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Financial Inclusion, Financial Literacy, and Financial Education in Georgia

Yaroslava Babych, Maya Grigolia and Davit Keshelava
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Yaroslava Babych: Asian Development Bank Institute
Maya Grigolia: Asian Development Bank Institute
Davit Keshelava: Asian Development Bank Institute

No 849, ADBI Working Papers from Asian Development Bank Institute

Abstract: We provide a comprehensive overview of the current state of financial inclusion and financial literacy in Georgia based on the latest literature, statistical evidence, and recent surveys. We review current government policy initiatives and strategy documents aimed at improving financial access of SMEs and households; analyze the state of the regulatory framework in Georgia; focus on the causes behind the current low levels of financial inclusion and financial literacy among the young, the poor, and the rural population; and provide policy recommendations to comprehensively address the financial inclusion problem in Georgia.

Keywords: economic development; financial stability; financial literacy; financial inclusion; financial education (search for similar items in EconPapers)
JEL-codes: G20 G21 G23 G28 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2018-06-14
New Economics Papers: this item is included in nep-cis, nep-cwa, nep-fle and nep-tra
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