Project Description
In 2023, the Community of Practice (CoP) for Financial Inclusion was launched in partnership with the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP). This platform facilitates knowledge exchange and collaboration among policymakers across Asia-Pacific and Latin America, providing a neutral platform to discuss challenges and ideas, offering opportunities for shared learning and cooperation through diverse activities and initiatives.
Project Personnel and Beneficiaries
Policymakers and regulators from Asia-Pacific and Latin America
The unbanked or financially underserved populations
Outcomes to Date
A comprehensive study was undertaken to explore policy approaches for financial inclusion in both Asia-Pacific and Latin America. It provides policy guidance and advice and supports governments in both regions in promoting policies that foster inclusive and sustainable economies. It includes evidence and analyses of key strategies from both regions aimed at advancing the financial inclusion of women, rural communities, and micro, small, and medium enterprises (MSMEs). The report serves as a foundation for dialogue and collaboration between policymakers and political stakeholders in these regions, offering valuable educational insights for global policymakers as well.
Based on these findings, additional capacity building activities were implemented including webinars and a study tour for policymakers hosted by the Central Bank of Cambodia.
Project Significance
The objective of the CoP is to accelerate capacity building among participating policy and lawmakers and political stakeholders in both regions on specific financial inclusion challenges. Through a range of targeted activities developed in cooperation with participants based on their needs and areas of mutual interest, the CoP provides direct support towards the implementation of successful policy measures.
Examples of support provided through the CoP include knowledge creation, knowledge exchange and training and technical assistance.