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Conditional Cash Transfers and Financial Access: Increasing the Bang for Each Transferred Buck?
Author(s) -
Chiapa Carlos,
Prina Silvia
Publication year - 2017
Publication title -
development policy review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.671
H-Index - 61
eISSN - 1467-7679
pISSN - 0950-6764
DOI - 10.1111/dpr.12199
Subject(s) - financial inclusion , poverty , savings account , business , cash , finance , economics , cash transfers , financial system , financial services , economic growth
This article discusses the potential benefits and challenges that may arise if CCT programmes were to deposit transfers directly into recipients’ savings accounts. Over 33 countries around the world use CCT programmes as a strategy to fight poverty. Depositing the transfers into a savings account could give millions of households access to the formal financial system. Using the scarce evidence to date, we highlight opportunities that could help the combination of CCT s and formal savings accounts to bring financial inclusion to their recipients.