Financial Inclusion (FI), which refers to access and usage of appropriate financial services, continues to play an integral role in the realization of inclusive and sustainable growth. It is vital for economic and social development of a country.
According to the National Financial Inclusion Strategy 2017-2022, Financial Inclusion has be defined as having access to and using a broad range of quality and affordable financial services which help ensure a person’s financial security.
Under this pillar, BOU partners with institutions such as the Uganda Bureau of Statistics, the Uganda Cooperative Savings and Credit Union, the Insurance Regulatory Authority and the Association of Microfinance Institutions in Uganda. It also collaborates with relevant Government Ministries and Departments, supervised financial institutions, the UK Department for International Development (DFID), GIZ, the Alliance for Financial Inclusion and the Bill and Melinda Gates Foundation.
Key elements under this pillar include:
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