Financial Inclusion Strategy

Financial Inclusion Strategy

Financial inclusion strategies (FIS) are comprehensive public documents that systematically accelerate a country’s level of financial inclusion. Typically, national financial inclusion strategies (NFIS) include analysis on a country’s current financial inclusion status and constraints, measurable goals, how and when that country proposes to reach these goals, and how the progress and achievements of the NFIS will be assessed.

NFIS are developed through broad consultative processes involving, among others, public and private sector stakeholders engaged in financial sector development. The growing number of NFIS across all regions shows the influence of knowledge and peer learning on strategy development.

Global trends in financial inclusion strategies include emerging issues such as climate change and marginalized groups. In addition to women, other groups that need to be considered when building national financial inclusion include youth, forcibly displaced persons and people with disabilities.

Fundamental and emerging topics under FIS are explored in-depth through AFI’s Financial Inclusion Strategies Working Group (FISPLG).

FIS and gender

A key commitment within the Denarau Action Plan is to “consider and implement best practices in integrating policies for women’s financial inclusion and gender considerations within NFIS” and to “develop knowledge products to support this work”.

FIS Maya Declaration Commitments by AFI members

FIS commitments are being implemented to ensure that national coordination is driving financial inclusion programs effectively. FIS has one of the highest target completion rates with 43 percent of its 81 targets registered as completed.

PRIMARY THEMATIC AREA20122013201420152016201720182019

Financial Inclusion Strategy
Maya Declaration Targets2733414448636381
Completed1922272930313135
In Progress811141518323246
Completion Rate70%67%66%66%63%49%49.2%43%

 

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SDGs

© Alliance for Financial Inclusion 2009-2021