Providing full banking services

Improving banking services

Description

Providing full banking services involves ensuring individuals and businesses have access to a comprehensive range of financial products, including savings, loans, payments, and advisory services. This strategy addresses financial exclusion by establishing accessible banking infrastructure, streamlining account opening, and offering tailored solutions for underserved populations. Its practical intent is to promote economic participation, support financial stability, and empower communities by remedying barriers such as lack of access, high costs, 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.