Financial Inclusion: Advancing Sustainable Development—the 2016 UNSGSA Report
Over the last year the world has begun to press forward with ambitious plans to achieve the Sustainable Development Goals. Financial inclusion is broadly recognized within the Goals as a powerful tool to advance development progress.
The 2016 UNSGSA Report looks at recent work to expand financial inclusion and examines some of the most effective tools to make that possible.
Video—The Special Advocate’s 2016 Annual Message
“From huge data sets to individual stories, evidence suggests that universal financial inclusion in within reach.” The Special Advocate, Queen Maxima of the Netherlands, delivers her 2016 annual message in a brief, compelling video.
Customer-centricity: At the Heart of Financial Inclusion and the Core of the Digital Economy
Digital finance holds much promise but a big hurdle remains in the form of usage, the Special Advocate said in a speech at the World Economic Forum. For a variety of reasons, so far people have not taken up digital financial services on a wide enough scale to have a consequential impact. The missing ingredient for providers and regulators may be customer-centricity—putting customers first at every stage.
With Germany Heading G20, Special Advocate Encourages Close Attention to Financial Inclusion
With Germany taking the helm of the G20 and focusing on financial inclusion as a key priority, the Special Advocate, who also serves as patron of the G20's Global Partnerhsip for Financial Inclusion, met with German leaders to discuss how best to expand financial inclusion around the world.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