Financial Inclusion
Promoting equitable access to financial services for inclusive and sustainable economic growth.
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Financial Inclusion
- Globally, policy makers are increasingly embracing financial inclusion initiatives to foster inclusive economic growth and social development.
- Financial Inclusion means that individuals and businesses have access to useful and affordable financial products and services that meet their needs – transactions, payments, savings, credit and insurance – delivered in a responsible and sustainable way.
- Financial Inclusion is a key enabler to the achievement of the Sustainable Development Goals (SDGs) which are a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity by 2030.
- The Reserve Bank of Zimbabwe has therefore adopted a developmental approach to drive financial inclusion in Zimbabwe.
- The following are some of the benefits of financial inclusion.
- freedom from clutches of informal lenders/loan sharks;
- enhances financial deepening;
- promotes inclusive and equitable economic growth;
- boost employment opportunities;
- promotes formalisation of the economy;
- promote growth of formal sources of credit;
- poverty reduction; and
