February 9

Partners to Unleash Financial Inclusion in Rural Senegal

The UN’s International Fund for Agricultural Development (IFAD) has developed two new public-private partnerships to enhance access to cheaper, faster and safer remittances, the hard-earned money sent home to Senegalese by migrant workers.

New partnerships aim to increase access to digital and financial services and products across rural areas of Senegal. “Remittances are a lifeline for rural people. Mobile channels offer a great opportunity for many underserved areas in Senegal to be fully able to access finance,” said Pedro de Vasconcelos, Manager of IFAD’s Financing Facility for Remittances.

Photo courtesy of CTA ACP-EU.

Source: New Business Ethiopia (link opens in a new window)

Agriculture, Finance, Technology
digital inclusion, employment, financial inclusion, public-private partnerships, remittances