The world of digital financial services (DFS)—mobile money, mobile banking, digital payment platforms, and FinTechs—is the new frontier for financial inclusion. But what does this frontier mean for women—and how can we navigate it using harmonized gender data? Starting with the G7 gender ministerial later this week, several high-level meetings in the next six months provide an opportunity for the international community to begin addressing that question by setting a common gender data agenda—a necessary step if DFS are to help close the financial inclusion gender gap.
CGD Policy Blogs
While income growth has been labeled "the holy grail of development," new analysis from Owen Barder, Lee Robinson, and Euan Ritchie suggests that there is just as much value in focusing on promoting innovation and the spread of technology.
In Africa, as in much of the developing world, “informality” has become the dread of policymakers who are constantly told by international development agencies and consultants to “formalise” their economies.
There is an industrial revolution underway in sub-Saharan Africa’s most entrepreneurial economies.
While there are several success stories where technology has helped level the playing field and brought economic opportunities to vulnerable communities in India, the question remains: Will technology help advance gender equality, or will it instead fuel a growing gender-digital divide?
In many developing countries health supply chains function poorly, resulting in frequent stockouts and many substandard and even falsified medications—which undermine treatment effectiveness and raise the risk of antimicrobial resistance.
I wrote last week that with an Administration and Congress both prioritizing gender equality and women’s economic empowerment, now was a good time to put in place legislation that would leverage the power of US-based multinational enterprises to encourage gender equality in the workplace in countries that legally enforced discrimination. A recent case of US-based multinational enterprises abetting discrimination suggests an extension to the law, and the creation of the new US Development Finance Corporation provides a new tool for the legislation to use.
In our recent paper published by GSMA, we examined two approaches to conducting customer identification, verification, and due diligence (collectively referred to as “know your customer” or KYC) that make it easier for financial service providers to take on new customers: tiered KYC and electronic KYC (e-KYC). Of the two, e-KYC is the more promising long-term approach, but also the more challenging to implement.
Associate Professor of Political Science Yuen Yuen Ang on how to make your data more meaningful, the dangers of big data in cases of oppression, and whether political freedom is really a requirement for technological development.
Developing countries are seeking more control over their citizens’ data—leading them to policies that put the open nature of the Internet at risk, says a new CGD paper.