Achieving the Sustainable Development Goals: The Role of Financial Inclusion
Financial inclusion is not an end itself but a means to expand human development, the Special Advocate emphasized during discussions leading up to the Sustainable Development Goals.
A new paper lays out just how powerful financial inclusion can be. Reviewing research on its links to development and detailing evidence of its impact on health, education, gender equality, economic growth, and other goals, this paper shows where and how financial services can help achieve the SDGs.Read more
Financial Inclusion: An Essential Part of the Response to Climate Change
The effects of climate change are being felt everywhere, but particularly by the poor in developing countries, the Special Advocate noted at a climate adaptation conference. Access to financial services is increasingly recognized as an essential part of preparations for the effects of climate change, and a number of innovative approaches are being developed including micro-insurance and solar power.Read more
In Bangladesh, Bringing Financial Inclusion to Rural Doorsteps
In rural Rajbari district, Sreemoti Josna Rani Das is getting a taste of what urban residents take for granted: easy access to a broad range of basic services—including agent banking and mobile money. It's all part of an innovative program that's helping to expand financial inclusion to the last mile.Read more
Create Economies that Can Benefit All
In an address to European economics and finance ministers, the Special Advocate discussed the role of financial inclusion in building sustainable economic development and growth in which all can participate. She emphasized the importance of access to financial services, stressed the sound, safe use of those services, and reflected on the challenges of financial innovation.Read more
Queen Máxima of the Netherlands
Her Majesty Queen Máxima of the Netherlands is the UN Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA).
As Special Advocate, Queen Máxima champions universal access to affordable, effective, and safe financial services for the poor. Collaborating closely with global and national partners, she raises awareness, encourages leadership, works to break down barriers, and supports action to expand financial inclusion. Queen Máxima is also honorary patron of the G20’s Global Partnership for Financial Inclusion and serves as a Global Agenda Trustee for the World Economic Forum’s Global Challenge Initiative on the Future of the Global Financial System. In the Netherlands, she is a member of the Committee for Entrepreneurship and Finance and honorary chair of the Dutch Money Wise Platform.Read more
Forty percent of the world’s adults—two billion people—struggle to get by without the basic financial services they need to protect themselves against hardship and invest in their futures.
Financial inclusion seeks to unlock development opportunity and improve the lives of all, especially the poor, by expanding access to catalytic financial tools.
Affordable, effective, and safe financial services—savings, insurance, payments, credit, and more—can play a transformative role by fostering equitable growth and furthering vital development goals such as poverty reduction, job creation, gender equality, and food security.
Financial inclusion can support families when they confront unexpected setbacks and help them work their way out of poverty. It can permit small entrepreneurs to invest in their businesses and create jobs. And it can allow societies and economies to grow stronger and more inclusive.
Financial inclusion cannot end poverty and inequality on its own, but it can contribute significantly to building better lives and more resilient communities. By opening a path to empowerment and opportunity for all, an inclusive financial system is essential infrastructure for every country.Read more