Financial Inclusion and Development

Financial inclusion refers to ensuring that individuals and businesses have access to affordable financial services, such as savings accounts, loans, and insurance. This is crucial for fostering economic development, especially in emerging economies. When more people can participate in the financial system, they can save money, invest in education or businesses, and manage risks, leading to improved livelihoods. In the context of international trade, financial inclusion helps empower communities to engage in trade activities, enhances economic growth, and reduces poverty by integrating more participants into the economy. Ultimately, it supports sustainable development and increases resilience in global markets.