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Global Findex Database

  • 04 Apr 2019

Why is it in News?

According to the Global Findex Database 2017, there has been a significant progress in the last five years which implies a humble growth in the microfinance sector of the country.

  • The Global Findex database is the world’s most comprehensive data set on how adults save, borrow, make payments, and manage risk.
  • This initiative was launched in 2011 by World Bank with the financial help provided by Bill & Melinda Gates Foundation.
  • The database gets published every three years.