Post offices are key to scaling up remittances and financial inclusion in Uganda
The International Fund for Agricultural Development (IFAD), Postbank of Uganda (PBU) and Posta Uganda signed a grant agreement today aimed at expanding the role of postal networks in the delivery of remittances and access to financial inclusion across the country.
The new project, “Scaling Up Remittances and Financial Inclusion in Uganda,” will provide remittances services in poor rural communities as well as in refugee settlements, many of which are taking in those fleeing conflict and food insecurity in neighbouring South Sudan.
The IFAD grant agreement for Euro 465,000 was signed by Adolfo Brizzi, Director of IFAD’s Policy and Technical Advisory Division, in the presence of Alex Kayaayo, Executive Director of Postbank Uganda. The signing took place following the Global Forum on Remittances, Investment and Development, held 15-16 June at UN headquarters in New York.