2018 Women’s Financial Inclusion And The Law. [in] Women, Business And The Law 2018, World Bank

Description. Legal reform is a crucial element that needs to be embedded in broader strate¬gies to advance women’s financial inclu¬sion. According to surveyed members of the Alliance for Financial Inclusion, the main barriers identified for women are financial literacy (75%), collateral require¬ments (66%) and the sociocultural envi¬ronment. Regulatory requirements can prevent women from accessing financial services. Consequently, some economies have chosen to include an assessment of the legal and regula¬tory framework in their national financial inclusion strategy. Understanding and tackling these legal constraints should be part of an overall strategy to accelerate women’s financial inclusion. Data on gender-differentiated laws can help identify the gaps and monitor progress in closing these gaps over time. Read the article!