GOVERNMENT under the able leadership of His Excellency President Edgar Chagwa Lungu has adopted the National Financial Inclusion Strategy 2017-2022 whose goal is to have universal access and usage of a broad range of quality and affordable financial products and services.
Speaking earlier this morning at a Catholic Relief Services (CRS) event, Minister of Community Development and Social Services Hon. Emerine Kabanshi (MP) confirmed this development when she delivered her key note speech at the CRS event where information was disseminated on the performance and results of the Expanding Financial Inclusion (EFI) project which has been running for the past four years in Zambia.
“The strategy [National Financial Inclusion] is a key policy instrument which has addressed among other things; access to and usage of a broad range of quality and affordable services including savings, credit payment, insurance and investment products and services to meet the needs of not only individuals but also businesses” Ms Kabanshi said.
She said it is her hope that the evidence and information shared by the CRS will be used to inform policies and programme design and implementation.
She further added that the information gathered during the projects lifespan offers practical and sustainable financial inclusion solutions which could be used to reduce poverty.
The EFI Project has been running for the past four (4) years in Zambia, by the CRS as Project convenor supported by the Master Card Foundation.