To build financial resilience, we need to promote savings

This article is brought to you in association with the European Commission. Many people worldwide don’t have the ability to cope with a financial emergency such as a sudden loss of income or an unexpected expense. According to the Global Findex Database, 55% of adults in developing economies could reliably access emergency money in a one-month […]

Get out, stay out: how financial resilience helps end poverty

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Leora Klapper, Lead Economist, Development Research Group, World Bank Hundreds of millions of people around the world live in extreme poverty. Global development work mostly focuses on helping those poor people become prosperous. Policy-makers generally support financial inclusion because it […]