Providing full banking services

Improving banking services

Description

Providing full banking services involves ensuring comprehensive access to financial products such as savings, credit, payments, and insurance for individuals and businesses. This strategy addresses financial exclusion by establishing accessible banking infrastructure, leveraging technology for remote services, and tailoring offerings to underserved populations. Its practical intent is to promote economic participation, reduce poverty, and support local development by remedying barriers to financial inclusion, such as geographic isolation, lack of documentation, and limited financial literacy.

Context

This strategy features in the framework of Agenda 21 as formulated at UNCED (Rio de Janeiro, 1992), now coordinated by the United Nations Commission on Sustainable Development and implemented through national and local authorities.