Panel analysis reveals financial inclusion significantly reduces poverty and gender disparities in Sub-Saharan Africa, highlighting its role in promoting equitable economic growth.
Key Points
Financial inclusion has a strong positive association with poverty reduction, enhancing economic stability and growth.
Using 27 years of panel data, the Generalized Method of Moments reveals critical relationships between financial access and socioeconomic factors.
The study underscores the importance of addressing structural barriers to further advance gender equity in finance.
Sustained investment in digital technology and financial infrastructure is necessary to expand access for marginalized groups.