Global Financial Development Report 2014 is the second in a new World Bank series. It contributes to financial sector policy debates, building on new data, surveys, research, and country experience, with emphasis on emerging markets and developing economies. This year’s report focuses on financial inclusion—the share of individuals and firms that use financial services—and demonstrates its importance for reducing poverty and boosting shared prosperity. It also underscores that the objective is not financial inclusion for the sake of inclusion. For example, policies promoting credit for all at all costs can lead to greater financial and economic instability. The report offers practical, evidence-based advice on policies that support healthy financial inclusion.