Latin America: financial inclusion barriers 2019

Published by Ana María Ríos, Mar 9, 2021
In 2019, the main obstacle to financial inclusion identified by the banking industry in Latin America was poor financial education. According to a survey carried out among members of the Latin American federation of banks, nearly two thirds of respondents pointed that as the main barrier to financial inclusion in the region. Economic informality was mention by 64 percent of the respondents. That same year, Colombia received the highest financial inclusion score among selected Latin American and Caribbean countries.

Main obstacles to financial inclusion in Latin America in 2019

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Source

Release date

October 2019

Region

LAC

Survey time period

2019

Special properties

among banks affiliated to the Latin American Federation of Banks (FELABAN)

Supplementary notes

The source does not specify the type and date of the survey, or the number of respondents.

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