanges grants to share best practices and analyses • Inclusion and economic efficiency in the provision of financial services are compatible (« magic of the post »)

  5. Evaluating « finance for all » policies and measuring its impact • A quasi-natural experiment: the « Banco Postal » case in Brazil • Taking advantage of the gradual opening of « Banco Postal » branches throughout the country

  6. More than 40 % of municipalities without banks in 2002 => increasing transactions costs for the poor

  7. 2003: 3,813 BP agencies,1,108 agencies where no bankor other correspondent 2002: 2,450 BP agencies,822 agencies where no bankor other correspondent 2004: 5,362 BP agencies,1,299 agencies where no bankor other correspondent 2005: 5,444 BP agencies,1,154 agencies where no bankor other correspondent 2006: 5,567 BP agencies,856 agencies where no bankor other correspondent

  8. Least populated Most populated Semi-deciles of population

  9. Semi-deciles of GDP per capita Poorest Richest

  10. Mobilizing savings • In the 50 % poorest municipalities • Less than 30 % of the total population • Half of the total savings accounts of Banco Postal • Access to microfinance and loans • In the 20 % poorest municipalities • 10 % of the total population • 25 % of all loans and micro-loans

More Related