Our Mission

The Center for Inclusive Growth advances sustainable and equitable economic growth and financial inclusion around the world. Established as an independent subsidiary of Mastercard, we activate the company’s core assets to catalyze action on inclusive growth through: research, data philanthropy, programs and engagement.

Doing well by doing good

From the founding of the Mastercard Foundation in 2006 through a gift of stock at the time of the company’s initial public offering to a business strategy for advancing financial inclusion, Mastercard has demonstrated a commitment to doing well by doing good.

In 2018, the company created the Mastercard Impact Fund, pledging to commit $500 million from its savings from the U.S. tax reform. The Center is uniquely positioned between the Foundation, the Impact Fund and the Mastercard business to design and develop programs and partnerships to help solve the dual challenges of income inequality and information inequality.

What We Do

The Center for Inclusive Growth leverages core Mastercard assets to create new models of cross-sector collaboration through:

Research

Partnering with leading economists and scholars to create actionable insights out of complex theories

Programs

Enabling entrepreneurs and workers to grow, thrive and succeed in the new economy

Data Philanthropy

Unlocking the power of data to reduce information inequality and advance social good

Engagement

Organizing a community of leaders to promote and adopt evidence-based solutions

Areas of Focus

Barriers to achieving inclusive growth are present in developed and developing markets. They are relevant to individuals and the communities in which they live. And they impact not only those in poverty, but also those who form part of the burgeoning middle class. The Center’s approach to inclusive growth is to make the digital economy work for everyone with a focus in four areas:

Promoting financial security to ensure all people have access to the tools they need to be productive and resilient in the digital economy.

Improving quality of life for all peopleeverywhere by leveraging technology and policies that will make urbanization more inclusive.

Supporting the economic mobility of workers so they can navigate the digital economy without being tethered to a particular place or job.

Leveraging the power of data for good by increasing the capacity to solve systemic problems using real evidence.

About Inclusive Growth

Inclusive growth ensures the benefits of a growing economy extend to all segments of society. Unleashing people’s economic potential starts with connecting them to the vital networks that power the modern economy.

Access to and integration into these networks increase their productivity, which can set in motion a virtuous cycle of sustained poverty reduction and inclusive growth—we call this democratizing productivity.

A key component of inclusive growth is financial inclusion, which connects people to secure ways for receiving, storing and managing money. While financial inclusion is a point of entry to lift people and markets out of poverty, inclusive growth is the key to move them towards shared prosperity.