[Conversations on...] The Roadmap to financial inclusion of refugees

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followed by [Panel session] Where did the 'inclusion' in 'financial inclusion for displaced people' go?

[Conversations on...] The Roadmap to financial inclusion of refugees
Financial services offer vital tools to forcibly displaced persons (FDPs). When designed appropriately and backed by robust national policies and regulation, help FDPs to safely store money, send or receive money transfers, and build up a transaction history that helps to access services such as credit and insurance when needed. Yet, large gaps in access to appropriate financial services remain for FDPs. The Roadmap to the Sustainable and Responsible Financial Inclusion of FDPs offers a set of key policy recommendations for each relevant stakeholder group: governments, the private sector, humanitarian and development agencies, research organisations, and the standard-setting bodies (SSBs). It illustrates a vision for a way forward, and encourage stakeholders to take action to implement the Roadmap's recommendations. Mariam Zahari from the Alliance for Financial Inclusion and Lisa Klinger from GIZ are sharing their experience in developing and implementing this ambitious agenda, talking about key obstacles and opportunities to join forces in order to advance financial inclusion of FDPs.

Additional information
G20 GFPI Policy Paper
AFI activities on translating Roadmap recommendations into actions

[Panel session] Where did the 'inclusion' in 'financial inclusion for displaced people' go?
The session builds on research conducted within the FIND – Finance in Displacement project, facilitated by the German Federal Ministry for Economic Cooperation and Development (BMZ), in partnership with Catholic University (KU) Eichstätt-Ingolstadt, The Fletcher School of Tufts University, and International Rescue Committee (IRC).
Prof Dr Hans Hans-Martin Zademach and Swati Mehta Dhawan will briefly present key messages from this research in Jordan and Kenya. They will draw on evidence in both places showing that refugees face structural barriers to their economic and financial inclusion, and that they face difficulties in ratcheting up their livelihoods. Financial solutions actually being made available to the displaced are separate, and outside mainstream networks (in Kenya) or not yet widely used (Jordan). A refugee woman in Jordan will also explain the challenges she is facing to sustain her home-based business due to COVID-19.
Following, a panel discussion moderated by Daphne Jayasinghe, with the participation of the research team, Felix Okech and Erica van Eeghen, will discuss these results and bring to the ‘table’ experiences in the two countries that are contributing to financially including the displaced such as MPESA in Kenya and the NASIRA programme implemented in Jordan and other countries by FMO.

Additional Information
COVID-19 and refugees' economic opportunities, financial services and digital inclusion
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