Lessons from Implementing a National Financial Inclusion Strategy
A national financial-inclusion strategy (NFIS) helps policy makers, in coordination with a wide range of stakeholders, define objectives and outline a set of impactful, sequenced actions to accelerate progress toward achieving financial-inclusion g...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/undefined/743511629195095174/Lessons-from-Implementing-a-National-Financial-Inclusion-Strategy http://hdl.handle.net/10986/36213 |
| Summary: | A national financial-inclusion strategy
(NFIS) helps policy makers, in coordination with a wide
range of stakeholders, define objectives and outline a set
of impactful, sequenced actions to accelerate progress
toward achieving financial-inclusion goals. Achieving
greater financial inclusion requires a deliberate,
coordinated approach to identify barriers and opportunities,
and a platform for diverse stakeholders to coordinate
efforts to achieve shared financial-inclusion objectives.
NFIS implementation typically involves operationalizing
governance arrangements to oversee implementation,
establishing a framework for monitoring and evaluation
(M&E) to capture progress regularly, implementing action
plans to achieve financial-inclusion targets, and making
necessary adjustments to address changing landscapes. In
2018, the World Bank Group (WBG) released a toolkit that
provides financial-sector authorities and other stakeholders
with practical guidance on developing and operationalizing
an NFIS. After launching an NFIS, many factors influence and
shape progress and success, and no two countries travel the
same path during NFIS implementation. This note aims to
build on existing NFIS knowledge by sharing insights that
have helped improve implementation postlaunch. When used
together with the WBG NFIS Toolkit, this note aims to
support countries that are working to draft, launch, and
implement an NFIS effectively. |
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