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World Bank Report Lays Out Road Map for Financial Inclusion

November 11, 2013

As mobile banking and other technological innovations fuel the expansion of financial services in many developing countries, a new World Bank report urges policy makers to focus on products that benefit the poor, women and other vulnerable groups the most. The "Global Financial Development Report 2014: Financial Inclusion" report stays no-frills savings and payment accounts, for example, offer a safe place for people to store and transfer money and help them maintain a relatively stable living standard.