Financial Inclusion: Building on 10 Years of Progress
UNSGSA 2019 Annual Report to the Secretary-General
UN Special Advocate Queen Máxima's new annual report highlights key areas of focus, initiatives and country visits over the last year, as well as features a special section focusing on a decade of progress in financial inclusion.Read more
UN Special Advocate Queen Máxima Interview with The Banker
Ahead of the World Economic Forum Annual Meeting 2020 in Davos, the UNSGSA sits with The Banker for a video interview to discuss the importance of better understanding financial exclusion, the need for better products, and how cross-sector business partnerships can help reach the unbanked.
Mobile Wallets: The Newest Tool for Beauticians at a Pakistani Startup
Sometimes when Ms. Safia Javed brought home cash after working all day at a traditional salon she could not prevent her unemployed male relatives from taking her savings. A mobile wallet helped give her more security and control over her money.
UNSGSA Promotes Financial Inclusion at World Economic Forum in Davos
The Special Advocate's program included bilateral meetings with various heads of state, ministers, central bank officials, fintech organizations, and other private sector leaders to discuss promoting financial inclusion. She also participated in several plenary sessions.
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
Thirty-one percent of the world’s adults—1.7 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