Over the years, financial inclusion has emerged as one of the key drivers of inclusive socio-economic development, especially in developing countries.  The human development discourse is therefore incomplete without addressing issues of financial inclusion. This is because creating an adequate level of financial inclusion enables individuals and entities to fully participate in the national economy.  Specifically, financial inclusion, or an inclusive financial market, especially in digitised form, reduces inequality by facilitating consumption, payments and money transfers, and business operations as well as realising the benefits from financial products such as savings and credit. Financial inclusion also promotes the growth of…

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About the Author

Patricia Ojangole is the Managing Director, Uganda Development Bank.

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