Incorporating the unserved and underserved into the formal financial sector in a sustainable way will not only help propel socio-economic development, it will provide new market opportunities for the financial sector. The challenges, however, are that the most widely accepted methods of measuring financial inclusion do not incorporate a full spectrum of products, and only measure adoption without acknowledging the level of usage or sustainability.
Based on a scan of existing measurement frameworks in financial inclusion and a consultation process to understand the evolution of financial inclusion measurement, the i2i facility has developed measurement frameworks which build on existing frameworks currently in place.
Currently, we are testing and refining this framework with demand-side surveys and supply-side data from providers and governments. The initial finding from a country pilot undertaken in Zimbabwe will be presented this week at the eighth annual Global Policy Forum hosted by the Alliance for Financial Inclusion (AFI), in Cairo, Egypt.
i2i will be facilitating and participating in two core sessions, which include:
- New Measurement Frameworks: Country case pilots, presented by Damola Owolade, Researcher for insight2impact
- Financial Inclusion Data to Make Invisible Markets Visible, presented by Richard Chamboko, Measurement Manager for insight2impact
This year's Global Policy Forum (GPF) will take place from 13-15 September at the International Congress Center in Sharm El Sheikh, Egypt. It is expected to be the largest and most comprehensive event ever held by AFI.
With more than 100 member institutions representing over 90 nations across the globe, the AFI GPF is the most comprehensive forum for regulatory institutions with an interest in the promotion of financial inclusion policy. The forum is focused on the development and improvement of national financial inclusion strategies and policies and is used as a platform for senior financial regulators to exchange ideas and engage in peer-to-peer learning activities.
If you would like to learn more about our work or to identify areas for collaboration, please email email@example.com. Celina Lee is Lead of the i2i facility.