Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/190299 
Year of Publication: 
2018
Series/Report no.: 
ADBI Working Paper No. 878
Publisher: 
Asian Development Bank Institute (ADBI), Tokyo
Abstract: 
Financial inclusion and financial literacy are receiving increasing attention for their potential to contribute to economic and financial development while fostering more inclusive growth and greater income equality. In general, the progress of financial inclusion and financial development in the economies in Central Asia and the South Caucasus (CASC) has lagged that of other Asian economies, partly due to the disruptions and instabilities following the breakup of the Soviet Union in 1991. The purpose of this study is to survey the experiences of the CASC economies to assess factors affecting the ability of low-income households and small and medium-sized firms to access financial services, including financial literacy, financial education programs, and financial regulatory frameworks, and to identify policies that can improve their financial access while maintaining financial stability. It aims to identify successful experiences and lessons that can be adopted by other emerging economies.
Subjects: 
financial inclusion
financial literacy
financial regulation
consumer protection
banks
microfinance
insurance
pensions
Armenia
Azerbaijan
Georgia
Kazakhstan
Kyrgyz Republic
Tajikistan
Uzbekistan
Central Asia
South Caucasus
JEL: 
G21
G28
I22
O16
O17
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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