Financial Inclusion for Women, Public Goods in Focus During UNSGSA's Bangladesh Visit
With a growing economy and increasingly digitally connected population, Bangladesh appears well positioned for a boost in technology-enabled financial inclusion.
To support inclusive finance in Bangladesh, the Special Advocate visited the country 9-11 July 2019. Throughout her discussions with various leaders, the UNSGSA highlighted the need to embrace innovation to increase financial inclusion.Read more
Regulatory Sandboxes Not Always the Answer for Regulating Inclusive FinTech, Says New Report
Regulatory sandboxes are neither necessary nor sufficient to promote inclusive FinTech, and similar results can be achieved through innovation offices and other tools, according to a new report from the UNSGSA's FinTech Working Group and the University of Cambridge’s Centre for Alternative Finance with support from the Monetary Authority of Singapore.
UNSGSA Introduces W20 Acceleration Platform for Women’s Economic Empowerment
During the recent G20 Summit in Osaka, the Special Advocate introduced the W20 Acceleration Platform to boost capacity to collect data, conduct research on public goods, and develop recommendations for policies that release economic power for women.
Early Lessons from the CEO Partnership for Economic Inclusion
Before profit and social impact can be achieved at scale, CEOP members need to go through a series of design ideas for possible initiatives and pilot test the potential of success. The advisors to the CEOs are instrumental throughout this process.
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