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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Latin American Federation of Banks. (October 31, 2019). Main obstacles to financial inclusion in Latin America in 2019 [Graph]. In Statista. Retrieved May 19, 2022, from https://www.statista.com/statistics/1188312/latin-america-obstacles-financial-inclusion/
Latin American Federation of Banks. "Main obstacles to financial inclusion in Latin America in 2019." Chart. October 31, 2019. Statista. Accessed May 19, 2022. https://www.statista.com/statistics/1188312/latin-america-obstacles-financial-inclusion/
Latin American Federation of Banks. (2019). Main obstacles to financial inclusion in Latin America in 2019. Statista. Statista Inc.. Accessed: May 19, 2022. https://www.statista.com/statistics/1188312/latin-america-obstacles-financial-inclusion/
Latin American Federation of Banks. "Main Obstacles to Financial Inclusion in Latin America in 2019." Statista, Statista Inc., 31 Oct 2019, https://www.statista.com/statistics/1188312/latin-america-obstacles-financial-inclusion/
Latin American Federation of Banks, Main obstacles to financial inclusion in Latin America in 2019 Statista, https://www.statista.com/statistics/1188312/latin-america-obstacles-financial-inclusion/ (last visited May 19, 2022)
