Economic inclusion programs: A springboard out of extreme poverty

 

As the world grapples with the pandemic, the new State of Economic Inclusion peileaderreport points to paths out of poverty for the poorest and most vulnerable.

For the first time in two decades, extreme poverty is rising around the world, as COVID-19 threatens to erode years of hard-won progress.   The World Bank estimates that the economic fallout from the pandemic may add as many as 150 million extreme poor by 2021. Women, children, displaced populations, and people with disabilities have been particularly hard hit.

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Gains in Financial Inclusion, Gains for a Sustainable World

images.jpgMary Banda in Zambia runs a small restaurant in one of Lusaka’s oldest markets. Before she learned that financial services could make the way she did business easier, her profits were low. But today, her profits have increased, both because she banks her money and because she uses mobile money transfer services.

Using financial services has simplified managing her business and increased profits. And business proceeds now pay her children’s school fees.

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