Financial Inclusion and Sustainable Growth

Over the past years, many low-income countries have undergone extensive financial reforms. Despite these reforms, many households and enterprises, especially in Africa, are still unable to participate in the financial sector. While it is well known that financial institutions and markets can help induce economic growth, it is much less clear how financial development can become inclusive and kick start a process of sustainable economic growth with a positive effect on the poor.

This summer school will discuss the major developments regarding research on financial inclusion, including microfinance. It will shed much light on how financial inclusion can induce sustainable growth in low-income economies, with explicit attention to African countries.