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INSTITUTIONAL MEMORY 2020

Financial inclusion in Bolivia Bolivia as one of the pioneer
is measured as the access countries in regards to
to a savings account or financial innovation and,
“mobile Money”, and has has been able to develop

increased from 28% in the credit technologies that
year 2011 to 54% in the reduced costs of transactions
year 2017. Nevertheless, the and made the provision

country, in the year 2017 was of services to vulnerable
situated below the global populations self-sustainable.
average (69%), below other
To da y, w it h t his ne w
developing countries (63%)
technological upturn, the
and one percentile point
country has the opportunity
below Latin America and the
to achieve a cost reduction
Caribbean (55%).
in regards to transactions
In regards to the gender- and to give a leap forward
based gap concerning the into financial inclusion.
access to an account, Bolivia However, there is still much

is one of the countries with the to do, both, in a achieving
lowest difference, with only more coverage concerning
one point difference between financial services as to

men (55%) and women (54%). promote financial education
On the other hand, access and the massification of
for rural populations to an digital and mobile banking.
account in Bolivia is similar to All of this, with the objective
the average in Latin America, of providing further and

53%. more effective support in the

The micro financing revolution fulfillment of the SDGs.
in the 1980s positioned

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