Financial inclusion in Peru and Latin America in times of COVID-19

Authors

DOI:

https://doi.org/10.15381/quipu.v29i60.19775

Keywords:

COVID-19, financial inclusion, poverty, economy, crisis

Abstract

This study analyzes the consequences of COVID-19 in Peru and Latin America regarding the aspects of poverty and unemployment, the impact on the economic-social scenarios, and the existing financial inclusion indicators in times of pandemic. The article’s objective was to show the importance of financial inclusion to mitigate the effects of the COVID-19 crisis by inserting the population ―traditionally excluded― into the formal financial system. As a result of the research, it is shown that governments have mitigated the negative effects of the pandemic with the implementation of subsidy programs and by offering economic support to the vulnerable population; however, it is necessary to improve public policies to take advantage of digital innovation in benefit of the population, and to lower the barriers that hold back the penetration of financial inclusion.

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Author Biography

  • Allan Herminio Vargas García, Universidad Nacional Mayor de San Marcos

    Master's Degree in Administration from Universidad del Pacifico and Bachelor's Degree in Administration from the School of Administrative Sciences of Universidad Nacional Mayor de San Marcos (UNMSM). Doctor in Administration from the School of Administrative Sciences of the UNMSM.
    He has more than 15 years of experience in the public and private sector. Currently, he is a Global Markets System specialist at BBVA Peru. He has extensive experience in credit and collection management, treasury and financial planning in private sector companies and in banking project management. In the academic area, he is an appointed professor at the Faculty of Administrative Sciences of the UNMSM and other universities, such as the Peruvian University of Applied Sciences.

     

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Published

2021-09-01

Issue

Vol. 29 No. 60 (2021)

Section

Review Articles

License

Copyright (c) 2021 Allan Herminio Vargas García

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

AUTHORS RETAIN THEIR RIGHTS:

a. Authors retain their trade mark rights and patent, and also on any process or procedure described in the article.

b. Authors retain their right to share, copy, distribute, perform and publicly communicate their article (eg, to place their article in an institutional repository or publish it in a book), with an acknowledgment of its initial publication in Quipukamayoc .

c. Authors retain theirs right to make a subsequent publication of their work, to use the article or any part thereof (eg a compilation of his papers, lecture notes, thesis, or a book), always indicating the source of publication (the originator of the work, journal, volume, number and date).

How to Cite

Vargas García, A. H. (2021). Financial inclusion in Peru and Latin America in times of COVID-19. Quipukamayoc, 29(60), 97-105. https://doi.org/10.15381/quipu.v29i60.19775