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This initiative is designed to answer the following questions through research and advocacy:
- What are potential new delivery models and approaches that could further support the goals of universal access to financial services for all?
- Specifically, how can government to people (G2P) cash transfer programmes, including conditional cash transfer programmes, be combined with financial services to enable asset building through savings and thus creating sustainable livelihood?
- What sorts of products and services would maximize development impact for specific target groups like women, children, etc.?
- Research: Research on understanding the logic and impact data of the methods most widely used to create financial inclusion will be undertaken in partnership with leading universities and faculty around the globe. UNDP will be co-authoring a paper with the New America Foundation on “A Third Way for ODA” in 2010.
- Convene Dialogue: UNDP in collaboration with the Ford Foundation, Citi Foundation and New America Foundation will be hosting an invite-only, high-level experts’ colloquium in November 2010 on Savings Led Conditional Cash Transfers. UNDP will build partnerships with leading financial institutions, and promote multi-sectoral dialogue on increasing the financial inclusion of the poorest. These dialogues will be action-focused and inspire partnership models that overcome the common constraints in working in markets of the poor.
- Capacity Building: UNDP will work through its country offices and its relationships with national policymakers in order to promote South-South knowledge transfer based on its research.
BIFMP’s approach: