Women tar­geted for as­sis­tance

Stake­hold­ers needed to take more con­crete steps to ac­cel­er­ate in­clu­sion

Fiji Sun - - Fiji Today - CHARLES CHAM­BERS charles.cham­bers@ fi­jisun.com.fj

The De­na­rau Ac­cord was for­malised yes­ter­day with the gen­der gap be­ing the main fo­cus and women be­ing the tar­get for as­sis­tance.

Last year, the Al­liance for Fi­nan­cial In­clu­sion (AFI) re­ceived a man­date from its mem­bers to ex­plore how the gen­der gap in fi­nan­cial in­clu­sion can be ad­dressed through ef­fec­tive reg­u­la­tions and poli­cies. This was dur­ing the 2015 Global Pol­icy Fo­rum held in Ma­puto, Mozam­bique.

Part­ners, col­lab­o­ra­tors and stake­hold­ers needed to take more con­crete steps to ac­cel­er­ate women’s fi­nan­cial in­clu­sion. Tukya Kankasa-Mab­ula, the deputy gover­nor of the Bank of Zam­bia said: “De­spite the progress that has been made to ad­vance fi­nan­cial in­clu­sion glob­ally, women re­main dis­pro­por­tion­ately ex­cluded from the for­mal fi­nan­cial sys­tem.

“Ac­cord­ing to the 2014 Global Fin­dex Data, 58 per cent of women had an ac­count com­pared to 65 per cent of men.” She said there was a nine per cent gen­der gap in ac­count own­er­ship across de­vel­op­ing economies.

“De­spite over­all progress to­wards fi­nan­cial in­clu­sion, the nine per cent gen­der gap has re­mained con­stant since 2011,” she said. Ms Kankasa-Mab­ula said cur­rently more than half of the world’s un­banked were women. Edited by Ranoba Baoa

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