The Emlyon Business School’s Knowledge platform published the article “Dismantling USAID and the impact on financial inclusion” authored by Prof. Sandra Challita, Professor of Finance, Emlyon business school.
The article discusses the potential consequences of reducing or eliminating the United States Agency for International Development (USAID) on global financial inclusion efforts. It highlights that dismantling USAID could lead to a significant setback in financial inclusion progress. USAID’s programs have supported the development of digital financial services, regulatory reforms, and technical assistance to financial institutions. These initiatives have enabled millions to access banking services, credit, and insurance—contributing to poverty reduction and economic growth.
Furthermore, the article emphasizes that the absence of USAID’s support could hinder the scaling of innovative financial technologies and limit the reach of financial services to remote and marginalized communities. In conclusion, it argues that maintaining USAID’s role is crucial for sustaining and advancing global financial inclusion—key to fostering inclusive economic development and reducing inequality.
This article draws on findings from the research paper “Digital and Traditional Financial Inclusion: Trends and Drivers”, co-authored by a team of EMEA researchers:
- Prof. Rym Ayadi (EMEA President, Professor at the Bayes Business School, City St George’s, University of London)
- Dr. Yeganeh Forouheshfar (EMEA Senior Researcher)
- Prof. Sandra Challita (EMEA Research Fellow and EMANES Coordinator, Professor at the Emlyon Business School)
- Dr. Mais Sha’ban (EMEA Research Fellow, Associate Professor at the Al-Zaytoonah University of Jordan)
- Prof. Serena Sandri (Member of the EMEA Expert Panel, Professor at the German Jordanian University)
The paper was published in the International Business and Finance journal in October 2024.
Link to the article: Dismantling USAID and the impact on financial inclusion
Link to the paper: Digital and Traditional Financial Inclusion: Trends and Drivers
