Cote d'Ivoire adopts strategy for financial inclusion rate of 60% in 2024
Abidjan, Côte d'Ivoire (PANA) - The Ivorian government on Wednesday adopted the 2019-2024 national financial inclusion strategy (SNIF), which aims to achieve a financial inclusion rate of 60% in 2024.
According to a communiqué of the Council of Ministers, the 2019-2024 SNIF, which is consistent with the regional financial inclusion strategy of the West African Economic and Monetary Union (WAEMU), focuses on the insertion of disadvantaged social strata into the economic fabric, through the setting up of adapted financial services that offer sustainable conditions for both givers and recipients.
It aims more specifically at improving access to financial services, vulnerable populations, promoting digital finance and establishing a fiscal and policy framework conducive to financial inclusion.
Its implementation will take the financial inclusion rate to 60 percent in 2024, and mobilise more national savings to finance the development of the economy.
In May 2018, the Ivorian government established an agency for the promotion of financial inclusion (APIF), whose mission is to develop and adapt the provision of financial services for low-income populations and small and medium-sized enterprises (SME).
Within WAEMU, the 2016-2020 regional strategy, developed by the Central Bank of West African States (BCEAO), aims to ensure access to and use of a diversified range of products and services and at affordable costs to 75 percent of the adult population.
-0- PANA BAL/TBM/BBA/MA 16May2019
