Financial Services for the Poor

SDG target: Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance, and financial services for all.

Being able to prove who you are is key to accessing financial and social services as well as securing rights (like voting) and seizing economic opportunities (like registering your business). Yet 1 billion people lack basic proof of ID, and as many as half of the world’s population lacks ID that authorities routinely trust and accept. Moreover, there is an ID gender gap in low-income countries, with only 55 percent of women able to prove their identity compared to 70 percent of men.

education graph

Below is the available global data on the percentage of adults with a bank account. There was no new data this year, so this is the same picture as we presented last year.