Financial inclusion choices in post-conflict and fragile states of Africa: the case of Burundi

Financial inclusion has become an important goal of the global development agenda, particularly for post-conflict and fragile states. Enhancing financial inclusion is vital for a country like Burundi which aims to achieve inclusive growth in its attempt to break free of its fragility. However, the a...

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Autores principales: Atta-Aidoo, J., Bizoza, S., Saleh, A.O., Matthew, E.C.
Formato: Journal Article
Lenguaje:Inglés
Publicado: Informa UK Limited 2023
Materias:
Acceso en línea:https://hdl.handle.net/10568/137406
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author Atta-Aidoo, J.
Bizoza, S.
Saleh, A.O.
Matthew, E.C.
author_browse Atta-Aidoo, J.
Bizoza, S.
Matthew, E.C.
Saleh, A.O.
author_facet Atta-Aidoo, J.
Bizoza, S.
Saleh, A.O.
Matthew, E.C.
author_sort Atta-Aidoo, J.
collection Repository of Agricultural Research Outputs (CGSpace)
description Financial inclusion has become an important goal of the global development agenda, particularly for post-conflict and fragile states. Enhancing financial inclusion is vital for a country like Burundi which aims to achieve inclusive growth in its attempt to break free of its fragility. However, the adoption of instruments of financial inclusion such as bank account, microfinance account and mobile money account is low due to weak institutional capacity leading to high-risk exposure and a greater risk of economic instability. This study examines the factors that influence the adoption of these instruments of financial inclusion using the Multivariate Probit and Poisson regression models. The results show that there is a significant correlation between the instruments of financial inclusion, signifying that the adoption of these instruments is interrelated. The analysis also reveals that, factors such as receipt of government transfers, receipt of remittances, education, membership of a social network, access to electricity, employment status, and area of residence influence both the probability and intensity/extent of adoption of the instruments of financial inclusion. By implication, policymakers should enhance access to electricity, formalise employment and strengthen social networks to improve the adoption of financial inclusion instruments.
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spelling CGSpace1374062025-11-11T10:40:32Z Financial inclusion choices in post-conflict and fragile states of Africa: the case of Burundi Atta-Aidoo, J. Bizoza, S. Saleh, A.O. Matthew, E.C. microfinance poverty reduction multivariate analysis social networks Financial inclusion has become an important goal of the global development agenda, particularly for post-conflict and fragile states. Enhancing financial inclusion is vital for a country like Burundi which aims to achieve inclusive growth in its attempt to break free of its fragility. However, the adoption of instruments of financial inclusion such as bank account, microfinance account and mobile money account is low due to weak institutional capacity leading to high-risk exposure and a greater risk of economic instability. This study examines the factors that influence the adoption of these instruments of financial inclusion using the Multivariate Probit and Poisson regression models. The results show that there is a significant correlation between the instruments of financial inclusion, signifying that the adoption of these instruments is interrelated. The analysis also reveals that, factors such as receipt of government transfers, receipt of remittances, education, membership of a social network, access to electricity, employment status, and area of residence influence both the probability and intensity/extent of adoption of the instruments of financial inclusion. By implication, policymakers should enhance access to electricity, formalise employment and strengthen social networks to improve the adoption of financial inclusion instruments. 2023-12-31 2024-01-09T16:19:32Z 2024-01-09T16:19:32Z Journal Article https://hdl.handle.net/10568/137406 en Open Access application/pdf Informa UK Limited Atta-Aidoo, J., Bizoza, S., Saleh, A.O. & Matthew, E.C. (2023). Financial inclusion choices in post-conflict and fragile states of Africa: the case of Burundi. Cogent Social Sciences, 9(1): 2216996, 1-22.
spellingShingle microfinance
poverty reduction
multivariate analysis
social networks
Atta-Aidoo, J.
Bizoza, S.
Saleh, A.O.
Matthew, E.C.
Financial inclusion choices in post-conflict and fragile states of Africa: the case of Burundi
title Financial inclusion choices in post-conflict and fragile states of Africa: the case of Burundi
title_full Financial inclusion choices in post-conflict and fragile states of Africa: the case of Burundi
title_fullStr Financial inclusion choices in post-conflict and fragile states of Africa: the case of Burundi
title_full_unstemmed Financial inclusion choices in post-conflict and fragile states of Africa: the case of Burundi
title_short Financial inclusion choices in post-conflict and fragile states of Africa: the case of Burundi
title_sort financial inclusion choices in post conflict and fragile states of africa the case of burundi
topic microfinance
poverty reduction
multivariate analysis
social networks
url https://hdl.handle.net/10568/137406
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