Financial Inclusion and Digital Financial Inclusion of Forcibly Displaced Persons: Strategies and Challenges

Peterson Ozili

MPRA Paper from University Library of Munich, Germany

Abstract: Forced displacement poses a challenge to development. It displaces men, women, and children from their places of residence, making them strangers in another community and country. In the host country, they often lack legal identity. As a result, they cannot access basic formal financial services because financial service providers won’t serve them without formal legal identification. This puts forcibly displaced persons in a vulnerable situation. Financial inclusion for forcibly displaced persons, if it can be achieved, can give them access to basic financial services, which they can use to build resilience and cope with the humanitarian crises that accompany forced displacement. This study identifies some strategies to increase financial inclusion for forcibly displaced persons. It also highlights some challenges that may be encountered in advancing financial inclusion for forcibly displaced persons. The insights offered in this article are useful for development policymaking. It is also useful to academics, policymakers, and practitioners involved in activities, projects, or programs that are aimed at restoring the livelihoods of vulnerable people.

Keywords: Crisis; financial inclusion; forcibly displace people; resilience; vulnerable group theory of financial inclusion; vulnerable people (search for similar items in EconPapers)
JEL-codes: G20 G21 G23 (search for similar items in EconPapers)
Date: 2025
New Economics Papers: this item is included in nep-fle, nep-mig and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:125563

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