NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Thursday, November 9, 2017

Today, the Government of Zambia launched its National Financial Inclusion Strategy, as well as its Financial Sector Development Policy, and Financial Capability Survey Report with support from the World Bank Group. The three documents will help strengthen the development of the financial sector in Zambia.

The strategy, policy and the survey report are a product of extensive stakeholder consultations with members of the public sector, private sector, civil society organizations, and academia led by the Government’s National Financial Inclusion Drafting Committee. The strategy will guide Zambia in its plan to achieve the universal access and use of a broad range of affordable financial products and services.

“Enhancing the financial sector will allow all Zambians to reap the full benefit of financial inclusion, said Felix Mutati, Finance Minister of Zambia. “It will enable individuals to use the right financial services to make plans and manage risk, and it will help firms gain access to affordable financing to help them facilitate innovation and growth, and create employment,”