Can Formal Banking Raise the Incomes of the Poor?

Rohini Pande, Shawn Cole, Anitha Sivasankaran, Gautam Bastian and Katherine Durlache


This policy note reports the results of a systematic review of the empirical literature investigating the impact of access to formal banking services on the income of the poor. Taking a functional approach to finance, the authors define formal banking services to include lending, savings and payment services.


Policy Note

Thematic Area

Financial Well-being and Social Protection