Knowledge Note

In Latin America and the Caribbean 8 percent of adults have a formal loan and 39 percent have a formal account, according to new data from the Global Financial Inclusion (Global Findex) database. The data also show deep disparities across economies and individual characteristics in how adults use financial services. The database can be used to track the effects of financial inclusion policies in Latin America and the Caribbean and develop a deeper and more nuanced understanding of how adults in the region save, borrow, make payments, and manage risk.