The Power of Mobile Money
On the 10th anniversary of the introduction of mobile money in Kenya, the Special Advocate and the GSMA have created a compelling short video that lays out the impact of mobile money on financial inclusion. Today mobile finance holds great potential to reach the two billion people who remain excluded from financial services. “Let us all work together,” the Special Advocate says in closing, “to place the transformational power of mobile money in the hands of those who need it most.”Read more
The Power of the UN to Advance Financial Inclusion
The Special Advocate met with the UN's Group of Friends of Financial Inclusion to review the progress in building recognition of financial inclusion into the SDG, but also to discuss immediate priorities including improving the evidence base and measuring advances.Read more
Blog: Viet Nam at a Crossroads for Financial Inclusion
After the UNSGSA’s recent visit to Viet Nam, Eric Duflos reflects on what forces can be harnessed to expand financial inclusion. Sustaining growth will require a deeper, more modern, and more sustainable financial sector, he writes, including digital solutions, an effective financial inclusion strategy, and innovative support for agriculture.
"When you invest in women, you invest in the whole family"
In a video interview during the Women20 Summit in Berlin, the Special Advocate laid out the why and the how of women's financial inclusion, touching on IDs, laws and regulations, digitization, and the importance of working country by country.
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