CGAP: Empowering the poor through financial services

Time 2020-10-16 05:10:15

Web Name: CGAP: Empowering the poor through financial services

WebSite: http://www.cgap.org

ID:83724

Keywords:

the,Empowering,CGAP,

Description:

Our Governance Meet the leaders who provide strategic guidance CGAP’s vision is a world where poor people can capture opportunity and build resilience to advance their lives. In these deeply troubling times, the values we share of dignity and respect for every person, where racism has no place and diversity is celebrated, are ever more important to affirm. We stand with everyone around the world working for justice, human dignity and equality.Learn More   There has been a need for traditional microfinance to face the challenge presented by digital technology for some time, COVID has simply accelerated this process. As a result of the COVID-19 outbreak, further policy steps have proven necessary, both within and beyond the financial sector, to mitigate the impacts of the pandemic on businesses and ordinary people. This Briefing applies five guiding principle to country contexts, and specifically addresses what each principle means for regulatory responses to the COVID-19 crisis. Countries worldwide are using social assistance payments as a component of their response to the COVID-19 pandemic. This briefing addresses how donors and their partners can design and implement social assistance payments that are efficient and secure while providing recipients with reliable, convenient, and safe access to their payments. For digital financial services providers looking for a competitive edge in developing economies, better data privacy features could be the answer, according to CGAP research from India and Kenya.

TAGS:the Empowering CGAP 

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CGAP (Consultative Group to Assist the Poor) is an independent think tank that works to empower poor people to capture opportunities and build resilience through financial services. Housed at the World Bank, CGAP is supported by over 30 leading development organizations committed to making financial services meet the needs of poor people.

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