Digital financial inclusion – an engine for “leaving no one behind”

SDG

Target

Focus

1. No poverty

1.4

The importance for everyone to have access to financial services, including to microfinance.

2. Zero hunger

2.3

It links the doubling of agricultural productivity and income of small-scale food producers, among many other factors, to access to financial services.

3. Good health and well-being

3.8

Medical insurance can mitigate the risks related to health.

5. Gender equality

5.A

It focuses on the urgent need to launch reforms to grant women equal rights including to access to financial services.

8. Decent work and economic growth

8.3

It ties the access to financial services to the promotion of development-oriented policies, the creation of decent work and the growth of MSMEs.

8.10

Strengthening the capacity of financial institutions to promote access to banking, insurance and financial services for all. In this regard, there are three reference indicators: the number of branches of commercial banks per 100,000 adults, the number of ATMs per 100,000 adults and the percentage of adults with a current account or a mobile payment system.

9. Industry, innovation and infrastructure

9.3

The access of small industries and other enterprises, particularly in developing countries, to financial services, including credit at affordable prices should be improved as a matter of urgency. It considers the share of small businesses that have access to loans or lines of credit.

10. Reduced inequalities

10.5

Reaffirming the need of improving the regulation and control over global financial markets and institutions. Financial soundness is the indicator used (United Nations, DESA).

16. Peace, justice and strong institutions

16.4

Reducing illicit financial flows by 2030.

16.5

Reducing corruption and bribery.

17. Partnerships for the Goals

17.1

Domestic resource mobilization, including through international support to developing countries, to improve domestic capacity for tax and other revenue collection.

17.3

Mobilizing additional financial resources for developing countries from multiple sources.