MICROFINANCE PAPER WRAP-UP: “Determinants of Financial Well-Being: Evidence from Latin America,” by Sebastián Cárdenas, Published by CAF

This paper addresses the measurement and causes of financial well-being in Latin America with the aim of encouraging the deployment of optimal policies and practices by both private institutions and governments. To define the term, Mr Cárdenas cites the US-based Consumer Financial Protection Bureau (CFPB), which considers a high level of financial well-being to mean individuals can “meet their financial obligations successfully, can feel secure about their financial future and are able to make decisions