Getting Smart about Financial Inclusion: Lessons from the SmartAid Index

Eight years after SmartAid was launched and with 20 funders participating over those years, what lessons can be drawn both on the use of indices to motivate behavior change and the effectiveness of funders in financial inclusion? Has the Index triggered change? What has driven this change? This Focus Note reflects on these questions and also looks at upcoming challenges for funders in light of evolutions in financial inclusion and the broader aid architecture.