Mapping of Financial Inclusion and Recommendations to the Central Bank to Collect and Measure Financial Inclusion in Haiti
Since 27% of Haitians had access to formal financial services (FINDEX 2011), the Central Bank (BRH) defined a National Financial Inclusion Strategy (NFIS) with the World Bank in 2014
Context: Since 27% of Haitians had access to formal financial services (FINDEX 2011), the Central Bank (BRH) defined a National Financial Inclusion Strategy (NFIS) with the World Bank in 2014. This project remained on standby until the creation of the Financial Inclusion Unit within BRH (2017) to coordinate the implementation of the NFIS. The objective of the BRH is to ensure greater access to savings, credit and other financial products and services with the aim of reducing poverty and income inequality to support a more inclusive society, both financially and economically.
Objective: 1) Map Financial Inclusion in Haiti, Including Digital Financial Services (DFS) 2) Identify the data currently collected for regulatory reporting from financial service providers, and identify gaps/improvements for financial inclusion mapping and monitoring 3) Develop a strategy and action plan with BRH to strengthen its financial inclusion capacities
Deliverables: 1) Desk review of the financial inclusion strategy and monitoring indicators defined 2) Preliminary interviews with stakeholders (Banks, MFIs, Saving groups, non-bank agents, transfer houses reporting to the BRH, different entities of the BRH) 3)Initial analysis of reporting templates to analyze shortcomings, weaknesses and suggest recommendation. 4)Sharing workshop and reflection to identify a strategy and an action plan for monitoring financial inclusion and make recommendations on capacity building