Financial Inclusion in the Context of COVID-19
The world is facing a global health and economic crisis.
The new coronavirus is taking a severe toll on our societies, claiming people’s lives and livelihoods, with long-term implications on global and national economies. The UNSGSA is working with financial inclusion advisors within her Reference Group, along with members of the CEO Partnership for Economic Inclusion, to assess, support and champion policies and initiatives to aid in the global response and recovery process.Read more
Financial Inclusion: Building on 10 Years of Progress
The UNSGSA's 2019 Annual Report to the Secretary-General 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.
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