Financial inclusion makes big inroads into Myanmar
By Htoo Thant
Myanmar has seen a significant increase in the numbers of adults with access to at least one formal financial services product, according to research presented on June 19 as part of the nationwide Making Access Possible (MAP) financial inclusion study.
MAP operates through a partnership between the UK-funded DaNa Facility, United Nations Capital Development Fund (UNCDF) Myanmar, and the Ministry of Planning and Finance’s Financial Regulatory Department (FRD). The financial diagnostic provides a composite profile of the access to and use of financial services nationwide, based on a comprehensive survey of 5,500 rural and urban households.
Photo courtesy of Jaume Escofet.