The Bank of Uganda, the country’s central bank, recently partnered with Uganda’s Ministry of Finance, Planning and Economic Development to create the Uganda National Financial Inclusion Strategy 2017-2022. The framework focuses on improving credit services as well as boosting the usage of insurance, formal savings and investment services. Its goals include to: (1) reduce the portion of Ugandans who are excluded from financial services from 15 percent as of 2015 to 5 percent by 2022; (2) increase the country’s credit-bureau coverage from 6 percent of the population as of 2015 to 40 percent by 2022; and (3) increase the financial stability of families throughout the country.
By Ryan Gauthier, Research Associate
Sources and Additional Information
The Independent:
https://www.independent.co.ug/financial-inclusion-optimism/
The Uganda National Financial Inclusion Strategy 2017-2022:
https://www.scribd.com/document/363617100/National-Financial-Inclusion-Strategy
Uganda Ministry of Finance, Planning and Economic Development:
http://www.finance.go.ug/
Bank of Uganda:
https://www.bou.or.ug/bou/home.html
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