MICROCAPITAL BRIEF: Uganda Launches 5-year National Financial Inclusion Strategy

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:

The Uganda National Financial Inclusion Strategy 2017-2022:

Uganda Ministry of Finance, Planning and Economic Development:

Bank of Uganda:

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