Better data is critical for policy makers to make evidence-based decisions that can advance financial inclusion. At the G20 Los Cabos Summit in June 2012, G20 Leaders endorsed the G20 Basic Set of Financial Inclusion Indicators (“the Basic Set”). Developed by the GPFI’s Data and Measurement Sub-Group and its Implementing Partners AFI, CGAP, IFC and the World Bank, the Basic Set integrates existing robust global data efforts to track financial inclusion progress.
The Basic Set includes indicators of access to, and usage of, financial services. These indicators are a useful starting point that lay a strong foundation for financial inclusion measurement and monitoring. Over time, new indicators that provide deeper coverage of all financial services and various delivery channels as well as measures of quality will be developed so as to provide a more comprehensive picture of financial inclusion.
Ideally every country collects and monitors its own financial inclusion indicators. The Basic Set lists appropriate data sources when country-level data is not available. They include the International Monetary Fund’s recently launched 2012 Financial Access Survey
(FAS) and the World Bank’s Global Findex
and Enterprise Surveys
An overview of the Basic Set is available here
Read about the official launch of the G20 Basic Set of Financial Inclusion Indicators here