ABSTRACT

This chapter examines different financial inclusion indicators commonly employed at the country level across different income groups. With current conflicting priorities between developing countries and the rest of the world, examining financial inclusion in the context of the COVID-19 pandemic is currently essential. Data about financial inclusion strategies and policies and risk exposure among different income groups were obtained from the official website of the World Bank for 124 countries; there are three points of missing data due to unspecified income groups. A correlation matrix of financial inclusion indicator variables is examined following the Analysis of Variance and post hoc test results. It is obvious that financial exclusion and the COVID-19 pandemic are pressing global issues, although their severity varies drastically across the globe. Africa has a huge proportion of a financially excluded population and is severely affected by the impact of the COVID-19 pandemic.