Achieving the Sustainable Development Goals: The Role of Financial Inclusion
This blog series is an accompaniment to the CGAP and UNSGSA paper “Achieving the Sustainable Development Goals: the Role of Financial Inclusion.” The series is meant to deepen and broaden the discussion started in the paper on how financial inclusion can help achieve the SDGs. Contributors include academics, policy makers, practitioners and other stakeholders with an interest in the evidence base on the SDGs and financial inclusion.
The approval of the SDGs in September 2015 coincided with CGAP’s organizational strategy refresh. While this strategic thinking process is still ongoing, here are three clear directions for CGAP's future work that build on the themes in the SDGs.
Ensuring that women have access to formal financial services can help to address many of the economic gaps between men and women worldwide. World Bank Group's Gender Strategy puts women’s economic empowerment—and the financial services necessary to achieve it—high on the agenda.
Global inequality is on the rise, and it is contributing to growing disenchantment and conflict. There is an opportunity for financial inclusion to address these challenges and to make a difference in fragile and conflict-affected states.
SDG 1 is as exciting as it is daunting: End extreme poverty. The Graduation Approach has resulted in large and cost-effective impacts on ultra-poor households’ standard of living, ultimately enabling a sustainable transition to more secure livelihoods and an exit from poverty.
Low-income households often struggle with health expenses, and inadequate access to quality health care can drive families into poverty. To achieve good health and well-being, UN Sustainable Development Goal 3, financial inclusion can and should play a critical role.