Financial System Trends in Developing Economies

A well-functioning financial sector is a prime enabler of private-led, inclusive, and green economic growth. Countries with stable, deeper, more developed financial systems enjoy higher economic growth and larger reductions in poverty and income inequality. Progress on access to and usage of financial services has increased opportunities and resilience for the poor, particularly women. Going forward, the financial sector will also need to play a vital role in mobilizing private capital as financing gaps to address global challenges of climate change, conflict, and pandemics. ?The development objective of the report is to provide intellectual leadership and shape the global discussion on the unique and evolving challenges facing financial sectors in low-income countries and middle-income countries by providing evidence-based analysis and tailored, practical policy recommendations.