Peru Government Installs National Strategy for Financial Inclusion

Thursday, July 23, 2015

As the Peruvian Finance Minister, Alonso Segura, declared last December, social inclusion is “the foundation of Peru’s growth.” To make this possible, they increased the budget for social inclusion programs for the current year by 20%.

The Peruvian President Ollanta Humala signed the Supreme Decree designed to grant greater access and higher-quality banking services to more Peruvians, reports Andina news agency.

The National Strategy for Financial Inclusion is designed to develop remote communities’ access to banking services and opportunities.

In this way, more Peruvians will be capable of doing business, making payments or receiving money transfers without additional fees. They will have a more secure financial situation to manage their money and take care of their families.

According to Andina, the National Strategy for Financial Inclusion has seven points:

Source: Peru this Week (link opens in a new window)

Categories
Impact Assessment
Tags
digital payments, financial inclusion, microinsurance, rural, social development