UNCDF’s Inclusive Finance pillar fosters working with the three levels that integrate the inclusive finance sector, those being the micro (retail microfinance providers), mezo (service providers), and macro government regulatory and policy), to promote a diversity of financial services provided by a gamut of sustainable institutions that follow appropriate regulations and policies. The Enhancing Access to Financial Services (EAFS) project was initially based on this vision. The intervention logic at project conception was that improvements in the enabling environment for inclusive finance (the macro level), supported by catalytic investments in Financial Service Providers (FSPs) (the micro level) and supporting industry infrastructure (the meso level), would strengthen selected FSPs, thus improving their ability to provide appropriate products and services to previously unbanked and marginalized populations. However, with the withdrawal of one of the stakeholders (the World Bank) prior to project document signing, the funding committed decreased, and due to this, the remaining stakeholders (UNDP, UNCDF,and Nepal Rastra Bank) reformulated the project’s intervention logic to focus on the micro/retail sector only. This was an appropriate reformulation, given the goal to expand access to unreached geographic areas and populations without access to finance (in particular, women and disadvantaged groups). The project document was signed in July 2008. The project is scheduled to end in December 2012. EAFS staff were not hired until Sept. 2009, and the Chief Technical Advisor (CTA) not until April 2011, This affected the speed of implementation. The actual implementation of project activities started in April 2010.
#Finance #FinancialServices #Economy
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Publisher:
UNCDF
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(2012
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Type / Script:
Progress Report
in English
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Keywords:
ACCESS to FINANCIAL SERVICES, EVALUATION RESULT and RECOMMENDATION, METHODOLOGY, #MICRO FINANCE, GOVERNMENT REGULARITY and POLICY, UNBANKED, MARGINALIZED PEOPLE, INFRASTRUCTURES DEVELOPMENT, AID PROGRAMMES, FINANCING, DEVELOPMENT FINANCE, PLEDGING CONFERENCES
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Thematic Group:
UNCDF
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Capital Development
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Thesaurus:
02.02.00
- Economic Conditions
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Reference Link:
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