The political economy of financial inclusion: tailoring donor policy to fit

Susan Johnson, Richard Williams

Research output: Contribution to journalArticlepeer-review

6 Citations (Scopus)

Abstract

Financial inclusion has recently become a globally acclaimed policy objective. This provokes the need to review policy in this sector, particularly in light of the tensions that arise between donor approaches founded on market modernism and governments with more activist leanings. This is done here in the context of efforts to move donor development policy beyond ‘best practice’ institutional blue-prints to those which are ‘good enough’, which seek to understand underlying political economy dynamics in order to find space to engage with governments. In doing so, it is argued that there is scope for ‘working with the grain’ and harnessing the political economy of government policy in order to produce financial inclusion outcomes.
Original languageEnglish
Pages (from-to)721-743
Number of pages23
JournalDevelopment Policy Review
Volume34
Issue number5
Early online date1 Aug 2016
DOIs
Publication statusPublished - 1 Aug 2016

Keywords

  • financial inclusion
  • political economy
  • financial sector development
  • Africa

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