ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.
Established in 1966, it is owned by 68 members—49 from the region.
ORGANIZATION
ACCOUNTABILITY
ADB supports projects in developing member countries that create economic and development impact, delivered through both public and private sector operations, advisory services, and knowledge support.
Thorsten Beck
Economic Research and Regional Cooperation Department (ERCD)
Author
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Fintech and Financial Inclusion: Opportunities and Pitfalls
Financial innovation has helped push out the frontier of access to finance while blurring the regulatory boundaries of the financial system.
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Financial Inclusion in Asia: An Overview
In terms of financial inclusion, fewer than 27% of adults in developing Asia have an account in a formal financial institution, and only 33% of enterprises report having a line of credit or a loan from a financial institution.