Measuring Progress: Financial inclusion in SADC – 2019 Report

Measuring Progress: Financial inclusion in SADC - 2019 Report
, , , ,

The MAP country implementation is a key pillar of the SADC Financial Inclusion strategy, implemented with the SADC Secretariat and the SADC Committee for Central Bank Governors (CCBG).

The SADC CCBG as part of the 2020 strategy committed to a repository of statistics to measure domestic and regional financial inclusion on the basis of our SADC monitoring and evaluation reports. The SADC Financial Inclusion Strategy has regional M&E indicators which have been integrated into MAP country work in 2018 and into 2019. This regional approach has paid dividends over the last year with a number of regional initiatives being implemented and providing downward pressure for implementation at country level. In turn, country priorities have been escalated into regional-wide programmes.

In the SADC region, financial inclusion strives to accomplish three inter-linked goals, namely, improve livelihoods, drive economic growth and drive industrialisation. As such, five pathways by which greater access to finance can catalyse regional industrialisation has been mapped and all our work in the SADC region has been within this broader context of financial inclusion contributing to regional growth and development.

Within this regional political and economic context, there is a strong drive to reposition the national financial inclusion platforms to link to the real economy. Work with our country coordinators and Government counterparts to identify current projects and commitments linked to the real economy and the growth agenda enable us to ensure that financial inclusion is one of the factors that can increase livelihoods over the long-term, thus contributing to the achievements of the SDGs.

This report builds on the 2018 “Monitoring and Evaluation in the MAP Programme in the SADC Region” report.