Propelling Financial Inclusion in the Arab Region

Adopted by Arab Monetary Fund (AMF) and the Council of Arab Central Banks on 27 April 2016, the overall purpose of Arab Day of Financial Inclusion Day to advocate financial inclusion, and its role in driving the development of policies, strategies and programs to promote access to financial services, and improve financial inclusion in the region.

The Arab world has witnessed an increased momentum in policy dialogue and national initiatives to address financial inclusion challenges. Arab countries have recognized financial inclusion as a key policy objective that stimulates growth and employment, reduces poverty, promotes social well-being, and contributes to financial stability. Greater access to and use of formal financial services would empower almost 71% of adults (78% of women) and four out of five businesses in the Arab world, helping to bring them into the formal economy, and boost sustainable development.