The UNSGSA Promotes Financial Inclusion on Visit to Ethiopia
The Special Advocate discussed how the country could embrace financial inclusion as a priority and help achieve the UN Sustainable Development Goals.
During her two-day visit, she identified several key opportunities to increase financial inclusion, including: the expansion of digital financial services through regulations and licensing of non-banks that can provide payment services; improvements in the lending infrastructure; and, the prioritization and sequencing of National Financial Inclusion Strategy actions.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.
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.
UNSGSA Receives Members of G20 Women20 Network
The Special Advocate received representatives of the W20 to discuss how to strengthen and support the network by providing knowledge and technological expertise for the three pillars on which women’s economic empowerment is built: financial inclusion, digital inclusion and labor inclusion.
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