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Postal Financial Inclusion: Delivering the Missing Billion Accounts Luxembourg, 25 November 2009. Low-income people visit post offices: more than a billion among the poor Already many financial transactions - PowerPoint PPT Presentation
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contact@e-mfp.eu www.e-mfp.eu
Postal Financial Inclusion: Delivering the Missing Billion Accounts
Luxembourg, 25 November 2009
Postal Financial Inclusion: Delivering the Missing Billion Accounts
Luxembourg, 25 November 2009
contact@e-mfp.eu www.e-mfp.eu
Low-income people visit post offices: more than a billion among the poor
Already many financial transactions Not accounted for in IMF and World Bank
financial statistics: 70 % of people excluded from formal finance
20 or 30 % likely to be using posts
contact@e-mfp.eu www.e-mfp.eu
Financial crisis: a need for trusted financial intermediation
Trust as a key asset of Posts Financial crisis: danger of heavy
dependence on foreign capital flows Posts as a key savings collection
infrastructure to enhance macroeconomic stability
contact@e-mfp.eu www.e-mfp.eu
UPU-AFI Workshop on Financial Inclusion and Postal Banking (9 and 10 November)
15 developing and emerging countries benefiting from information exchanges grants to share best practices and analyses
Inclusion and economic efficiency in the provision of financial services are compatible (« magic of the post »)
contact@e-mfp.eu www.e-mfp.eu
Evaluating « finance for all » policies and measuring its impact
A quasi-natural experiment: the « Banco Postal » case in Brazil
Taking advantage of the gradual opening of « Banco Postal » branches throughout the country
contact@e-mfp.eu www.e-mfp.eu
More than 40 % of municipalities without banks in 2002 => increasing transactions costs for the poor
contact@e-mfp.eu www.e-mfp.eu
2002: 2,450 BP agencies,822 agencies where no bank
or other correspondent
2003: 3,813 BP agencies,1,108 agencies where no bank
or other correspondent
2004: 5,362 BP agencies,1,299 agencies where no bank
or other correspondent
2005: 5,444 BP agencies,1,154 agencies where no bank
or other correspondent
2006: 5,567 BP agencies,856 agencies where no bank
or other correspondent
contact@e-mfp.eu www.e-mfp.eu
contact@e-mfp.eu www.e-mfp.eu
0
10
20
30
40
50
60
70
80
90
100
< 2
416
2416 to 3
031
3031 to 3752
3752 to 4367
4367 to 5096
5096 to 5890
5890 to 6794
6794 to 7937
7937 to 9237
9237 to 10690
10690 to 12463
12463 to 14294
14294 to 16672
16672 to 19279
19279 to 22815
22815 to 28164
28164 to 3
5612
35612 to 52082
52082 to 96515
> 9
6515
%
Correspondents
Bank agencies
P opulation
Banco P ostal
Semi-deciles of populationLeast populated Most populated
contact@e-mfp.eu www.e-mfp.eu
0
10
20
30
40
50
60
70
80
90
100
< 1
975
1975 to 2
236
2236 to 2
457
2457 to 2
686
2686 to 2
948
2948 to 3
266
3266 to 3
782
3782 to 4
413
4413 to 5
035
5035 to 5
657
5657 to 6
267
6267 to 6
846
6846 to 7
480
7480 to 8
139
8139 to 8
872
8872 to 9
889
9889 to 1
1249
11249 to 1
3484
13484 to 1
8296
> 1
8296
%
Correspondents
Bank agencies
P opulation
Banco P ostal
Semi-deciles of GDP per capita
Poorest Richest
contact@e-mfp.eu www.e-mfp.eu
Mobilizing savings• In the 50 % poorest municipalities• Less than 30 % of the total population• Half of the total savings accounts of Banco Postal
Access to microfinance and loans• In the 20 % poorest municipalities• 10 % of the total population• 25 % of all loans and micro-loans
contact@e-mfp.eu www.e-mfp.eu
Without BPwithin a municipality
With BPwithin a municipality:
average effect
◊ up to 163 new firms
◊ up to 1,209 new jobs
◊ up to 9 new banks for 100 municipalities
◊ up to 201 new firms (+ 23%)
◊ up to 1,381 new jobs (+ 14%)
◊ up to 14 new banks for 100 municipalities (+ 56%)
◊ Effects more likely if some degree of financial intermediation (1 to 5 banks before BP opening)
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